THE FINAN6IX RECAP QUIZ

THE FINAN6IX RECAP QUIZ

University

10 Qs

quiz-placeholder

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THE FINAN6IX RECAP QUIZ

THE FINAN6IX RECAP QUIZ

Assessment

Quiz

Mathematics

University

Medium

Created by

Maris Alvarez

Used 8+ times

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

It is an additional amount of money that is paid by the borrower to a lender or an investor beyond reimbursing the amount borrowed.

Principal

Future Value

Exact Method

Interest

None of the above

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Jerich has Php 5,000.00 in his bank account which is earning 9.4%, find the future value after 10 years.

Php 9,794.00

Php 7,690.40

Php 5,940.00

Php 10,094.00

None of the above

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What method of computation of time is usually used for business purposes?

Interest

Maturity Value

Ordinary Method

Exact Method

None of the above

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The sum of the principal and the interest of loan?

Ordinary Method

Complex Interest

Maturity Value

Total Repayment

None of the above

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

It is also known as the final amount to be paid.

Interest

Total Repayment

Ordinary Method

Future Value

None of the above

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the mathematical equation that we used use to calculate the simple interest?

A = P + I

A = P (1 + rt)

I = PRT

None of the above

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

It refers to the total sum of money that was either borrowed or invested at the start of a time period.

Simple Interest

Principal

Maturity Value

Interest

None of the above

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