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WorksheetsBM Topic 1 Quiz
Total questions: 20
Worksheet time: 12mins
The date on which money is received by the borrower
Origin or Loan Date
Time
Repayment Date or Maturity Date
Annually
The amount of money borrowed or invested on the origin date.
Principal (P)
Simple Interest
Interest (I)
Maturity Value or Future Value
Amount paid or earned for the use of money
Coupon
Simple Interest
Interest (I)
Compound Interest
Interest is computed on the principal and then added to it.
Coupon
Simple Interest
Interest (I)
Compound Interest
Interest is computed on the principal and also on the accumulated past interests.
Interest
Simple Interest
Compound Interest
Total Amount
The annual rate, usually in percent, charged by the lender, or rate of increase of the investment
Principal (P)
Rate (r)
Interest (I)
Maturity Value or Future Value (F)
A bank offers a 0.25% annual simple interest rate for a particular deposit. After a year RM2,500 will be earned from RM1 million deposited. What is the interest?
2450
5050
2500
4500
A bank offers a 0.25% annual simple interest rate for a particular deposit. After a year RM2,500 will be earned from RM1 million deposited. What is the principal amount?
1 Million
2 Million
500k
3 Million
A bank offers a 0.25% annual simple interest rate for a particular deposit. After a year RM2,500 will be earned from RM1 million deposited. How many years it takes to earn an interest of RM2,500 .
2 Years
3 Years
5 Years
1 Years
How long will RM1 Million earn a simple interest of 100,000 at 1% per annum?
10 Years
11 Years
6 Years
12 Years
Mr. Supi aims to have his investment grow to RM500,000 in 4 years. how much should he invest in an account that pays 5% compounded annually?
411,351.24
607,753.13
745,212.90
554,567.89
Accumulated amount is refer to
Interest and Principal
Total Interest
Total Principal
Interest plus Principal
Mortgage loan is known as
Car Loan
Property Loan
Personal Loan
Credit card
FD uses what method to calculate the interest
Compund Interest
Simple Interest
Simple and Compund
Reducing Balance
Which method will give you more interest?
Reducing Balance
Simple interest
Compund Interest
Mortgage
Do simple interest will give low interest?
Yes
No
RM12500 received in long term investment for 10years at 4.57% using compounding method what will be amount invested?
23,189.50
35,500
22,186.59
30,457.89
Which method bank will use to calculate the interest?
Simple Interest and reducing balance
Compound Interest
Reducing Balance and Compound
Simple & Compund Interest and reducing balance
Who is the most handsome lecturer in the college?
Mr Suppiah
Mr Raj
Invest Rm50500 in a fixed deposit for 5 years to earn Rm8000 what will be the rate of return?
4%
5.56%
3.12%
3.17%
