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Questions and Answers
Which bank offers a better deal for Elisha based on the given interest terms?
Which bank offers a better deal for Elisha based on the given interest terms?
What is the interest gained after 5 years from ABC Bank?
What is the interest gained after 5 years from ABC Bank?
Which type of interest does ECQ Bank provide?
Which type of interest does ECQ Bank provide?
How much will the total maturity value be from ECQ Bank after 5 years?
How much will the total maturity value be from ECQ Bank after 5 years?
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If Mr. Cruz chooses Bank A over Bank B, what could be a possible reason?
If Mr. Cruz chooses Bank A over Bank B, what could be a possible reason?
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What is the formula for calculating maturity value with simple interest?
What is the formula for calculating maturity value with simple interest?
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What is the interest rate offered by ABC Bank for Elisha's loan?
What is the interest rate offered by ABC Bank for Elisha's loan?
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Which indicator suggests that a simple interest loan is preferable?
Which indicator suggests that a simple interest loan is preferable?
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What is the maturity value for Bank A after 3 years?
What is the maturity value for Bank A after 3 years?
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What is the total interest earned from Bank B after 3 years?
What is the total interest earned from Bank B after 3 years?
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How much interest does Bank A provide after 4 years?
How much interest does Bank A provide after 4 years?
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After 2 years, what is the total amount in Bank B?
After 2 years, what is the total amount in Bank B?
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What is the formula used to calculate the simple interest for Bank A?
What is the formula used to calculate the simple interest for Bank A?
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What value does the principal become in Bank B after Year 5?
What value does the principal become in Bank B after Year 5?
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What differentiates Bank A's interest from Bank B's?
What differentiates Bank A's interest from Bank B's?
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How much interest is earned from an investment of 150,000 pesos at a 3% annual simple interest rate over 2 years?
How much interest is earned from an investment of 150,000 pesos at a 3% annual simple interest rate over 2 years?
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Which of these interest amounts is associated with the principal after Year 1 at both banks?
Which of these interest amounts is associated with the principal after Year 1 at both banks?
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What formula can be used to determine the principal amount if the future value, interest, rate, and time are known?
What formula can be used to determine the principal amount if the future value, interest, rate, and time are known?
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If a businessman made an investment that grew to PhP 130,000.00 over 5 years with an interest of PhP 30,000.00, what was the annual interest rate of his investment?
If a businessman made an investment that grew to PhP 130,000.00 over 5 years with an interest of PhP 30,000.00, what was the annual interest rate of his investment?
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What would be the future value of an investment of PhP 150,000 at a 3% annual simple interest rate after 2 years?
What would be the future value of an investment of PhP 150,000 at a 3% annual simple interest rate after 2 years?
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What is the amount initially invested by the businessman if his total investment is PhP 130,000.00 after 5 years with an interest gain of PhP 30,000.00?
What is the amount initially invested by the businessman if his total investment is PhP 130,000.00 after 5 years with an interest gain of PhP 30,000.00?
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Which of the following is the correct way to calculate the simple interest earned?
Which of the following is the correct way to calculate the simple interest earned?
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After using the second solution formula P = F / (1 + rt), what is the value of rt if r = 6% and t = 5 years?
After using the second solution formula P = F / (1 + rt), what is the value of rt if r = 6% and t = 5 years?
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How much interest was earned if 100,000 pesos is invested for 5 years at a 6% simple interest rate?
How much interest was earned if 100,000 pesos is invested for 5 years at a 6% simple interest rate?
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What is the principal amount if the interest earned is ₱1,350 with a rate of 1.5% over 3 years?
What is the principal amount if the interest earned is ₱1,350 with a rate of 1.5% over 3 years?
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What rate of interest corresponds to a principal of ₱24,000 with total interest earned of ₱1,440 after 2 years?
What rate of interest corresponds to a principal of ₱24,000 with total interest earned of ₱1,440 after 2 years?
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If a teacher invested ₱250,000 at an interest rate of 0.5%, how long will it take to earn ₱6,250 in interest?
If a teacher invested ₱250,000 at an interest rate of 0.5%, how long will it take to earn ₱6,250 in interest?
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What is the total amount after 5 years if the teacher earned ₱7,000 from an investment with 3.5% interest per annum?
What is the total amount after 5 years if the teacher earned ₱7,000 from an investment with 3.5% interest per annum?
