General Mathematics - Business Math

It is an amount after t years that the lender receives from the borrower on the maturity date.

• loan date

• maturity date

• maturity value

• term

Tags

CCSS.HSA.SSE.B.4

It refers to an interest that is computed based on the principal and interest accumulated every conversion period.

• Simple

• Compound

• Annuity Due

• Ordinary Annuity

Tags

CCSS.8.EE.C.7B

Which of the following statement is true about the borrower or debtor?

• It is the amount of money borrowed or invested on the origin date.

• It is the interest computed on the principal and also on the accumulated past interests

• It refers to the person (or institution) who owes the money or avails of the fund from the lender.

• It refers to the person (or institution) who invests the money or makes the funds available.

A person (or institution) who invests the money or makes the funds available.

• Lender

• Creditor

• Both a and b

• None of the choices.

Tell whether the given situation shows SIMPLE or COMPOUND interest.

Nathan deposits Php 55,000.00 in a bank. The bank paid him an interest of 3% (or P1,650.00) annually. After a year, he got back an amount of Php 56,650.

• Simple

• Compound

Tags

CCSS.7.RP.A.3

Tell whether the given situation shows SIMPLE or COMPOUND interest.

Diego borrowed P10,000 from a lending institution at an annual rate of 6%. He paid a total interest of P2,400 in 4 years.

• Simple

• Compound

Tags

CCSS.7.RP.A.3

Tell whether the given situation shows SIMPLE or COMPOUND interest.

Sara deposited in her bank account P50,000 at an annual interest rate of 1% compounded yearly. She earned an interest of P2,550.50 after 5 years.

• Simple

• Compound

Tell whether the given situation shows SIMPLE or COMPOUND interest.

Sandy invested P24,000 in a stock portfolio that earns 7% interest per month. She earned P16,800 after the first month and P17,976 after the second month, for a total of P34,776 for 2 months.

• Simple

• Compound

Variable P in simple interest formula when you are the creditor stands for?

• Original Amount borrowed

• Original Amount invested

• Maturity Amount Borrowed

• Maturity Amount invested

Tags

CCSS.6.EE.B.7

Compound interest is favorable to the following except?

• investor of a retirement fund

• person who saves in bank

• investor of stocks

• borrower of a loan