41 Questions
Which type of interest remains constant throughout the investment term?
Simple Interest
What is the formula for calculating simple interest?
Is = Prt
Which type of interest earns interest from the previous year?
Compound Interest
What is the formula for calculating compound interest?
F = P (1 + rt)
What is the interest rate if 2,000 pesos grows to 2,030 pesos in 9 months?
2%
Which type of interest earns interest from the previous year?
Compound interest
What is the formula for calculating simple interest?
Is = Prt
What is the formula for calculating compound interest?
Which type of interest remains constant throughout the investment term?
Simple interest
What is the interest rate if 2,000 pesos grows to 2,030 pesos in 9 months?
0.02
Which type of interest earns interest from the previous year?
Compound interest
What is the formula for calculating simple interest?
Is = Prt
What is the interest rate if 2,000 pesos grows to 2,030 pesos in 9 months?
2%
Which formula is used to calculate compound interest?
F = P(1 + r/n)^(nt)
Which type of interest earns interest from the previous year?
Compound interest
What is the principal amount if the maturity value is 11,048.96 pesos and the interest is 1,048.96 pesos after 5 years?
10,000 pesos
What is the rate of interest if 8,000 pesos accumulates to 10,200 pesos in 2 years with quarterly compounding?
12.33%
For how many years will 8,000 pesos accumulate to 10,000 pesos if invested at 5% compounded annually?
4.57 years
Which formula is used to calculate the maturity value in compound interest?
F = P(1 + r/m)^(mt)
What is the interest earned if 10,000 pesos is invested in a bank with 2% interest compounded quarterly for 5 years?
1,048.96 pesos
What is the principal amount if the maturity value is 12,278.27 pesos and the interest rate is 10% compounded semi-annually for 5 years?
10,000 pesos
What is the interest rate if 8,000 pesos accumulates to 10,200 pesos in 2 years with quarterly compounding?
12.33%
For how many years will 8,000 pesos accumulate to 10,000 pesos if invested in a bank at 5% compounded annually?
4.57 years
Which formula is used to calculate the maturity value in compound interest?
F = P(1 + mr)^{mt}
Which type of interest earns interest from the previous year?
Compound interest
What is the interest rate if 2,000 pesos grows to 2,030 pesos in 9 months?
2%
Which type of interest remains constant throughout the investment term?
Simple interest
What is the principal amount if the maturity value is 11,048.96 pesos and the interest is 1,048.96 pesos after 5 years?
10,000 pesos
Which type of interest earns interest from the previous year?
Compound interest
What is the formula for calculating compound interest?
P = F * (1 + r)^t
Which type of interest remains constant throughout the investment term?
Simple interest
What is the interest rate if 2,000 pesos grows to 2,030 pesos in 9 months?
0.025
For how many years will 8,000 pesos accumulate to 10,000 pesos if invested at 5% compounded annually?
4 years
Which formula is used to calculate the present value of compound interest?
P = F / (1 + rt)
What is the interest rate if 10,000 pesos grows to 12,000 pesos in 3 years?
15%
Which type of interest earns interest from the previous year?
Compound interest
What is the principal amount if the maturity value is 15,000 pesos and the interest rate is 8% compounded annually for 4 years?
14,000 pesos
For how many years will 20,000 pesos accumulate to 25,000 pesos if invested at 6% compounded semi-annually?
5 years
Which formula is used to calculate the present value of compound interest?
F = P / (1 + r)^t
What is the principal amount if the maturity value is 36,000 pesos and the interest rate is 10% compounded semi-annually for 6 years?
P = 36,000 / (1 + 0.10)^6
What is the interest rate if 10,000 pesos grows to 8,400 pesos in 7 years when compounded annually?
r = (8,400 / 10,000)^(1/7) - 1
Test your understanding of inverse functions, exponential functions, and logarithmic functions with this quiz on basic business mathematics. Apply these concepts to real-life problems and practice solving them with precision and accuracy.
Make Your Own Quizzes and Flashcards
Convert your notes into interactive study material.
Get started for free
