WorksheetsChapter 2: Consumer Mathematics (Concepts)
Total questions: 7
Worksheet time: 80secs
What is the formula for calculating simple interest?
I=P+r+t
I=P×r×t
I=P÷r+t
I=P×(1+r)t
In compound interest, interest is calculated on which of the following?
Only the initial principal amount
Only the interest earned
The initial principal and accumulated interest
Only the time period
If you invest Php10,000 at 5% simple interest, how much will you earn per year, every year?
500
50
1000
100
What is the average daily balance?
The balance at the beginning of each month
The balance at the end of each month
The sum of the balances at the end of each day divided by the number of days
The total balance over a year divided by 365
Which of the following is NOT true about Money Market?
Lower minimum balance requirements
Pays higher interest
Higher minimum balance requirements
Limits withdrawals per month
What does a stock represent?
A loan to the company
Fixed interest payment
A government bond
Ownership in a company
Bonds are primarily known for:
Providing ownership in a company
High-risk investments
High potential for capital appreciation
Fixed interest payments and lower return of principal
