Simple and Compound Interests Quiz

Jen invested an amount of P 400,000 at 5% compounded quarterly. How long should she let the investment stay if she wants to earn P 50,000?
a. 2.17 y c. 2.37 y
b. 2. 27 y d. 2.47 y

When invested at an annual interest rate of 11%, the amount earned P11,200 of simple interest in two years. How much money was originally invested?
a.Php 40,909.09 c. Php 60,909.09
b.Php 50,909.09 d. Php 70,909.09

A way of calculating interest that is computed on the principal and also on the accumulated past interests.
a. Calculator
c. Simple interest
b. Percentage
d. Compound interest

A store gives only the sale price P120.00 and the discount 25%. What is the regular price of the item on sale?
a. 165
b. 160
c. 170
d. 175

A date on which the money borrowed or loan is to be completely repaid

________________ is an application of Exponential function.

The formula for computing simple interest.

If the sum of money placed at compound interest doubles itself in 5 years, how long will it become 8 times itself at the same rate of investment?

A way of calculating interest that is computed on the principal and then added to it.
a. Calculator
c. Simple interest
b. Percentage
d. Compound interest

An amount paid or earned for the use of money is called ______________.
a. Loan
c. Investor
b. Interest
d. Savings

_____________ is a person (or institution) who invests the money or makes the funds available
a. Lender
c. Employer
b. Lendee
d. Employee

What is 25% of 110?
a. 27.50
b. 28.50
c. 26.50
d. 25.50

Express 10% in decimal.
a. 10.0
b. 100
c. 0.10
d. 1