Simple and General
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Mathematics
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8 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
1. Monthly amortization of an automobile loan compounded monthly.
Simple Annuity
General Annuity
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
2. Quarterly payment of a pension plan that is compounded annually.
Simple Annuity
General Annuity
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
3. Payment every six months of a housing loan compounded monthly.
Simple Annuity
General Annuity
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
4. Monthly installment of a car with an interest rate that is compounded semi-
annually.
Simple Annuity
General Annuity
5.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
5. Daily payments of 54Php for 30 days with interest rate of 15% compounded
daily for one month.
Simple Annuity
General Annuity
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
6. Miriam borrowed money and promised to cancel her debt of 5 years by
paying P3, 500 at the end of each year with interest at 4% compounded annually.
Simple Annuity
General Annuity
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
7. Peter started to deposit P5, 000 monthly in a fund that pays 1%
compounded monthly. How much will be in the fund after 8 months?
Simple Annuity
General Annuity
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