Mathematics in the Modern World Flashcard

Front

What is the maximum profit that Geran can receive from the housing rental business?

Back

₱150,000

Front

What is the most common type of interest used by credit card companies when borrowers do not pay their balance in full?

Back

Annual Percentage Rate (APR)

Front

What type of housing loan requires fixed payments over a particular duration?

Back

Conventional

Front

What is the candidate optimal solution for the linear programming problem in Example 1?

Back

(10,10)

Front

What is the redemption value of the bond on the redemption date December 23, 2019?

Back

₱54,810.04

Front

Define 'Fixed Interest Rate'.

Back

An interest rate that remains the same throughout the term of the loan.

Front

Define 'Variable Interest Rate'.

Back

An interest rate that can change over time based on market conditions.

Front

What is 'Simple Interest'?

Back

Interest calculated only on the principal amount, or on that portion of the principal amount which remains unpaid.

Front

What is 'Compound Interest'?

Back

Interest calculated on the initial principal, which also includes all of the accumulated interest from previous periods.

Front

What is a 'Housing Loan'?

Back

A loan specifically used to purchase real estate, typically secured by the property itself.