BM Topic 1 Quiz

Quiz
•
Mathematics
•
University
•
Medium

JOHNSON A/L MATHELAMUTHU
Used 23+ times
FREE Resource
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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