WorksheetsGeneral Mathematics - Business Math
Total questions: 10
Worksheet time: 9mins
It is an amount after t years that the lender receives from the borrower on the maturity date.
loan date
maturity date
maturity value
term
It refers to an interest that is computed based on the principal and interest accumulated every conversion period.
Simple
Compound
Annuity Due
Ordinary Annuity
Which of the following statement is true about the borrower or debtor?
It is the amount of money borrowed or invested on the origin date.
It is the interest computed on the principal and also on the accumulated past interests
It refers to the person (or institution) who owes the money or avails of the fund from the lender.
It refers to the person (or institution) who invests the money or makes the funds available.
A person (or institution) who invests the money or makes the funds available.
Lender
Creditor
Both a and b
None of the choices.
Tell whether the given situation shows SIMPLE or COMPOUND interest.
Nathan deposits Php 55,000.00 in a bank. The bank paid him an interest of 3% (or P1,650.00) annually. After a year, he got back an amount of Php 56,650.
Simple
Compound
Tell whether the given situation shows SIMPLE or COMPOUND interest.
Diego borrowed P10,000 from a lending institution at an annual rate of 6%. He paid a total interest of P2,400 in 4 years.
Simple
Compound
Tell whether the given situation shows SIMPLE or COMPOUND interest.
Sara deposited in her bank account P50,000 at an annual interest rate of 1% compounded yearly. She earned an interest of P2,550.50 after 5 years.
Simple
Compound
Tell whether the given situation shows SIMPLE or COMPOUND interest.
Sandy invested P24,000 in a stock portfolio that earns 7% interest per month. She earned P16,800 after the first month and P17,976 after the second month, for a total of P34,776 for 2 months.
Simple
Compound
Variable P in simple interest formula when you are the creditor stands for?
Original Amount borrowed
Original Amount invested
Maturity Amount Borrowed
Maturity Amount invested
Compound interest is favorable to the following except?
investor of a retirement fund
person who saves in bank
investor of stocks
borrower of a loan
