Q2 GEN MATH SIMPLE AND COMPOUND INTEREST

• A
• B
• C
• D

If you invest ₱500 at an interest rate of 4% per year for 3 years, how much interest will you earn?

• A) ₱60
• B) ₱20
• C) ₱30
• D) ₱50

Which of the following variables does not affect simple interest?

• A) Principal
• B) Rate
• C) Time
• D) Compounding frequency

You lend ₱1,200 at a simple interest rate of 5% per year. How much will you receive after 4 years?

• A) ₱1,440
• B) ₱1,200
• C) ₱1,260
• D) ₱1,320

What is the maturity value after 5 years if you invest ₱800 at 6% per year?

• A) ₱1,000
• B) ₱1,080
• C) ₱1,040
• D) ₱1,280

If a loan of ₱2,000 is taken for 2 years at an interest rate of 7%, what is the total interest paid?

• A) ₱140
• B) ₱280
• C) ₱70
• D) ₱210

What will be the principal if the simple interest earned in 2 years at 8% per annum is ₱160?

• A) ₱1,000
• B) ₱800
• C) ₱600
• D) ₱200

An investment of ₱1,500 earns ₱120 in simple interest over 4 years. What is the annual interest rate?

• A) 1.5%
• B) 2%
• C) 3%
• D) 4%

If a person receives ₱300 in interest after 3 years from a ₱1,500 investment, what is the annual interest rate?

• A) 6.67%
• B) 0.7%
• C) 5%
• D) 8%

How long will it take for ₱600 to earn ₱90 in simple interest at an annual rate of 5%?

• A) 3 years
• B) 5 years
• C) 4 years
• D) 2 years