
Interest Calculation Quiz
Quiz
•
Mathematics
•
11th Grade
•
Practice Problem
•
Hard
Loe Orapa
FREE Resource
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25 questions
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1.
OPEN ENDED QUESTION
15 mins • 5 pts
Maria invests ₱10,000 in a savings account that offers an interest rate of 5% per year. How much interest will she earn after 3 years?
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2.
OPEN ENDED QUESTION
15 mins • 5 pts
Juan borrows ₱50,000 from a bank at a 7% annual interest rate. How much interest will he have to pay after 5 years?
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3.
OPEN ENDED QUESTION
15 mins • 5 pts
If a company deposits ₱100,000 into an account that earns 4% compounded annually, what will be the value of the investment after 6 years?
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4.
OPEN ENDED QUESTION
15 mins • 5 pts
A school saves ₱75,000 in a fund that offers an interest rate of 3% compounded quarterly. How much will the fund be worth after 2 years?
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5.
OPEN ENDED QUESTION
15 mins • 5 pts
How much should Anna deposit in a bank now if she wants to have ₱150,000 after 10 years, with an interest rate of 6% compounded semi-annually?
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6.
OPEN ENDED QUESTION
15 mins • 5 pts
Pedro loans ₱20,000 at a 6% interest rate, with the loan to be paid off after 150 days. Using ordinary interest (360 days), how much interest does he owe?
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7.
OPEN ENDED QUESTION
15 mins • 5 pts
Lucia borrows ₱30,000 for 200 days at a 5% annual interest rate. Using exact interest (365 days), how much interest will she pay?
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OFF
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