SIMPLE AND COMPOUND
Authored by Paula Castro
Business
2nd Grade
Used 3+ times
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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following formula can be used to solve for the simple interest?
I = Prt
SI = Prt/100
A= P(1 + rt)
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In the equation I = Prt, what does r represent?
Interest
Maturity value
Principal
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the value of 0.008 when expressed in percent?
0.8%
1.8%
8%
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What interest remains constant throughout the investment term?
simple
compound
annutity due
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In the formula, I= Prt, what is r?
revenue
real value
rate of interest
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