General Mathematics 11 Quiz

The amount borrowed or invested is called:

• Rate

• Principal

• Interest

• Maturity Value

Who is the person or institution that invests the money or makes the funds available?

• Borrower

• Creditor

• Debtor

• Maturity

The person who lends money is called:

• Borrower

• Debtor

• Creditor

• Investor

Annual rate expressed as a percentage is called:

• Principal

• Interest

• Rate

• Time

What is the term for the amount after t years the lender receives?

• Maturity Value

• Principal

• Simple Interest

• Compound Interest

The date on which the money is received by the borrower is called:

• Maturity Date

• Origin Date

• Repayment Date

• Conversion Period

The amount paid or earned for the use of money is known as:

• Principal

• Rate

• Interest

• Time

If the simple interest is ₱600, the principal is ₱5,000, and the rate is 6%, what is the time?

• 2 years

• 3 years

• 4 years

• 5 years

What do you call the annual rate, usually in percent, charged by the lender?

• Principal

• Interest

• Rate

• Term

What is the principal if ₱800 interest is earned at a 5% rate over 4 years?

• ₱2,500

• ₱4,000

• ₱5,000

• ₱8,000