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Questions and Answers
Which one of these is the correct simple interest rate for Mr. J. Reyes' loan?
Which one of these is the correct simple interest rate for Mr. J. Reyes' loan?
- 19.45%
- 15.70%
- 10.29%
- 16.10% (correct)
What is the effective annual interest rate on a loan with a nominal interest rate of 12% per year compounded quarterly?
What is the effective annual interest rate on a loan with a nominal interest rate of 12% per year compounded quarterly?
- 12.55%
- 11.75%
- 12%
- 12.75% (correct)
How much was invested at 18% if the annual income from a 16% investment was P620 less than three times the annual income from the 18% investment?
How much was invested at 18% if the annual income from a 16% investment was P620 less than three times the annual income from the 18% investment?
- P5,231.16
- P5,546.45 (correct)
- P5,343.12
- P5,457.14
What nominal rate, converted quarterly, could be used instead of 12% compounded semi-annually?
What nominal rate, converted quarterly, could be used instead of 12% compounded semi-annually?
Which one of these is the correct simple interest rate for Mr. J. Reyes' loan?
Which one of these is the correct simple interest rate for Mr. J. Reyes' loan?
Which one of the following is the book value of the asset during the third year, using the sum-of-the-years digit depreciation method?
Which one of the following is the book value of the asset during the third year, using the sum-of-the-years digit depreciation method?
Which one of the following is the depreciation in the third year, using the sum-of-the-years digit method?
Which one of the following is the depreciation in the third year, using the sum-of-the-years digit method?
What is the depreciation for the first year, using the sum-of-the-years digit method?
What is the depreciation for the first year, using the sum-of-the-years digit method?
What is the purchase cost of the asset?
What is the purchase cost of the asset?
What is the salvage value of the asset at the end of its life?
What is the salvage value of the asset at the end of its life?
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