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WorksheetsModule 5 Exercise 1
Total questions: 10
Worksheet time: 8mins
What do you call the amount charged for the use of borrowed money?
(a)
What do you call the amount of an original investment?
(a)
How much interest does a Php10,000 investment earn at 5.6% over 18 years?
Php1,008,000
Php10,080
Php10,800
Php1080
Sanji borrows Php8650 to buy an airfryer at 4.5% interest. How much interest will she pay after 5 years?
Php194.63
Php19,462.50
Php1,946.25
Php194,625
What is the future value of PhP58,000 invested in 5yrs at a rate of 2.75%?
Php7,975
Php65,975
Php855,500
Php797,500
Zoro deposited Php15,000 in the bank for 12 months at 15% annually. How much interest did he get?
Php27,000
Php22,500
Php2,700
Php2,250
If Nico has Php550,000 now and wants to have Php675,000 in a year how much interest will he need to earn?
Php100,000
Php125,000
Php150,000
Php175,000
Chopper had Php60,000 invested at 3% interest. She earned Php4,500. How long was the money invested?
0.25 years
2 years
2.5 years
3 years
Luffy borrowed Php45,000 at a bank that offered him an interest of 2% annually. How long did Luffy keep the money if he owes the bank an interest of Php1,530?
1.7 years
1.47 years
17 years
14.7 years
Nami deposited $1000 in her dollar account for her college fund. How much will she have altogether after 18 yrs at 3.25%?
$2,000
$1,585
$415
$585
