What happen to the interest of the investment if the interest rate becomes simple interest?

The interest decreases slightly.

The interest doubles after one year.

The interest increases exponentially.

Which of the following statements is TRUE regarding simple interest?

The interest earned is constant each year.

The interest earned increases over time.

The principal amount decreases each year.

The interest is calculated on the total amount after each year.

What is the BEST definition of a borrower or debtor?

It refers to the person or institution who owes the money or avails of the fund from the lender.

It is the amount of money borrowed or invested on the origin date.

It is the interest computed on the principal and also on the accumulated past interests.

It refers to the person or institution who invests the money or makes the funds available.

Which of the following statements about compound interest is TRUE?

Compound interest can result in exponential growth over time.

Compound interest is always less than simple interest.

Compound interest is calculated only on the initial principal.

Compound interest does not depend on the frequency of compounding.

What is the difference between simple and compound interest?

Simple interest is computed based on the principal while compound interest is computed based on the principal and also on the accumulated past interests.

Simple yields higher interest than compound interest.

Simple interest is always better than compound interest.

Simple interest has a shorter term than compound interest.

Which of the following will yield a higher interest?

Investing in a cooperative that offers an interest rate of 10% compounding annually for 2 years

Investing in a bank that offers a simple interest rate of 10% annually for 2 years

Saving money in a piggy bank for 2 years

Why do people buy stocks?

The government encourages them to buy stock.

They are guaranteed interest payment each year.

Why would someone choose to put money in stocks as opposed to a savings account that earns interest?

There is a potential to earn more money in the stock market.

They are guaranteed a return in stocks.

They are guaranteed a return in a savings account.

There is a potential to earn more money in the savings account.

Which statement will you use if you want to help your friend understand about the interest rate of business and consumer loans?

The business loan has a higher interest than a consumer loan.

The business loan has no interest rate, unlike consumer loan.

Consumer and business loans are always equal in interest rates.

Consumer loan has a higher interest rate rather than a business loan.

Which of the following situations represents general annuity?

Php 1, 500.00 deposited every month for 15 years at 10% per year compounded annually

Php 1, 500.00 deposited every month for 15 years at 10% per year compounded monthly

Php 1, 500.00 deposited every three months for 15 years at 10% per year compounded quarterly

Php 1, 500.00 deposited every six months for 15 years at 10% per year compounded semi-annually

General Mathematics Quiz

Authored by Aimie Alcantara

Mathematics

11th Grade

Used 16+ times

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23 questions

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MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following refers to the interest computed based on the principal amount?

Compound Interest

Maturity Value

Present Value

Simple Interest

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which is NOT needed in solving simple interest?

Future value

Principal amount

Rate of interest

Time

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following formula can be used to solve for the simple interest?

I=Prt

I=Pnt

I=Pmt

t=IPr

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following refers to the time between the first payment interval and last payment interval?

Payment Interval

Periodic Payment

Present Value

Term of an Annuity

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following refers to the annuity that do not begin until a given time interval has passed or there is a time of delay in the payment?

Contingent Annuity

Deferred Annuity

General Annuity

Simple Annuity

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What do you call the time between the purchase of an annuity and the start of the payments for the deferred annuity?

Conversion Period

Payment interval

Period of Deferral

Term of Annuity

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of stock is being defined when the stockholders get first choice in distributed profits?

Common stock

Face value stock

Preferred stock

Stock market

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General Mathematics Quiz

Which of the following refers to the interest computed based on the principal amount?

Which is NOT needed in solving simple interest?

Which of the following formula can be used to solve for the simple interest?

Which of the following refers to the time between the first payment interval and last payment interval?

Which of the following refers to the annuity that do not begin until a given time interval has passed or there is a time of delay in the payment?

What do you call the time between the purchase of an annuity and the start of the payments for the deferred annuity?

What type of stock is being defined when the stockholders get first choice in distributed profits?

Which financial assets carries the MOST risk?

What do you call the loan that intends to spend for personal, family or household purposes?

Which of the following is being referred as the loan that is usually made to fund a company's operating expenses and other financial needs?

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