math simple interest and statistics

What is the formula for simple interest?

• A = P(1 + rt)

• I = PRT

• A = P(1 + r/n)^(nt)

• I = P(1 + rt)

Find the simple interest on ₱8,000 for 4 years at 5% per year.

• ₱1,600

• ₱2,000

• ₱2,400

• ₱3,000

A principal of ₱12,000 earns ₱3,600 simple interest in 6 years. What is the rate?

• 4%

• 5%

• 6%

• 7%

What is the compound interest formula?

• A = P(1 + r/n)^(nt)

• A = P(1 + rt)

• I = PRT

• A = P + Prt

Find the compound interest on ₱10,000 for 3 years at 6% compounded annually.

• ₱1,800

• ₱1,910

• ₱1,928.36

• ₱2,000

What will ₱15,000 become in 4 years at 5% compounded annually?

• ₱18,225

• ₱18,500

• ₱18,800

• ₱19,000

What is the future value of ₱20,000 after 2 years at 4% simple interest?

• ₱22,000

• ₱22,400

• ₱23,000

• ₱23,200

A sum of money triples in 10 years at compound interest. What is the approximate annual rate?

• 9%

• 11%

• 12%

• 14%

The difference between simple and compound interest over 2 years on ₱5,000 at 5% per year is:

• ₱6.25

• ₱12.50

• ₱15.00

• ₱18.75

If you deposit ₱50,000 in a bank offering 6% annual compound interest, how much will you have after 5 years?

• ₱63,250

• ₱63,525

• ₱63,600

• ₱63,750