MATH REVIEW

MATH REVIEW

11th Grade

40 Qs

quiz-placeholder

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MATH REVIEW

MATH REVIEW

Assessment

Quiz

Mathematics

11th Grade

Practice Problem

Medium

Created by

Jennebel Pergura

Used 8+ times

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40 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following CORRECTLY differentiates simple and compound interest?

I. charged on the loan amount only

II. there is comparatively higher returns

III. wealth accumulation will be at a higher rate

IV. principal never changes with increased tenur

Simple Interest: I & II

Compound Interest: III & IV

Simple Interest: IV only

Compound Interest: I, II, & III

Simple Interest: I & IV

Compound Interest: II & III

Simple Interest: I, III, & IV

Compound Interest: II only

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following is TRUE about the principal amount of a simple interest?

Adecreases with increased tenure

B. depends on the conversion period

never changes with increased tenure

D. increases as interests gets added to it

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the simple interest if the invested amount is ₱250 000 for 8 months at 5%?

₱7 500

₱8 333

₱12 500

₱83 750

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

You paid an interest amounting to ₱1 875 which was made for 9 months at a simple interest rate of 10% per annum. What was the original amount that you borrowed? A. C. B. D.

₱25 000

₱35 000

₱40 500

₱50 500

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

How many years will you pay ₱2 000 that accumulates an interest total of ₱240 with 6% interest rate?

4 months

1.5 years

7 months

2 years

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the amount due after 9 months for a ₱30 000 loan in a 5% interest rate per annum?

₱30 625

₱31 125

₱32, 625

₱33,125

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the maturity value of ₱10 000 at the end of 2 years, if it earns a compound interest at the rate of 4% yearly?

₱9 520

₱9 800

₱10 500

₱10 816

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