Which of the following refers to the interest computed based on the principal amount?

General Mathematics Quiz

Quiz
•
Mathematics
•
11th Grade
•
Medium
Aimie Alcantara
Used 16+ times
FREE Resource
23 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Compound Interest
Maturity Value
Present Value
Simple Interest
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which is NOT needed in solving simple interest?
Future value
Principal amount
Rate of interest
Time
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following formula can be used to solve for the simple interest?
I=Prt
I=Pnt
I=Pmt
t=IPr
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following refers to the time between the first payment interval and last payment interval?
Payment Interval
Periodic Payment
Present Value
Term of an Annuity
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following refers to the annuity that do not begin until a given time interval has passed or there is a time of delay in the payment?
Contingent Annuity
Deferred Annuity
General Annuity
Simple Annuity
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What do you call the time between the purchase of an annuity and the start of the payments for the deferred annuity?
Conversion Period
Payment interval
Period of Deferral
Term of Annuity
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What type of stock is being defined when the stockholders get first choice in distributed profits?
Common stock
Face value stock
Preferred stock
Stock market
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