Simple Interest
Authored by Cendilyn Sorio
Architecture
University
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8 questions
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1.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
The fee charged for the use of borrowed money?
Interest
Simple Interest
Maturity Value
Repayment
2.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
The date on which borrowed money is received by the borrower.
Maturity Date
Origin Date
3.
MULTIPLE SELECT QUESTION
10 sec • 1 pt
The date on which the loan is to be completely repaid. Can call as the maturity dates
Origin date
Repayment
4.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
The lenght of time between the origin and maturity dates.
Term of a loan
Maturity dates
5.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
The Interest is computed based only on the amount received by the borrower on the origin date.
Principal
Simple Interest
6.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
The sum received by the borrower on the origin date.
Loan
Principal
7.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
The annual assets by the lender is to be computed by principal.
Maturity value
Simple interest rate
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