Finals_Reviewer_GENMATH

Nicole deposited ₱ 16,000.00 in a bank that offers a simple interest rate of 1.75%. If she placed the money for 7 years, how much interest will she earn?

• Php 1,960

• Php 2, 190

• Php 1, 690

• Php 2, 910

What type of interest when the computed interest based on the principal amount?

• General Annuity

• Ordinary Annuity

• Simple Interest

• Compound Interest

Amount after years that the lender receives from the borrower on the maturity date?

• Simple Interest

• Annuity

• Present Value

• Maturity Value or Future Value

If you divide the simple interest by the product of the rate and timem what will you get?

• Present Value

• Maturity Value

• Principal

• Interest

What type of interest computed on the principal and accumulated past interests?

• General Annuity

• Ordinary Annuity

• Simple Interest

• Compound Interest

What is the other term for annual interest rate?

• Principal

• Nominal Rate

• Conversion Period

• Interest

What is the frequency conversion of annually?

• 12

• 6

• 1

• 4

What type of annuity where in the payment interval and interest periods are the same?

• General Annuity

• Simple Annuity

• Compound Interest

• Simple Interest

What type of annuity wherein the payment interval and interest periods are not the same?

• General Annuity

• Simple Annuity

• Deffered Annuity

• Simple Interest

What type of annuity wherein the payment interval is the end of each month?

• General Annuity

• Simple Annuity

• Deferred Annuity

• Ordinary Annuity