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Simple Interest and Compound Interest

Authored by ISMAEL TAN

Mathematics

11th Grade

CCSS covered

Used 26+ times

Simple Interest and Compound Interest
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10 questions

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1.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

Jenny invested money from Lucena Rural Bank at 1.05% simple interest for 3 years. It was charged ₱ 472.50 for interest. What formula will be used to determine the amount of borrowed money?

𝐼𝑠=𝑃𝑟𝑡

𝑃=𝐼𝑠𝑟𝑡

𝐼𝑐=𝐹(1+𝑗)𝑛

𝑃=𝐹(1+𝑟)𝑡

Tags

CCSS.8.EE.C.7B

2.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Jenny invested money from Lucena Rural Bank at 1.05% simple interest for 3 years. It was charged ₱ 472.50 for interest. How much money will Jenny invest?

₱ 1,500.00

₱ 15,000.00

₱ 150,000.00

₱ 600,000.00

Tags

CCSS.7.RP.A.3

3.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Jenny invested money from Lucena Rural Bank at 1.05% simple interest for 3 years. It was charged ₱ 472.50 for interest. How much is her accumulated money after 3 years?

₱ 1,947.50.00

₱ 15,472.50.00

₱ 150,472.50.00        

₱ 600,472.50.00

Tags

CCSS.7.RP.A.3

4.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Jenny invested money from Lucena Rural Bank at 1.05% simple interest for 3 years. It was charged ₱ 472.50 for interest. If Jenny invested the same amount of money at Lucena Cooperative Bank who is offering an interest rate of 1.5% for 3 years how much interest will she gain?

₱ 325.00

₱ 475.00

₱ 675.00

₱ 825.00

Tags

CCSS.HSF.BF.A.2

5.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Jenny invested money from Lucena Rural Bank at 1.05% simple interest for 3 years. It was charged ₱ 472.50 for interest. How much will she accumulate in 3 years if she invested in Lucena Cooperative Bank?

₱ 15,325.00

₱ 15,425.00

₱ 15,625.00

₱ 15,675.00

Tags

CCSS.HSF.BF.A.2

6.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Joy has ₱ 100,000.00 to invest at 1.11% compounded monthly. What is the total number of compounding frequency if the investment matures after 6 years?

6

12

18

72

7.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Joy has ₱ 100,000.00 to invest at 1.11% compounded monthly. 

How much is the interest rate per conversion period?

0.0925%

0.925%

9.25%

92.5%

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