Mathematics Of Investment (Quiz 1) | Created By: MS. Gellie Mare E. Flores

20 Questions | Total Attempts: 420

Mathematics Of Investment (Quiz 1) | Created By: MS. Gellie Mare E. Flores - Quiz

Questions and Answers
  • 1. 
    Find the simple interest on P8,000 loaned at an annual interest rate of 12% for two years.
  • 2. 
    What is the maturity value of the loan amounting to P8,000 with an annual interest rate of 12% for two years?
  • 3. 
    Find the simple interest on P300,000 loan due in 5 years when the annual interest rate on the loan is 16%. What is the maturity value of this loan?
  • 4. 
    Find the simple interest on a P30,000 loan at 17% annual interest for 4 months.
  • 5. 
    Find the simple interest on a P50,000 loan at 14.5% for 7 months. 
  • 6. 
    Mr. Johnny Santos borrowed P25,300 for 3 years at 12% interest. How much was the amount charged for the use of money?
  • 7. 
    Mrs. Lani Dy borrowed P15,820 at 6% simple interest. She was charged an amount of P1,260 as interest. Compute the duration of the loan.
  • 8. 
    If the money is worth 12.5%, then how much shall be the principal if it will earn an interest of P5,500 in 3 years and 6 months?
  • 9. 
    For how long will an amount of P16,200 be invested at 3.5% to earn an interest of P1,200?
  • 10. 
    At what interest rate will an investment of P50,000 earn an interest of P10,062.50 in 1 year and 9 months?
  • 11. 
    Mr. Salcedo invested an amount of P18,260 at 12.5%. How much shall be his interest earnings after 5 years and 2 months?
  • 12. 
    Miss Lani Martin deposited an amount of P32,600 in a bank that gives 4.5% on savings account. How much is the maturity value of the investment after 3 years and 7 months?
  • 13. 
    How much shall be the interest rate if an investment of P20,500 accumulated to 22,144.27 after 275 days? (use 360 days)
  • 14. 
    In how many years will an investment of P25,000 accumulate to P45,000 if money is worth 4.5% simple interest?
  • 15. 
    If money is worth 11.5% per annum, for how long will an investment of P20,000 accumulate to P38,000?
  • 16. 
    A 60-day non-interest bearing note worth of P12,000 dated April 11, 2013 was discounted on May 25, 2013 at 5%. Compute the proceeds. (use 360 days)  Note: Discount term will be the difference between the term of the note and the exact no. of days when the note was discounted. (60-45 = 15 days)
  • 17. 
    A 125-day note of P10,600 at 6% simple interest was dated July 12, 2013. If the note was discounted 7% simple interest on August 25, 2013 find the maturity value of the note. (Note: Maturity value should be based on the term of the note. Use 360 days)
  • 18. 
    To take advantage of a special sale of an office cabinet, Mr. Cruz needed to borrow P70,000 for 180 days. If the interest rate was 11% how much will be the charged?  (Use 360 days)
  • 19. 
    Mar borrowed P17,600 for 2 years at 7% simple interest rate. What is the interest paid?
  • 20. 
    By paying P4,000 bill at once, a merchant can save P400. How much would he gain by borrowing the P4,000 for 30 days at 10% to pay the bill? (Use 360 days)
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