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WorksheetsGENERAL MATHEMATICS REVIEWER
Total questions: 11
Worksheet time: 6mins
1. What is the sum of money paid for the use of money?
A. Interest
B. Principal
C. Final Amount
2. What is the formula for calculating Principal of the simple interest?
A. 𝑃 =I/rt
B. 𝑃 = 𝐼𝑟t
C. 𝑃 = 1 + 𝑟
𝑡
D. 𝑃 =
𝐼𝑟 /t
3. Which of the following formulas is derived from the formula of simple interest?
A. 𝑃 =
𝐼 / rt
B. 𝑃 = 𝐼𝑟𝑡
C. 𝐼 = 𝑃 1 + 𝑟
𝑡
D. 𝐼 = 𝑃 1 + 𝑛
4. In simple interest, what does the term "rate" means?
A. It is the amount of interest earned.
B. It is the sum of money invested or borrowed.
C. It is the interest rate per year.
D. It is the total amount after interest is added.
5. What does the "Final Amount" in simple interest represent?
A. The initial amount of money invested
B. The period of investment
C. The percentage of the principal paid as interest each period
D. The sum of the principal and the interest
6. Calculate the simple interest on ₱ 14 000 for 3 years at a rate of 5% per year.
A. ₱ 1,050
B. ₱ 2,100
C. ₱ 3,500
D. ₱ 3,000
7. John invested ₱ 20,000 at an interest rate of 5% for 5 years.What is the simple interest he willearn?
A. ₱ 5000
B. ₱ 6000
C. ₱ 7000
D. ₱ 8000
8. What will be the final amount after 3 years if ₱ 10,000 is invested at a 6% simple interest rate?
A. ₱ 10,600
B. ₱ 10,80
C. ₱ 11,800
D. ₱ 11,600
9. Patricia invests a sum of money at 3% simple interest and the interest grows to ₱ 1 440 after 2 years. What is the principal amount?
A. ₱ 2,000
B. ₱ 22,500
C. ₱ 24,000
D. ₱ 25,000
10. Anna invested ₱ 15,000 at an 8% interest rate per year. How many years will it take for her investment to earn ₱12,000 in interest?
A. 10 years
B. 15 years
C. 20 years
D. 25 years
11. If a sum of ₱ 20,000 grows to an interest of 4,000 in 4 years at simple interest, what is the rate of interest?
A. 5%
B. 10%
C. 15%
D. 20%
