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General Mathematics Quiz

Authored by Marjorie Abregana

Science

11th Grade

Used 1+ times

General Mathematics Quiz
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50 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which statement below best explains the difference between simple interest and compound interest?

Simple interest pays out less than compound interest.

Simple interest increases each year while compound interest remains constant.

Simple interest is calculated yearly, while compound interest is calculated only at the end of the investment period.

Simple interest is calculated using the principal only while compound interest is calculated using both the principal and total past interest.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Mara invested 10,000 in a bank account that offers 5% annual interest. She can choose between the following: Option A: Simple Interest for 3 years Option B: Compound Interest for 3 years, compounded annually. Which option will give her more interest, and by how much?

Compound Interest gives more interest by $76.25.

Simple Interest gives more interest by $76.25.

Compound Interest gives more interest by $500.

Simple Interest gives more interest by $500.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Suppose you wanted to invest money and you do not intend to withdraw it within two years, which bank offer would you prefer?

a bank with 2% compounded interest quarterly.

a bank with 3% compounded interest semi-annually.

a bank with 4% compounded interest per annum.

a bank with 5% simple interest per annum.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following descriptions of the debtor or borrower is correct?

It is an individual who invest the money or provides the funds.

It is the total sum borrowed or invested as of the date of origin.

It is an individual who obtains the funds from the lender or who owes the money.

It is the interest calculated using both the principal and the total accumulated previous interest.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the formula of finding the present value?

P = I/s rt

P = F/(1+r)^t

P = rt/I/s

P = F(1+r)^t

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How much is the present value?

₱20, 432.75

₱22, 307.15

₱23, 558.06

₱25,000.00

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How much is the interest after 3 years?

₱ 1,167.25

₱ 1,441.94

₱ 1,530.20

₱ 1,999.75

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