Q2 MODULE 1 POST TEST

1. . Which of the following situations does NOT involve interest?

• A. pawning jewelry in pawnshops

• B. borrowing money from the bank

• C. buying goods from sari-sari store

• D. investing money in an investing firm

2-3.Rosa, who is working in a bank offering an annual interest rate of 3%, is explaining to a client the maturity value of his Php 50,000 after 2 years through an illustration. She is thinking of the following illustrations:

2.What illustration must Rosa present if the bank offers compound interest?

• A

• B

• C

3.What illustration must Rosa present if the bank offers simple interest?

• A

• B

• C

4. What do you call the amount after t years that the lender receives from the borrower on the maturity date?

• A. future value

• B. interest

• C. present value

• D. principal amount

5. The interest is computed semiannually, how many times will its interest be computed in a year?

• A. 2

• B. 4

• C. 6

• D. 12

6. What kind of interest that is computed by multiplying the principal, which is constant all throughout the term, and rate?

• A. Common

• B. Compound

• C. Complex

• D. Simple

7.What is the formula to be used in finding the TIME of simple interest problem?

• 𝐴. I /P.r.n

• B. F/ (1 + r.n.t)

• C. (log F/P)/log(1 + r/n)^n

• D. (P) (1 + r/n)^nt

8. Find the simple interest on a loan of ₱ 65,000 if the loan is given at a rate of 0.5 % per quarter and is due in 3 years.

• A. ₱ 1,900

• B. ₱ 19,000

• C. ₱ 8,900

• . D.₱ 3,900

9. Elvince invested ₱ 10,000 and gain a simple interest of ₱ 2,650 in 4 yr. What was the annual interest rate granted in the investment?

• A. 6.63%

• B. 5.41%

• C. 4.62%

• D. 3.65%

10. Tessie lent Victor ₱ 4,500 at 6% for 2 years. How much should Victor have to pay back the loan with interest?

• A. ₱ 540

• B. ₱ 1200

• C. ₱ 5040

• D. ₱ 5700