BM Topic 1 Quiz

BM Topic 1 Quiz

University

20 Qs

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BM Topic 1 Quiz

BM Topic 1 Quiz

Assessment

Quiz

Mathematics

University

Practice Problem

Medium

Created by

JOHNSON A/L MATHELAMUTHU

Used 23+ times

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The date on which money is received by the borrower

Origin or Loan Date

Time

Repayment Date or Maturity Date

Annually

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The amount of money borrowed or invested on the origin date.

Principal (P)

Simple Interest

Interest (I)

Maturity Value or Future Value

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Amount paid or earned for the use of money

Coupon

Simple Interest

Interest (I)

Compound Interest

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Interest is computed on the principal and then added to it.

Coupon

Simple Interest

Interest (I)

Compound Interest

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Interest is computed on the principal and also on the accumulated past interests.

Interest

Simple Interest

Compound Interest

Total Amount

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The annual rate, usually in percent, charged by the lender, or rate of increase of the investment

Principal (P)

Rate (r)

Interest (I)

Maturity Value or Future Value (F)

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A bank offers a 0.25% annual simple interest rate for a particular deposit. After a year RM2,500 will be earned from RM1 million deposited. What is the interest?

2450

5050

2500

4500

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