SIMPLE INTEREST_TERMS
University
•13 Qs
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SIMPLE INTEREST_TERMS
Quiz
•
Mathematics
•
University
•
Hard
Tony Madino
Used 2+ times
FREE Resource
13 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following month belong to knuckle month?
February
April
January
November
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Knuckle months have _____________.
29 days
31 days
360 days
30 days
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The first day of loan refers to
loan date
simple Interest
Rate of Interest
due date
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The last day of loan refers to
loan date
simple Interest
approximately date
due date
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Most bank notes are secured by
simple Interest
money
collateral
maturity date
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The term principal is also called
borrower
face value
interest
none of the above
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following month has 31 days EXCEPT
July
August
March
November
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