Compound Interest Problems
11th Grade
•30 Qs
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Compound Interest Problems
Quiz
•
Mathematics
•
11th Grade
•
Practice Problem
•
Hard
+4
Standards-aligned
Mazel Macaraeg
Used 18+ times
FREE Resource
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30 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Sachi borrows ₱50,000 and promises to pay the principal and interest at 12% compounded monthly. How much must he repay after 6 years?
Which of the following is the present value?
₱50,000
12%
6 years
None of these
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Sachi borrows ₱50,000 and promises to pay the principal and interest at 12% compounded monthly. How much must he repay after 6 years?
Which of the following is the converted rate in decimal?
0.012
0.12
0.0012
12
3.
FILL IN THE BLANK QUESTION
3 mins • 2 pts
The other term for maturity date is _________ ____.
Tags
CCSS.HSF-IF.C.7C
4.
FILL IN THE BLANK QUESTION
3 mins • 2 pts
The other term for loan date is ______ ____.
Tags
CCSS.RI.11-12.4
CCSS.RI.7.4
CCSS.RI.8.4
CCSS.RI.9-10.4
CCSS.RI.9-10.4
5.
MULTIPLE CHOICE QUESTION
10 mins • 1 pt
Sachi borrows ₱50,000 and promises to pay the principal and interest at 10% compounded monthly. How much must he repay after 6 years?
₱90,000.00
₱90,879.71
₱102,354.97
₱50,000.00
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Sachi borrows ₱50,000 and promises to pay the principal and interest at 12% compounded quarterly. How much must he repay after 6 years?
Which of the following is equivalent to the term??
₱50,000
0.12
6 years
Sachi
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is the symbol for frequency of conversions?
m
f
c
o
Tags
CCSS.8.EE.C.7B
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