GEMATMW - Consumer Math

In Stocks, you own assets of the company.

• True

• False

In Stocks, you do not have the right to vote in shareholder meetings.

• True

• False

How long will it take a Php 30,000 debt to earn an interest of Php 4,500 if the simple interest being charged is 9%?

• 1 year and 8 months

• 1 year and 6 months

• 1 year and 10 months

• 1 year and 9 months

Tags

CCSS.6.EE.A.2C

What amount of money will accumulate to Php 7,500,000 in 10 years at 10¼% simple interest?

• ≈ Php 3,703,703.70

• = Php 3,703,703.70

• ≈ Php 3,307,307.70

• = Php 3,307,307.70

Tags

CCSS.7.RP.A.3

Isaac needs to raise Php 80,000 in 15 months. What amount should she set aside now and invest in a fund earning 2% per month to reach her target amount?

• ≈ Php 61,538.46

• = Php 61,538.46

• ≈ Php 61,835.46

• = Php 61,835.46

Isaac must deposit ≈ Php 259,149.70 in a bank that pays _____% interest compounded quarterly so that she will have Php 400,000 after _____ years.

• 11; 4

• 4; 11

• 11; 7

• 7; 11

Find the present value of Php 1,280,000 due in 5 years if the money is worth 12% simple interest.

• Php 800,000

• Php 80,000

• Php 660,000

• Php 600,000

• Php 60,000

Tags

CCSS.7.RP.A.3

 $A=P\left(1+\frac{r}{n}\right)^{nt}$  
Which of the following is/are correct?

• A = final amount

• P = initial principal balance

• r = interest rate

• n = number of times interest applied per time period

• t = number of time periods elapsed

Let:

I = Interest earned after t years

P = money borrowed or invested

r = annual rate of interest

t = the length of time you borrow or invest

Which of the following is/are correct?

• $I=P\left(r\right)\left(t\right)$
  

• $\frac{I}{P}=rt$

• $r=\frac{t}{IP}$

• $t=rIP$

Tags

CCSS.6.EE.B.7

If you deposit Php 4,000 into an account paying 6% annual interest compounded quarterly, how much money will be in the account after 5 years?

• ≈ Php 5,387.42

• ≈ Php 53,874,20

• ≈ Php 5,378.42

• ≈ Php 53,784,20