Flashcard in General Mathematics

Front

A bank offers 0.25% annual simple interest for a particular deposit. How much interest will be earned if 1 million pesos is deposited in this saving account for 1 year?

Back

Php 2500

Front

How much interest is charged when ₱50000 is borrowed for 9 months at an annual simple interest rate of 10%?

Back

Php 3750

Front

Find the maturity value and the compound interest if ₱50000 is compounded annually at an interest rate of 2% in 5 years.

Back

MV= Php 55204.04 and I= Php 5204.04

Front

Find the maturity value and interest if ₱100000 is invested at 5% compounded annually for 8 years.

Back

MV= Php 147745.54 and I= Php 47745.54

Front

Amount in bank account after 12 years with ₱10000 deposited at 0.5% annual interest compounded yearly.

Back

Php 10616.78