General Mathematics Quiz

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

• Compound Interest

• Maturity Value

• Present Value

• Simple Interest

Which is NOT needed in solving simple interest?

• Future value

• Principal amount

• Rate of interest

• Time

Which of the following formula can be used to solve for the simple interest?

• I=Prt

• I=Pnt

• I=Pmt

• t=IPr

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

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

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

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

Which financial assets carries the MOST risk?

• Bonds

• Checking deposits

• Saving deposits

• Stocks

What do you call the loan that intends to spend for personal, family or household purposes?

• Business loan

• Collateral

• Consumer loan

• Mortgage

Which of the following is being referred as the loan that is usually made to fund a company's operating expenses and other financial needs?

• Business loan

• Collateral

• Consumer loan

• Mortgage