Q2 GEN MATH REVIEW

.This refers to the accumulated amount obtained by adding the principal and the compound interest.

• A. Compound amount

• B. Compound interest

• C. Present value

• D. Simple interest

Date on which the money borrowed or loaned is to be completely repaid.

• A. Conversion period

• B. Loan date

• C. Maturity date

• D. Origin date

What is the formula in computing the simple interest on a given financial transaction?

• A. Is=Prt

• B. Is=Pr2t

• C. Is=P/rt

• D. Is=r/Pt

This refers to the interest rate per conversion period.

• A. Compound interest

• B. Periodic rate

• C. Rate of interest

• D. Simple interest

This refers to the amount paid or earned for the use of money.

• A. Conversion period

• B. Interest

• C. Principal

• D. Rate

30 months is equivalent to:

• A. 2.5 years

• B. 2.75 years

• C. 3 years

• D. 3.25 years

How much is the simple interest on this financial transaction, P = ₱5,000.00, r = 6%, and t = 2 years?

• A. ₱120.00

• B. ₱600.00

• C. ₱1,200.00

• D. ₱6,000.00

What is the total number of conversion periods when a certain amount is borrowed at 10% compounded monthly for 5 years?

• A. 12

• B. 50

• C. 24

• D. 60

How much was the interest if Sophia borrowed ₱45,000.00 and paid a total of ₱55,500.00 at the end of the term?

• A. ₱10,500.00

• B. ₱45,000.00

• C. ₱11,500.00

• D. ₱100,500.00

What is the interest rate per conversion period if ₱25,900.00 was invested at 3.5% compounded annually for 4 years and 6 months?

• A. 0.035

• B. 0.350

• C. 0.140

• D. 0.460