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Simple Interest

Quiz by Leonie Landicho

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4 questions
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  • Q1

    It is the exact amount invested/deposited or borrowed.

    Principal Amount

    Interest Rate

    Time

    Interest

    45s
  • Q2

    How is Simple Interest computed?

    I = P + R + T

    I = P + ( R x T )

    I = P x R x T

    I = P x (R ÷ T)

    45s
  • Q3

    Mr. De Castro borrowed ₱10 000 from a cooperative at a 7.5% interest for 2 years. How much interest must he pay? Which of the following equations will solve the problem?

    ₱10 000 x 0.075 x 2 = N

    ₱10 000 + ( P10 000 x 7.5 x 2 ) = N

    ₱10 000 x 7.5 x 2 = N

    ₱10 000 + ( P10 000 x 0.075 x 2 ) = N

    45s
  • Q4

    Determine the interest for ₱950.00 for 6 months at 4% annually.

    ₱18

    ₱19

    ₱20

    ₱21

    120s

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