Quiz | Mathematics of Finance

What is the interest on ₱10,000 at 6% simple interest for 2 years?

• ₱600

• ₱1,200

• ₱1,000

• ₱1,100

Find the total amount after 3 years if ₱15,000 is invested at 8% simple interest.

• ₱17,800

• ₱18,600

• ₱18,000

• ₱18,200

₱12,000 earns ₱1,440 simple interest at 6% per annum. Find the time.

• 1 year

• 2 years

• 3 years

• 4 years

₱20,000 is borrowed at 10% simple interest. How much will be paid after 18 months?

• ₱21,500

• ₱23,000

• ₱23,500

If ₱8,000 is invested at 12% compounded annually for 2 years, what is the amount?

• ₱8,960

• ₱9,984

• ₱10,048

• ₱10,050

₱5,000 invested at 10% compounded annually for 3 years will grow to:

• ₱6,655

• ₱6,000

• ₱6,500

• ₱6,700

₱10,000 compounded quarterly at 8% for 2 years yields:

• ₱11,648

• ₱11,500

• ₱11,700

• ₱11,800

Find the compound interest on ₱7,000 at 9% compounded annually for 3 years.

• ₱1,850

• ₱1,980

• ₱2,067

₱5,000 is invested at 12% compounded monthly for 2 years.

• ₱6,000

• ₱6,341

• ₱6,200

• ₱6,500

Find the compound interest when ₱12,000 is invested at 8% compounded semi-annually for 3 years.

• ₱3,012

• ₱3,089

• ₱3,072

• ₱3,200