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How many years did Teacher Jonah take to pay off her loan of ₱150,000 with an interest of ₱33,750 at a rate of 7.5%?
How many years did Teacher Jonah take to pay off her loan of ₱150,000 with an interest of ₱33,750 at a rate of 7.5%?
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If Mark borrowed ₱8,500 at a 5% annual simple interest rate, how much interest will he pay in 2 years?
If Mark borrowed ₱8,500 at a 5% annual simple interest rate, how much interest will he pay in 2 years?
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What is the simple interest earned on a principal of ₱500,000 at a rate of 3% over 4 years?
What is the simple interest earned on a principal of ₱500,000 at a rate of 3% over 4 years?
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What is the principal amount needed to earn interest of ₱33,750 at a rate of 7.5% over a period of 3 years?
What is the principal amount needed to earn interest of ₱33,750 at a rate of 7.5% over a period of 3 years?
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What is the present value of the investment of PhP 50,000 at 7% compound interest for 10 years?
What is the present value of the investment of PhP 50,000 at 7% compound interest for 10 years?
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What will be the interest earned on the investment of PhP 50,000 at 7% compound interest after 10 years?
What will be the interest earned on the investment of PhP 50,000 at 7% compound interest after 10 years?
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How much will be obtained from the investment after 10 years?
How much will be obtained from the investment after 10 years?
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What is the present value of the loan that has accumulated to PhP 301,987.41 at 6.5% interest after 3 years?
What is the present value of the loan that has accumulated to PhP 301,987.41 at 6.5% interest after 3 years?
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What will be the interest of the loan after 3 years if its accumulated value is PhP 301,987.41?
What will be the interest of the loan after 3 years if its accumulated value is PhP 301,987.41?
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How much will be paid after 3 years for the loan that has an accumulated value of PhP 301,987.41?
How much will be paid after 3 years for the loan that has an accumulated value of PhP 301,987.41?
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How much did the depositor initially place in a time deposit to reach PhP 125,000 at 2% after 2 years?
How much did the depositor initially place in a time deposit to reach PhP 125,000 at 2% after 2 years?
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What is the future amount of the businessman’s investment if he accumulated PhP 60,000 after 5 years at 5% interest compounded yearly?
What is the future amount of the businessman’s investment if he accumulated PhP 60,000 after 5 years at 5% interest compounded yearly?
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What is the formula for calculating simple interest?
What is the formula for calculating simple interest?
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What is the correct expression for calculating compound interest?
What is the correct expression for calculating compound interest?
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Which of the following is the result of compound interest when using a principal of PhP 50,000 at a rate of 3% over one period?
Which of the following is the result of compound interest when using a principal of PhP 50,000 at a rate of 3% over one period?
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If a principal amount increases to PhP 120,146.10, which calculation method was likely used?
If a principal amount increases to PhP 120,146.10, which calculation method was likely used?
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What would be the future value (F) if the principal (P) is PhP 250,000 and it is compounded at 3%?
What would be the future value (F) if the principal (P) is PhP 250,000 and it is compounded at 3%?
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How does the interest accumulate for compound interest in contrast to simple interest?
How does the interest accumulate for compound interest in contrast to simple interest?
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Which of the following future values represents an example of simple interest calculations?
Which of the following future values represents an example of simple interest calculations?
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Based on the provided formulas, which of the following best exemplifies the multiplication effect of interest over time?
Based on the provided formulas, which of the following best exemplifies the multiplication effect of interest over time?
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Study Notes
General Mathematics - Grade 11 - Simple and Compound Interest
- This learner's packet helps students understand simple and compound interest for investing and borrowing.
- Learning objectives include illustrating, distinguishing, and computing interest, maturity value, future value, and present value in simple and compound interest scenarios.
- Simple interest is calculated on the principal amount, while compound interest is calculated on the principal plus accumulated interest.
- Simple interest formula: Is = Prt, where Is = simple interest, P = principal amount, r = rate, and t = time.
- Compound interest formula: A = P(1 + r/n)^(nt), where A = maturity value, P = principal amount, r = rate, n = number of times interest is compounded per year, and t = time in years.
- Simple interest remains constant, while compound interest varies over time, increasing with compounding periods.
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Description
This quiz covers the concepts of simple and compound interest for Grade 11 mathematics. Students will learn to distinguish between the two types of interest, compute values like maturity value and future value, and apply relevant formulas in various scenarios. It's a valuable tool for understanding investing and borrowing.
