Which of the following statements is true about simple and compound interest

Simple Interest remains constant throughout the investment term, and compound interest grows every year.

Compound Interest remains constant throughout the investment term, and simple interest grows every year.

In Compound Interest the previous interest also earns interest, and simple interest grows every year.

In Simple interest the previous interest also earns interest, and compound interest grows every year.

Mr. Garay paid ₱150,000 as a down payment for a car. The remaining amount is to be settled by paying ₱14,500 monthly for 5 years. The interest is 10% compounded monthly. Create an algebraic model on how to calculate the cash price of the car.

14 500 $$\frac{1-\left(1+\frac{0.10}{12}\right)^{-60}}{\frac{0.10}{12}}$$ +150000

14 500 $$\frac{\left(1-\frac{0.10}{12}\right)^{60}+1}{\frac{0.10}{12}}$$

14 500 $$\frac{\left(1+\frac{0.10}{12}\right)^{60}-1}{\frac{0.10}{12}}$$ +150000

14 500 $$\frac{1-\left(1+\frac{0.10}{12}\right)^{-60}}{\frac{0.10}{12}}$$

Mr. Garay paid ₱150,000 as a down payment for a car. The remaining amount is to be settled by paying ₱14,500 monthly for 5 years. The interest is 10% compounded monthly. Which of the following statements is correct?

The problem illustrates simple annuity because the interest period and payment interval are equal.

The problem illustrates simple annuity because the interest period and regular payment are equal.

The problem illustrates general annuity because the interest period and payment interval are not equal.

The problem illustrates general annuity because the interest period and regular payment are not equal.

A television (TV) is for sale at ₱13 499 in cash or in installment terms, ₱2 500 each month for the next 6 months at 9 % compounded monthly. If you were the buyer and considering that you have the cash on hand, what mode of payment will you choose?

I will buy in cash since the cash price is ₱13 499 only compared to installment with cash value ₱14 613.99

I will buy in cash since the cash price is ₱13 499 only compared to installment with cash value ₱15 000

I will buy via installment since the cash price is ₱13 499 compared to installment with cash value only ₱12 952.47

I will buy via installment since the cash price is ₱13 499 compared to installment with cash value only ₱11 754.63

Which of the following conditions is true about Price of a Bond and Face Value?

If P > F, the bond is purchased at premium

If P = F, the bond is purchased at discount

Stock market is the place to buy and sell stocks which is governed by ________.

Philippine Deposit Insurance Corporation

Which of the following statements is true about business loan?

The term for business loan is generally shorter than consumer loans.

Business loans do not usually require guarantors.

Business loans are given to individual for personal use.

The rate for business loan is usually lower than consumer loan.

General Mathematics Unit Test

Quiz

•

Mathematics

•

11th Grade

•

Practice Problem

•

Hard

janpol gonzales

Used 6+ times

FREE Resource

50 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following represents an exponential inequality?

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following can be classified as neither an exponential function nor an exponential equation?

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a logarithmic equation?

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

1

2

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General Mathematics Unit Test

50 questions

Which of the following represents an exponential inequality?

Which of the following can be classified as neither an exponential function nor an exponential equation?

Which of the following is NOT a logarithmic equation?

The amount of money borrowed or invested on the origin date.

A type of interest that is computed on the principal and on the accumulated past interests.

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