Introduction to Annuity
Authored by Ivan Jeffrey Mago
Mathematics
11th - 12th Grade
10 Questions
CCSS covered
Used 52+ times
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Kristoff is investing for an educational plan for his son. He deposits every end of the month a regular payment of P5,000 with with an interest rate of 6% compounded monthly for 7 years.
What is the value of R?
6
0.06
7
5,000
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Kurt invested on a housing plan account which he pays P10,000 at the end of each quarter with a monthly compound interest of 1.25% for 5 years. What type of annuity is Kurt investing in?
General Annuity
Simple Annuity
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Lester makes a regular payment of P3,000 every 6 months for 10 years on an investment account with a compounding interest of 3% semi-annually.
what type of annuity is the account?
General Annuity
Simple Annuity
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An account with a regular monthly payment of P14,000 has a monthly compounding interest of 5.13% for 10 years. What kind of annuity is the account?
General Annuity
Simple Annuity
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If an simple annuity account has a regular payment of P6,000 with a quarterly compounding interest of 3%, how many times will you regularly pay it each year for 7 years?
1
2
4
cannot be determined
Tags
CCSS.HSF.BF.A.2
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A general annuity account is to be paid regularly of P3,000 with a compounding interest of 1.56% semi-annually for 7 years. How many times will you pay the account each year?
1
2
14
cannot be determined
Tags
CCSS.HSF.BF.A.2
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An account with a regular monthly payment of P9,000 has a compound interest of 4.56% for 10 years. How many times will the interest compound in one year if it is an ordinary annuity?
1
4
12
cannot be determined
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