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University

5 Qs

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Assessment

Quiz

Mathematics

University

Practice Problem

Hard

Created by

Cristine Valdez

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

1.      Alex wants to save ₱2,000,000 in 6 years and 3 months. If the bank’s interest rate is 10% compounded semi-annually, how much should he deposit today?

₱1,500,000.00

₱84,090,670.55

₱10,863,835.356

₱1,116,140.67

₱2,544,524.05

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

2.    Jenna wants ₱800,000 in 4 years and 6 months. The bank offers an interest rate of 8% compounded quarterly. How much should she deposit now?

₱600,000.00

₱563,987.99

₱573,444.77

₱560,127.5

₱650,000.25

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

  1.    Accumulate ₱50,000 for 6 years and 5 months at 9% compounded continuously.

₱15,450.25

₱40,654.58

₱25,090.78

₱63,094.77

₱89078.95

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

4.     Find the present value of ₱150,000 due in 5 years and 8 months if the interest rate is 7.5% compounded continuously.

₱98,065.47

₱95,078.59

₱130,500.75

₱16,875.94

76.984,09

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

5..      Accumulate ₱75,000 for 10 years and 2 months at 12% interest compounded continuously.

₱254,039.08

₱16,987.87

₱350,990.00

₱104,876.88

₱156,789.10