What is the correct definition of 'maturity value' in simple interest?

The total principal and interest owed at the end of the loan period

The amount of interest accrued over time

Which of the following best describes compound interest?

Interest is calculated on the initial principal and the accumulated interest.

Interest is calculated only on the initial principal amount.

Interest is not added to the principal during the loan period.

The interest is calculated based on the rate and time period only.

You invest P20,000 in two different accounts. Account A offers 5% simple interest annually, while Account B offers 5% compound interest, compounded annually. After 4 years, which account will yield the greater maturity value, and by how much?

Account B will yield a higher maturity value by P400

Account A will yield a higher maturity value by P200

Account B will yield a higher maturity value by P200

Account A will yield a higher maturity value by P400

Which of the following best describes an annuity?

A series of equal payments made at regular intervals over time.

A lump sum payment made at the beginning of a loan period.

A one-time investment earning interest.

A variable payment made annually.

In a simple annuity, the payments are made:

At both the beginning and end of each period.

Which of the following scenarios illustrates a general annuity?

A retirement plan where deposits are made monthly and withdrawals are made at the start of each year.

A car loan where payments are made at the end of each month for 5 years.

A life insurance policy with monthly premium payments and payouts at the end of each policy year.

A loan where the borrower makes equal annual payments at the beginning of each year for 10 years.

If you invest P5,000 in an annuity at 4% annual interest, compounded annually, which of the following statements is true?

The interest in a simple annuity is only calculated on the initial P5,000, not on any interest earned.

The interest in a compound annuity is calculated only on the P5,000, regardless of how much interest is earned.

The compound annuity will earn less interest than the simple annuity over time.

Both simple and compound annuities will accumulate the same amount of interest because the payments are made annually.

What is the present value of an annuity?

The value of all future payments if discounted to today's value thru interest rate.

The total payments made during the term of the annuity.

The principal amount invested in the account.

The amount after the interest is applied to the annuity.

A certificate representing partial ownership of a corporation.

A loan made by an investor to a corporation or government.

A fixed-income security issued by corporations or governments.

An agreement to repay borrowed money with interest.

Which of the following is true about bonds?

Bonds are a type of loan where the investor is the lender.

Bonds represent ownership in a corporation.

Bonds are issued only by private corporations.

Bonds offer variable interest payments depending on company profits.

Which of the following scenarios best illustrates the concept of owning a stock?

Juan buys shares in a company, giving him the right to vote at shareholder meetings and a portion of company profits.

Maria lends P50,000 to a company and receives annual interest payments.

Pedro invests in a government bond with a fixed interest rate for 10 years.

Anna deposits money into a savings account to earn interest.

What is the difference between stocks and bonds?

Stocks refers to the fractional ownership in the company while bonds are loans from individuals or company.

Stocks refers to the ownership in the company while bonds refers to the shares in the company.

Stocks is an interest bearing security which promises to pay an amount on a certain maturity date while bonds are shares in the ownership of the company.

Stocks have higher risks but with possibility of higher returns while Bonds have lower risk but with lower yield.

What happens to the value of a bond if market interest rates increase?

The bond's value remains constant.

The bond issuer must pay a higher interest rate.

How is a return on stocks typically earned?

By receiving dividends or selling the stock at a higher price.

By holding the stock until maturity.

Through interest payments at regular intervals.

By collecting repayment of the principal amount.

What is a consumer loan?

A loan provided to consumers for personal or household needs.

A loan used exclusively for buying stocks.

A loan given only to large corporations.

A loan that has no interest rate.

Which of the following is an example of a consumer loan?

A loan for buying machinery for a business.

A loan taken by a company for expansion.

A loan for purchasing inventory for a store.

What is not true about the business loans?

Some types of business loans are single payment loans, installment loans, secured and unsecured loan etc.

A business loan is a borrowed capital that companies applied towards expenses that they are unable to pay.

A business loan allows companies to have a chance of success.

A business loan is a debt that a company is obligated to repay according to the terms and conditions.

What is a consumer loan primarily used for?

Personal or household needs such as buying a car.

Expanding a factory's production capacity.

Which of the following scenarios best differentiates a business loan from a consumer loan?

