Financial Mathematics_Simple Interest

Calculate the interest, When P= 5000, r=8% and t= 11/12????

• 422.17

• 366.67

• 365.76

• 425.67

Monthly basic for April equal to?

• 31 days

• 30 days

• 29 days

• 360 days

Yearly basic equal to?

• 12 months

• 360 month

• 11 month

• 1 month

Approximate time equal to??

• 325 days

• 345 days

• 365 days

• 360 days

Exact time equal to??

• 360 days

• 365 days

• 300 days

• 330 days

10% convert to decimal?

• 1.00

• 0.01

• 0.10

• 0.001

7% convert to decimal??

• 0.007

• 0.70

• 0.07

• 7.00

Find the mature value for p=5000, r=4% and t=5 years???

• 5000

• 5800

• 5900

• 6000

Find the mature value for P=100 000, r=10% and t=3years?

• 130 000

• 120 000

• 140 000

• 110 000

Calculate the interest, when P=5000, r=4% and t=5years????

• 2000

• 1900

• 1000

• 1100