Module 5 Exercise 1

What do you call the amount charged for the use of borrowed money?

What do you call the amount of an original investment?

How much interest does a Php10,000 investment earn at 5.6% over 18 years?

• Php1,008,000

• Php10,080

• Php10,800

• Php1080

Sanji borrows Php8650 to buy an airfryer at 4.5% interest. How much interest will she pay after 5 years?

• Php194.63

• Php19,462.50

• Php1,946.25

• Php194,625

What is the future value of PhP58,000 invested in 5yrs at a rate of 2.75%?

• Php7,975

• Php65,975

• Php855,500

• Php797,500

Zoro deposited Php15,000 in the bank for 12 months at 15% annually. How much interest did he get?

• Php27,000

• Php22,500

• Php2,700

• Php2,250

If Nico has Php550,000 now and wants to have Php675,000 in a year how much interest will he need to earn?

• Php100,000

• Php125,000

• Php150,000

• Php175,000

Chopper had Php60,000 invested at 3% interest. She earned Php4,500. How long was the money invested?

• 0.25 years

• 2 years

• 2.5 years

• 3 years

Luffy borrowed Php45,000 at a bank that offered him an interest of 2% annually. How long did Luffy keep the money if he owes the bank an interest of Php1,530?

• 1.7 years

• 1.47 years

• 17 years

• 14.7 years

Nami deposited $1000 in her dollar account for her college fund. How much will she have altogether after 18 yrs at 3.25%?

• $2,000

• $1,585

• $415

• $585