CUETO-SIMPLE AND COMPOUND INTEREST

1. 1. The original amount borrowed or invested, not including interest.

• principal value

• maturity value

• term

• loan date

2. 2. The total value of money at a specific future date after adding interest.

• interest

• maturity value

• present value

• compound interest

3. 3. What term describes Josh if he borrows Php 25,000.00 from his father to buy a phone?

• interest

• debtor

• creditor

• principal

4. 4. The total value of money at a specific future date after adding interest?

• principal value

• interest period

• maturity value

• simple interest

5. 5. What do you call someone who provides loan or credit?

• creditor

• borrower

• loan

• institution

6. 6. Interest that is computed on the principal or is added to it?

• compound interest

• maturity value

• principal value

• simple interest

7. 7. Marty deposits P70,000.00 in a bank that pays 12% simple interest annually. How much will his money be after 5 years?

• Php70 000.00

• Php75 000.00

• Php 112 000.00

• Php123 363. 92

8. 8. Neil deposits P200,000 at 5% compound interest per year. It is compounded monthly. In 3 years, how much interest has grown in Neil’s deposit?

• Php 232 294.45

• Php 32 294.45

• Php 200 000.00

• Php 167 705.55