Pedro borrows money to buy inventory for his store, while Ana borrows money to pay for a wedding.

Maria borrows money for a home renovation, while Carlos borrows money to purchase a car.

Joan uses a loan for her education, while Mark uses a loan to pay off his credit card debt.

Chris takes a loan for groceries, while Linda takes a loan to repair her house.

Maria needs to decide between two loan options: a 3-year business loan with a lower interest rate and a 5-year personal loan with higher total interest payments. Which factors should she prioritize in her decision?

The loan's purpose, repayment period, and total interest cost.

Only the total amount borrowed.

The bank's reputation, regardless of terms.

The amount of documentation required for approval.

What is the difference between simple and compound proposition?

Simple proposition conveys a single ideas while compound proposition conveys two or more ideas.

Simple proposition conveys two or more ideas while compound proposition conveys a single idea.

Simple proposition conveys no ideas while compound proposition conveys two or more ideas.

Simple proposition conveys a single idea while compound proposition conveys no idea.

Which of the following is an example of a simple proposition?

I will pass the exam or I will fail the exam.

Which of the following is a correctly formed compound proposition using conjunction?

"It is sunny, but the roads are wet."

"The apple is red if the tree is tall."

"The sky is blue, or the grass is green."

p: Today is Monday. q: I will go to school. r: I will listen to my teacher. s: I will sleep. Construct a compound proposition that represents a conditional relationship between p and q.

p→q (If today is Monday, then I will go to school.)

p∧q (Today is Monday, and I will go to school.)

q∨s (I will go to school, or I will sleep.)

p↔r (Today is Monday if and only if I will listen to my teacher.)

p: Today is Monday. q: I will go to school. r: I will listen to my teacher. s: I will sleep. Write the given compound statement of the ~p→~s.

If today is not Monday, then I will not go to sleep.

If today is Monday, then I will not go to sleep.

If today is not Monday, then I will go to sleep.

If today is Monday, then I will go to sleep.

General Mathematics Quiz Quiz

50 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the term for the interest that is computed on both the principal and the accumulated interest?

Principal

Interest

Simple

Compound

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If you deposit money into a savings account, the amount paid or earned for using that money is called:

Principal

Interest

Simple

Compound

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Miguel Llacuna wants to find the rate of her P5,000 savings account, earning a P700 interest in 2 years. Which of the following formulas is applicable to use?

I=Prt

P=I/rt

t=I/Pr

r=I/Pt

4.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

Which of the following describes the difference between simple interest and compound interest?

Simple interest is calculated on the original principal amount only.

Compound interest is calculated on the principal amount plus accumulated interest.

Both simple and compound interest are calculated on the principal only.

Compound interest is always lower than simple interest.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Mariel Beronio borrowed P1000 for 1 year at 12% simple interest. How much interest will she be charged?

P120

P240

P210

P1000

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the total interest paid if Cris Lawrence Manalon borrowed an amount of P25, 000 at 12% simple interest for 5 years?

P25, 000

P40, 000

P15, 000

P3, 000

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the amount of the maturity value if Cris Lawrence Manalon borrowed an amount of P25, 000 at 12% simple interest for 5 years.?

P25, 000

P40, 000

P15, 000

P3, 000

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General Mathematics Quiz

What is the term for the interest that is computed on both the principal and the accumulated interest?

If you deposit money into a savings account, the amount paid or earned for using that money is called:

Miguel Llacuna wants to find the rate of her P5,000 savings account, earning a P700 interest in 2 years. Which of the following formulas is applicable to use?

Which of the following describes the difference between simple interest and compound interest?

Mariel Beronio borrowed P1000 for 1 year at 12% simple interest. How much interest will she be charged?

What is the total interest paid if Cris Lawrence Manalon borrowed an amount of P25, 000 at 12% simple interest for 5 years?

What is the amount of the maturity value if Cris Lawrence Manalon borrowed an amount of P25, 000 at 12% simple interest for 5 years.?

What is the correct definition of 'maturity value' in simple interest?

It is the interest that is computed on the principal and also on the accumulated past interest. What type of interest is this?

What is the compounding period of the interest compounded semi-monthly?

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