Mathematics of Finance

It is the amount of money borrowed or placed into a savngs account

• Interest

• Future Value

• Principal

• Discount

A price reduction from the original selling price of a service or a merchandise.

• Cost
• Markdown
• Markup
• Selling price

It is the price of acquisition or amount incurred by the seller or retailer for a certain product/s or services for his/ her shop or store.

• Cost
• Mark up
• Selling price
• Markdown

What type of discount is offered to a customer in return for paying a bill owed before the scheduled due date?

• Cash discount
• Series discount
• Single discount
• Trade discount

Maria paid ₱4,221.00 pesos for a washing machine. She was given a cash discount of amounting to ₱279.00. What is the rate of discount?

• 0.053
• 0.054
• 0.062
• 0.085
• None

Student C saved ₱124.00 pesos after taking advantage of a 4% cash discounts on an invoice. Determine the amount of invoice mentioned?

• 2500
• 3100
• 4300
• 5300
• None

The full amount of the purchase is ₱480.00 pesos. If a cash discount of 10% is allowed, find the amount of the cash discount.

• 38
• 48
• 58
• 68
• None

The exact interest is computed in a _____ days in a year as a time factor

It is the fee charged for the use of money.

What is the simple interest for a loan of P3,600 for 3 years at a rate of 8% per year?