General Mathematics - Simple and Compound Interest
University
•20 Qs
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General Mathematics - Simple and Compound Interest
Quiz
•
Mathematics
•
University
•
Practice Problem
•
Medium
+2
Standards-aligned
Jose Niño Barranda
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20 questions
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1.
FILL IN THE BLANK QUESTION
45 sec • 1 pt
___________________ is the interest earned when a loan or investment is repaid in a lumpsum.
2.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
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
3.
FILL IN THE BLANK QUESTION
45 sec • 1 pt
Rate of interest must be converted into ________ before substituting to the
formula of finding the interest.
Tags
CCSS.6.RP.A.3B
4.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Which of the following describes rate (r)?
It is the amount of money borrowed or invested on the origin date.
It is the amount paid or earned for the use of money.
It is charged by the lender, or rate of increase of the investment
It is computed on the principal and also on the accumulated past interests.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
All of the following are used to find simple interest, EXCEPT?
principal
rate of interest
time
future value
Tags
CCSS.7.RP.A.3
6.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
It is computed on the original principal, the interest due after a certain time.
Simple interest
Principal
Compound interest
Final Amount
Tags
CCSS.8.EE.C.7B
7.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
It is the term of period of the loan.
Rate
Interest
Principal
Time
Tags
CCSS.8.EE.C.7B
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