85 Questions
Which of the following is the formula for calculating simple interest?
Is = Prt
What is the interest earned if 1 million pesos is deposited in a savings account with a 0.25% annual simple interest rate for 1 year?
2,500 pesos
If you borrow 4,000 pesos and pay it after 6 months at an 8% simple annual interest rate, how much interest will you pay?
160 pesos
What is the balance after 18 months if 15,000 pesos is deposited into a savings account with a 4.2% simple annual interest rate?
15,945 pesos
If a savings account earned an interest of 1,800 pesos at a 5% simple interest rate, for how long was the account deposited if the principal amount was 20,000 pesos?
1.8 years
Which of the following is the formula for calculating simple interest?
Is = Prt
What is the interest earned if 2,000 pesos is deposited in a savings account with a 2% annual simple interest rate for 1 year?
80 pesos
How much interest will you pay if you borrow 5,000 pesos and pay it after 3 months at a 6% simple annual interest rate?
150 pesos
Find the balance after 2 years if you put 10,000 pesos into a savings account that offers a 3.5% simple annual interest.
10,700 pesos
Suppose you save 3,500 pesos of your allowance and deposit it in your account which earns simple annual interest. After 1 year, the balance is 3,605 pesos. Find the annual interest rate.
4%
Which of the following is the correct formula for calculating simple interest?
Is = Prt
What is the interest earned if 500,000 pesos is deposited in a savings account with a 0.5% annual simple interest rate for 2 years?
2,500 pesos
If you borrow 10,000 pesos and pay it after 1 year at a 6% simple annual interest rate, how much interest will you pay?
1,000 pesos
What is the balance after 2 years if 50,000 pesos is deposited into a savings account with a 3% simple annual interest rate?
52,000 pesos
Suppose you save 5,000 pesos of your allowance and deposit it in your account which earns simple annual interest. After 6 months, the balance is 5,100 pesos. Find the annual interest rate.
2%
Which formula is used to calculate the principal amount in compound interest?
$P = F(1+rm)^{-mt}$
What is the principal amount in the given example?
$12,278.27
What is the rate of compound interest in the given example?
12.33%
What is the time period in the given example?
4.57 years
Which formula is used to calculate the time period in compound interest?
$t = \log \left(\frac{F},{P}\right) / \log \left(1+rm\right)$
Which formula is used to calculate the principal amount in compound interest?
$P = F(1+rm)^{mt}$
Which formula is used to calculate the time period in compound interest?
$t = \log \left(\frac{F},{P}\right) / \log(1+rm)$
What is the rate of compound interest in the given example?
0.1233 or 12.33%
What must be the rate compounded quarterly for 8,000 pesos to accumulate to 10,200 pesos in 2 years?
0.1233 or 12.33%
For how many years will 8,000 pesos accumulate to 10,000 if invested in a bank at 5% compounded annually?
4.57 years
Which formula is used to calculate the principal amount in compound interest?
$F = P(1+rm)mt$
What is the balance after 2 years if 50,000 pesos is deposited into a savings account with a 3% simple annual interest rate?
$51,500$
Which formula is used to calculate the time period in compound interest?
$t = \log \frac{F},{P} \div \log (1+rm)$
What is the interest earned if 1 million pesos is deposited in a savings account with a 0.25% annual simple interest rate for 1 year?
$2,500$
What is the interest earned if 500,000 pesos is deposited in a savings account with a 0.5% annual simple interest rate for 2 years?
$2,500$
Which formula is used to calculate the present value (principal) in compound interest?
P = F(1 + rm)mt
What is the present value (principal) of an investment that will accumulate to 12,278.27 pesos at the end of 5 years, if the money was invested at 10% compounded semi-annually?
20,000 pesos
What is the present value (principal) of an investment that will accumulate to 25,000 pesos at the end of 10 years, if the money was invested at 20% compounded annually?
25,000 pesos
What is the present value (principal) of an investment that will accumulate to 27,600 pesos at the end of 8 years, if the money was invested at 30% compounded semi-annually?
12,000 pesos
What is the present value (principal) of an investment that will accumulate to 36,000 pesos at the end of 6 years, if the money was invested at 10% compounded semi-annually?
36,000 pesos
Which formula is used to calculate the present value (principal) in compound interest?
P = F(1+rm)^{mt}
What is the present value (principal) of an investment that will accumulate to 12,278.27 pesos at the end of 5 years, if the money was invested at 10% compounded semi-annually?
$10,000
What is the interest earned if 1 million pesos is deposited in a savings account with a 0.25% annual simple interest rate for 1 year?
$250
What is the interest earned if 500,000 pesos is deposited in a savings account with a 0.5% annual simple interest rate for 2 years?
$5,000
What is the rate of compound interest in the given example?
10%
Which formula is used to calculate the present value (principal) in compound interest?
P = F(1 + rm)mt
What is the principal amount in Example 1?
