
POST TEST ON GENMATH

Quiz
•
Mathematics
•
11th Grade
•
Medium
Jhandy Mieraccolo
Used 11+ times
FREE Resource
40 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is not a term used in simple interest calculations?
Principal
Rate
Time
Dividend
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In compound interest, the term that refers to the frequency with which interest is added to the principal is:
Rate of interest
Time period
Compounding period
Maturity date
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Simple interest can be defined as:
Interest on the interest earned.
The interest earned on the principal amount over time.
The difference between the maturity value and the present value.
The total amount of money invested.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In simple interest, interest is calculated:
Only on the original principal.
On both the principal and previously earned interest.
Every year on the reduced balance.
Only on the final balance at the end of the term.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following best illustrates compound interest?
Interest is calculated once at the end of the period.
Interest is calculated yearly but added to the principal before the next calculation.
Interest is subtracted from the principal every year.
Interest is calculated and given back to the investor.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the formula for simple interest?
I = P(1 + rt)
I = Prt
I = P(1 + r)t
I = P / rt
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the formula for compound interest?
A = P(1 + r/n) nt
A = P(1 + rt)
A = P / (1 + rt)
A = Prt
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