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WorksheetsDiscussion 2.1
Total questions: 10
Worksheet time: 5mins
A Mathematics that teach people about money and provide them with the tools they need to make informed financial decisions
Algebra
Business Mathematics
Geometry
Trigonometry
It is the payment for the use of someone’s money for a specified length of time.
principal amount
rate
interest
future value
It is an interest that is calculated on the principal, or original, amount of a loan.
Simple
Compound
Complex
Basic
It is an interest that is calculated on the principal amount and also on the accumulated interest of previous periods, and can thus be regarded as "interest on interest".
Simple
Compound
Complex
Basic
It is the money loaned or invested.
Interest
Rate
Term
Principal Amount
It is the percent of the principal paid for the use of the money.
Interest
Rate
Term
Principal Amount
It is the length of time over which the principal is used, expressed in year/s.
Interest
Rate
Term
Future Value
It is the sum of the principal and interest.
Principal Amount
Rate
Term
Future Value
.
If you will avail a loan worth P10000 for 5 years with an interest rate of 3%, what will be your total loan payment after the given term.
P2500
P10000
P12000
P12500
If you will save your P50000 in a bank with a simple interest rate of 3% annually, how much will your bank account worth after 10 years?
P15000
P50000
P65000
P150000
