General Mathematics Quiz

It is usually written in percent, charged by the lender, or rate of increase of the investment.

• Principal

• Future Value

• Rate

• Interest

Interest is computed on the principal and also on the accumulated past interests.

• Interest Period

• Nominal Rate

• Frequency

• Compound Interest

Compute for the interest given: P=7000, r = 8% and t = 5 months.

• 233.33

• 2,800

• 280,000

• 23,333

Compute for the interest given: P=5000, r = 9% and t = 3 years.

• 135,000

• 1,350

• 13.50

• 135

Compute for the rate given: P=10,000, I =2,500 and t = 3 years.

• 8.33%

• 0.083%

• 1,350

• 135

Compute for the time given: P=15,000, I =3,000 and r= 10%.

• 1 year

• 2 years

• 3 years

• 4 years

What is the interest rate for each conversion period (j)?

• 0.04

• 0.02

• 4

• 2

What would be the conversion period (m)?

• 1

• 2

• 4

• 12

What is the principal amount?

• 150,000

• 4%

• 5 years

• Semi-annually

What is the future value?

• 150,000

• 182,505

• 32,505

• 215,010