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Worksheet no.4 General Mathematics - Second Quarter

Total questions: 25

Worksheet time: 42mins

Name
Class
Date
1.

Emily borrows P1835.00 from a bank with 13% simple interest per year. How much will he have to pay back total in 2 years?

a)

P477.10

b)

P192.00

c)

P1935.00

d)

P2312.10

2.

Principal = P875

Interest rate =3%

Time = 4 years

What is the interest earned?

a)

95

b)

105

c)

125

d)

135

3.

Dan borrowed P3,580 for 3 months at 9% annual simple interest rate. How much interest is that?

a)

P50.66

b)

P80.55

c)

P 966.60

d)

P 9,666.00

4.

Jon borrowed P9,000 for 3years and had to pay P2,850 simple interest at the end of that time. What rate of interest did she pay?

a)

10%

b)

10.6%

c)

11%

d)

10.56%

5.
The simple interest formula is I=Prt.  What does the t represent?
a)
Principle
b)
Interest
c)
Time, in hours
d)
Time, in years
6.

Write the decimal as a percent.

0.007

a)

7%

b)

0.7%

c)

.07%

d)

0.007%

7.
Convert 18 months to years. 
a)
18 Years
b)
1.5 Years
c)
.18 Years
d)
You cannot change it to years.
8.

What does the "I" in the interest formula stand for?

a)

Important

b)

Interest

c)

Internet

d)

Intirest

9.
Write the percent as a decimal. 
4.3%
a)
4.3
b)
.43
c)
.043
d)
4300
10.

Principal = P14500

Interest rate =3.2%

Time = 3 years

What is the interest earned?

a)

132

b)

139

c)

125

d)

1392

11.

Principal = P900

Interest Rate = 4.5%

Time = 3 years

Find the interest earned.

a)

110

b)

111.5

c)

121.5

d)

131.5

12.
What does the "p" in the interest formula stand for?
a)
Principal
b)
Interest
c)
rate
d)
time
13.
What does the "r" in the interest formula stand for?
a)
Principal
b)
Interest
c)
rate
d)
time
14.

John put 16,000 Euros in an account at a simple interest rate of 2% per year. How much interest will he get after 9 years?

a)

288 000 Euros

b)

28,800 Euros

c)

2,880 Euros

d)

288 Euros

15.

Maria borrowed P5,000 at a simple interest rate of 3.5% per year. How much did she have to repay after 4 years?

a)

P70

b)

P700

c)

P7 000

d)

P70,000

16.

Principal = 1000

Interest Rate = 3.5%

Interest = 230

Find the time..

a)

6.5 years

b)

5.5 years

c)

4.5 years

d)

3.5 years

17.

Starting money = 350.

Interest rate = 2.5%

TIme = 3 years.

How much interest?

a)

7.50

b)

26.25

c)

87.5

d)

63.75

18.

Allison was left an inheritance from her Aunt Lisa. She can not touch the money until she is 21 years old, Allison is now 12 years old and inherited P50,000 that was put into an account with 2% interest. How much interest will Allison have earned at her 21st birthday?

a)

P900

b)

P100,000

c)

P9,000

d)

90,000

19.

You borrowed 43,800 at a SIMPLE interest rate of 4.8%. If you pay it back in 2 years, how much interest is paid pack?

a)

P464,280

b)

P85,848

c)

P4204.8

d)

P48,004.80

20.

Starting money = P4550.

Interest rate = 4.5%

TIme = 2 years.

How much interest?

a)

P10.50

b)

P40.25

c)

P187.5

d)

P409.50

21.

Calculate the interest. I = PRT,

Principal = $1000,

Rate = 6%,

Time = 2 years

a)

$100

b)

$120

c)

$180

d)

1200

22.
Calculate the interest.  I = PRT,
Principal = $10000,
Rate = 7%,
Time = 20 years

a)
1400
b)
1000
c)
14000
d)
14
23.
Ann puts $300 in a bank account earning 4% interest.  How much will she earn in interest in 1 year?
a)
4
b)
8
c)
12
d)
16
24.

Principal = P800

Interest Rate = 3.5%

Time = 6 months

Find the interest earned.

a)

14

b)

140

c)

168

d)

16.80

25.

Solve for the present value (P) given the following:

r= 12 %

t=5 years

I= 20,000

a)

35,555

b)

33,333

c)

36,6666

d)

38,888