20,000 pesos
What is the present value (principal) of an investment that will accumulate to 25,000 pesos at the end of 10 years, if the money was invested at 20% compounded annually?
20,000 pesos
What is the rate of compound interest in Example 3?
30%
What is the interest earned if 1 million pesos is deposited in a savings account with a 0.25% annual simple interest rate for 1 year?
2,500 pesos
Which formula is used to calculate the nominal rate of compound interest?
r = m [FP1mt ─ 1]
In Example 3, what must be the rate compounded semi-annually for 5,000 pesos to accumulate to 8,400 pesos in 7 years?
1.76%
In Example 4, what must be the rate compounded monthly for 3,000 pesos to accumulate to 5,600 pesos in 8 years?
63.15%
In Example 5, what must be the rate compounded quarterly for 9,000 pesos to accumulate to 12,800 pesos in 10 years?
85.78%
What is the rate of compound interest in Example 1?
12.33%
Which formula is used to calculate the nominal rate of compound interest?
r = m [FP1mt ─ 1]
What is the rate of compound interest in Example 1?
12.33%
What must be the rate compounded semi-annually for 5,000 pesos to accumulate to 8,400 pesos in 7 years?
1.76%
What is the rate of compound interest in Example 3?
1.76%
What is the principal amount in the given example?
8,000 pesos
Which of the following is the correct formula for calculating the nominal rate of compound interest?
r = m [FP1mt ─ 1]
What must be the rate compounded annually for 7,000 pesos to accumulate to 11,100 pesos in 5 years?
0.0966 or 9.66%
What must be the rate compounded semi-annually for 5,000 pesos to accumulate to 8,400 pesos in 7 years?
1.76 or 1.76%
What must be the rate compounded monthly for 3,000 pesos to accumulate to 5,600 pesos in 8 years?
0.6315 or 63.15%
What must be the rate compounded quarterly for 9,000 pesos to accumulate to 12,800 pesos in 10 years?
0.8578 or 85.78%
What is the rate of compound interest if 8,000 pesos accumulate to 10,200 pesos in 2 years, compounded quarterly?
0.1233%
What is the rate of compound interest if 7,000 pesos accumulate to 11,100 pesos in 5 years, compounded annually?
0.0966%
What is the rate of compound interest if 5,000 pesos accumulate to 8,400 pesos in 7 years, compounded semi-annually?
1.76%
What is the rate of compound interest if 3,000 pesos accumulate to 5,600 pesos in 8 years, compounded monthly?
0.6315%
What is the rate of compound interest if 9,000 pesos accumulate to 12,800 pesos in 10 years, compounded quarterly?
0.8578%
What is the rate of compound interest if 3,000 pesos accumulate to 5,600 pesos in 8 years, compounded monthly?
0.6315%
What is the rate of compound interest if 5,000 pesos accumulate to 8,400 pesos in 7 years, compounded semi-annually?
1.76%
What is the rate of compound interest if 7,000 pesos accumulate to 11,100 pesos in 5 years, compounded annually?
0.0966%
What is the rate of compound interest if 8,000 pesos accumulate to 10,200 pesos in 2 years, compounded quarterly?
0.1233%
What is the rate of compound interest if 9,000 pesos accumulate to 12,800 pesos in 10 years, compounded quarterly?
85.78%
Which formula is used to calculate the time period in compound interest?
t = log \left( \frac{F},{P} \right) \div m \log \left(1 + r \right)
For how many years will 8,000 pesos accumulate to 10,000 if invested in a bank at 5% compounded annually?
4.5 years
For how many years will 5,000 pesos accumulate to 15,300 if invested in a bank at 10% compounded semi-annually?
4.57 years
For how many years will 8,000 pesos accumulate to 10,000 if invested in a bank at 5% compounded quarterly?
4.57 years
For how many years will 8,000 pesos accumulate to 10,000 if invested in a bank at 5% compounded monthly?
4.57 years
Which formula is used to calculate the time period in compound interest?
t = log(F/P) / (m * log(1 + r/m))
What is the present value (principal) of an investment that will accumulate to 12,278.27 pesos at the end of 5 years, if the money was invested at 10% compounded semi-annually?
$10,000
What is the interest earned if 500,000 pesos is deposited in a savings account with a 0.5% annual simple interest rate for 2 years?
$5,500
What is the rate of compound interest if 7,000 pesos accumulate to 11,100 pesos in 5 years, compounded annually?
6%
What is the principal amount in Example 1?
$8,000
Which formula is used to calculate the time period in compound interest?
t = log(F/P) / (m * log(1 + r/m))
Which formula is used to calculate the principal amount in compound interest?
P = F / (1 + r/m)^(m*t)
What is the rate of compound interest in Example 1?
5%
For how many years will 8,000 accumulate to 10,000 if invested in a bank at 5% compounded quarterly?
4 years
What is the rate of compound interest if 5,000 accumulate to 8,400 in 7 years, compounded semi-annually?
8%
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