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WorksheetsEECOL30_OMDE
Total questions: 45
Worksheet time: 48mins
Find the Exact time from 27 Oct 2020 to 12 Dec 2020.
44 days
45 days
46 days
47 days
Given
P is the principal of investment,
r is the interest rate per annum,
t is the investment period,
What is the formula for maturity value of the investment?
I=Prt
S=Prt
S=P(1−rt)
S=P(1+rt)
Ali saved RM1,000 on 1 Feb 2020 which is offered 5.5% simple interest rate for 45 days. Calculate the interest earned (Exact time and ordinary simple interest).
RM2475
RM6.88
RM6.78
RM6.76
Amil deposited RM1400 which offered 5% simple interest rate per annum for 5 years 9 months. State the period in years
5.9
5.75
RM1400
5%
Given the maturity date of an investment is 24 June 2020. Find the date of saving if saving period is 60 days.
24 April 2020
25 April 2020
26 April 2020
27 April 2020
What is the simple interest on a housing loan of P350,000, over 30 years with a rate of 4.5%?
P350,00
P47,250
P350,000
P472,500
What does the T in I =PRT means?
time
kind of loan
temperature
multiplication
You take out a car loan. How much will you pay in total for the car, if your loan is for $8000, at a rate of 5% interest, over 3 years?
P1,200
P120
P920
P9,200
What is the interest on a savings account at a rate of 2%, given a starting amount of P575, over 1 year's time?
P115
P586.50
P11.50
P1.50
Emilio borrows P1,200 from a bank at a rate of 8% per year. How much will he have to pay back in total after 2 years?
P150
P192
P1350
P1392
This is an interest resulting from the periodic addition of simple interest to the principal amount.
simple interest
interest in advance
compound interest
When interest is compounded quarterly, then how many times is interest compounded in a year?
four times
three times
two times
If interest is compounded semiannually for 5 years, then what is the total number of conversion period?
60
12
10
What do you call the interest rate when compounded annually?
nominal
ordinal
effective
What is the formula in finding the compound amount?
Fc=P(1+mr)tm
Fc=P(1+rm)tm
Fc=P(1+mr)t
The periodic rate can be computed using the formula
rm
r+m
mr
You deposit $2,500 in a savings account.
What is the difference in the amount of interest that will be paid in each situation?
Option A) Interest rate of 8.25% simple interest for 2 years
Option B) Interest rate of 6.5% compounded annually for 2 years
$769.40
$335.56
$76.94
$68.52
The amount of property in which a willing buyer to a willing seller for the property when neither one is under the compulsion to buy nor to sell is called ______.
Fair value
Market value
Good will value
Book value
In computing depreciation of an equipment. which of the following represents the first cost? A. The original purchase price and freight charges
Installation expenses
Initial taxes and permit fees
The original purchase price and freight charges
All of these
The process of determining the value or worth of a physical property for specific reason is called
Investment
Valuation
Economy
Depletion
The unrecovered depreciation which results due to poor estimates as to the life of the equipment is called _____ .
Sunk cost
Economic life
In-place value
Annuity
What refers to the present worth of cost associated with an asset for an infinite period of time?
Annual cost
Increment cost
Capitalized cost
Operating cost
Capitalized cost of a project is also known as ______. .
Infinite cost
Life cycle cost
Life cost
Project cost
A form of business organization in which a person conducts his business alone and entirely for his own profit. being solely responsible for all its activities and liabilities.
Sole proprietorship
Entrepreneurship
Partnership
Corporation
What is the simplest form of business organization?
Sole proprietorship
Partnership
Enterprise
Corporation
Double taxation is a disadvantage of which business organization?
Sole proprietorship
Partnership
Corporation
Enterprise
Which is true about partnership?
It has a perpetual life.
It will be dissolved if one of the partners ceases to be connected with the partnership.
It can be handed down from one generation of partners to another.
Its capitalization must be equal for each partner.
When is payment made on an annuity due?
Beginning of the Period
Middle of the period
First 3 days of the period
End of the period
When is payment made on an ordinary annuity?
Beginning of the period
Middle of the period
First 3 days of the period
End of the period
What is the main difference between an annuity and a compound interest investment?
A series of payments is made for annuities.
Compound interest investments are for a shorter time period.
The cash value of annuities can be figured using the compound interest table.
Annuities involve a series of payments of usually differing amounts, whereas compound investments involve regular contributions of equal amounts.
_________ is concerned with creating an estate, whereas ________ are concerned with liquidating an estate
Annuities, insurance
Perpetuities, annuities
Insurance, perpetuties
Insurance, annuities
The principal reason for investing in annuities is:
to create an estate
as a retirement tool
to leave an inheritance
All of the choices
Before the payout period begins, the annuity is in the
Premium phase
Collection phase
Accumulation phase
None of the choices
It is a series of payments usually equal, made at equal intervals of time.
sinking fund
annuity
bond
loan
Mario deposits P800 at the end of each 3 months in a loan association which gives 8% compounded quarterly. What is P800 in the given situation?
annual payment
interest
periodic payment
loan payment
At the end of each 3 months a company will deposit P75,000 for 10 years in a depreciation fund to provide a replacement of machinery at the end of 10 years. Find the total number of payments.
13
30
40
750,000
It is the time from the beginning of the first payment interval to the end of the last payment interval.
period
term
contract
perpetuity
It is an annuity in which the first payment is delayed for a period of time.
postponed
deferred
derailed
frozen
Solve the period of deferral.
Payments of Php 2,000 at the end every six months for five years with the first payment made two years from now.
5
3
4
6
Evelyn purchased a brand new car. She paid Php 150,000 down payment and Php 9,000 payable at the beginning of each month of 3 years. If money is worth 6% compounded monthly, what is the equivalent cash price of the car?
PHP 454,839.15
PHP 445,839.15
PHP 544,839.15
PHP 295,839.15
It is an annuity in which the first periodic payment is made after a certain interval of time.
Ordinary Annuity
Deferred Annuity
General Annuity
Simple Ordinary Annuity
A man needs to borrow P73200 from the bank which charges 12% compounded annually in order to build a house. How much must
he pay monthly to amortize the loan within a period of ten years?
12955.2
15855.45
13994.17
12000.25
