GEN MATH

Which interest is computed on the principal and then added to it?

• simple interest

• compound interest

• amortization schedule

• annuity

Which of the following is the SIMPLE INTEREST formula?

• I_S = Prt

• I_S = Pt

• I_S = Pr

• I_s = rt

Which of the following is the COMPOUND INTEREST formula?

• A = Pr^t

• A = r (P + r)^t

• A = 1 + Pr^t

• A = P (1 + r)^t

An interest that is computed on the principal. The interest

remains constant throughout the term.

• Compound interest

• Annuity interest

• Simple interest

• Borrower's interes

The amount of money borrowed or invested on the origin date.

• Borrower

• Principal

• Lender

• Interest

The amount paid or earned for the use of money.

• Borrower

• Principal

• Lender

• Interest

The amount after t years that the lender

receives from the borrower on the maturity date.

• Maturity Value

• Principal Value

• Simple Interest

• Compound Interest

Compound interest is favorable to the following EXCEPT ________.

• investor of a retirement fund

• person who saves in bank

• investor of stocks

• borrower of a loan

Given that P = ₱15,250, r = 3.25% and t= 3 years, find the simple interest.

• ₱24,868.80

• ₱14,868.80

• ₱1,486.88

• ₱148.69

Given that F = ₱50,000 and P = ₱35,000 how much is the compound interest?

• ₱15, 000

• ₱25,000

• ₱35,000

• ₱45,000