MASC G11 Assessment

• 30

• 45

• 15

• 0

How much money will you have after 3 years if you deposited ₱7,000.00 in a bank that pays 5% simple interest?

• ₱1,050.00

• ₱105,000.00

• ₱3,500.00

• ₱2,100.00

How much will be the compounded interest if ₱10,000 is invested at 5% yearly for 3 years?

• ₱1776.12

• ₱1521.37

• ₱1,050.00

• ₱1576.25

If you deposit ₱1,000 monthly in a fund that gives 4%, compounded monthly, how much is the amount of future value your savings after 1 year?

• ₱12,778.34

• ₱12,222.46

• ₱12,000.00

• ₱12,021.79