Second Quarterly Reviewer

If Mr. Dimaano applies for a loan of P200,000 in a bank at interest rate of 7 %, how much will be the interest if he will pay it in 3 years?

• Php 420

• Php 4 200

• Php 42 000

• Php 420 000

If an entrepreneur applies for a loan amounting to P500,000 in a bank, the simple interest of which is P157,500 for 3 years, what interest rate is being charged?

• 9%

• 9.5%

• 10%

• 10.5%

Which is the principal (P) in the given problem?

• P1,000,000

• P100,000

• 4 %

• 1 year

How much interest (I) will the money earn after 1 year?

• 10,000

• 20,000

• 30,000

• 40,000

How much is the future value?

• 1,010,000

• 1,020,000

• 1,030,000

• 1,040,000

What is the frequency of conversion if the annual rate is compounded quarterly?

• 2

• 3

• 4

• 12

Joshua borrowed Php 300 000 at 2 % compounded annually, how much is the future value after 2 years?

• Php10 000

• Php12 120

• Php13 200

• Php312 120

If the future value is 25,000 and the principal is 20,000, how much is the compound interest?

• Php45 000

• Php25 000

• Php20 000

• Php5 000

Bea borrowed money from a bank at the rate of 1.5 % compounded semi-annually. If the amount borrowed is Php 100 000, how much interest will she need to pay at the end of 5 years?

• Php5 000

• Php5 780

• Php7 758.25

• Php15,000

Based on problem number 9, how much is the maturity value?

• Php105 000

• Php105 780.24

• Php107 758.25

• Php 115 000