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WorksheetsQuiz | Mathematics of Finance
Total questions: 50
Worksheet time: 1hrs 15mins
What is the interest on ₱10,000 at 6% simple interest for 2 years?
₱600
₱1,200
₱1,000
₱1,100
Find the total amount after 3 years if ₱15,000 is invested at 8% simple interest.
₱17,800
₱18,600
₱18,000
₱18,200
₱12,000 earns ₱1,440 simple interest at 6% per annum. Find the time.
1 year
2 years
3 years
4 years
₱20,000 is borrowed at 10% simple interest. How much will be paid after 18 months?
₱21,500
₱23,000
₱23,500
If ₱8,000 is invested at 12% compounded annually for 2 years, what is the amount?
₱8,960
₱9,984
₱10,048
₱10,050
₱5,000 invested at 10% compounded annually for 3 years will grow to:
₱6,655
₱6,000
₱6,500
₱6,700
₱10,000 compounded quarterly at 8% for 2 years yields:
₱11,648
₱11,500
₱11,700
₱11,800
Find the compound interest on ₱7,000 at 9% compounded annually for 3 years.
₱1,850
₱1,980
₱2,067
₱5,000 is invested at 12% compounded monthly for 2 years.
₱6,000
₱6,341
₱6,200
₱6,500
Find the compound interest when ₱12,000 is invested at 8% compounded semi-annually for 3 years.
₱3,012
₱3,089
₱3,072
₱3,200
Simple interest is based on:
Principal only
Principal and accumulated interest
Time only
Rate only
Compound interest grows:
Linearly
Constantly
Exponentially
The more frequent the compounding:
The lesser the amount
The higher the total amount
No effect
Depends on rate
What is the principal if ₱600 interest is earned in 3 years at 5%?
₱4,000
₱5,000
₱3,000
₱2,500
According to the “Rule of 72,” money doubles in about 7.2 years at a rate of:
5%
7%
10%
12%
Annual interest rate of 10% compounded semi-annually has an effective rate of approximately:
10.00%
10.25%
11.00%
When interest is added to principal, it is called:
Inflation
Deflation
Compounding
Discounting
If the rate increases, interest:
Decreases
Increases
Stays the same
Becomes zero
If time doubles, simple interest:
Halves
Doubles
Triples
Stays constant
Simple interest is most appropriate for:
Long-term investments
Savings accounts
Short-term loans
Bonds
Credit card companies typically charge interest:
Weekly
Monthly
Quarterly
Annually
If your balance is ₱20,000 and the monthly interest is 2%, how much interest is charged?
₱200
₱300
₱400
₱500
The Annual Percentage Rate (APR) refers to:
Monthly rate × 12
Interest without fees
Annualized rate including fees
Daily rate
Failing to pay the minimum balance results in:
Lower rates
Cashback
Late fees and accumulated interest
Loan forgiveness
A ₱100,000 loan at 10% simple interest for 3 years will have a total interest of:
₱25,000
₱30,000
₱35,000
₱40,000
Monthly installment for a ₱60,000 loan payable in 12 months at 12% annual simple interest:
₱5,200
₱5,400
₱5,600
₱5,800
Credit card interest is usually compounded:
Quarterly
Semi-annually
Daily or monthly
Yearly
Consumer loans usually use:
Compound interest
Simple interest
Discounted interest
Using one credit card to pay another is called:
Balance transfer
Debt cancellation
Refinancing
Consolidation
The “grace period” in credit cards refers to:
The time before interest applies
Time to apply for credit
Period of card activation
Expiration of card
Revolving credit allows you to:
Borrow a fixed amount once
Borrow repeatedly up to a limit
Borrow interest-free
Pay no minimum
A secured loan is:
Unbacked by collateral
Based on credit score
Backed by collateral
Always free of interest
Which of the following is based on the borrower's credit history?
Requires property as collateral
Is only for businesses
Is based on borrower’s credit history
Has zero interest
Installment loans are characterized by:
Variable payments
Lump-sum payment
Fixed payments over time
No maturity
A stock represents:
Ownership in a company
A company’s debt
Government loan
Mutual fund share
A bond represents:
Ownership in a company
Loan made to government or corporation
Savings account
Investment in real estate
A mutual fund:
Pools investors’ money into one portfolio
Is a loan from government
What is the correct statement about mutual funds?
a) Pools investors’ money into one portfolio
b) Is a type of bond
c) Has no risk
d) Pays fixed interest
The return from owning stocks is called:
Coupon
Dividend
Interest
Premium
The return from owning bonds is called:
Dividend
Interest or coupon
Profit
Equity
A ₱10,000 bond at 8% annual coupon pays:
₱600
₱800
₱900
₱1,000
If a stock’s price increases from ₱100 to ₱120, what is the percent gain?
15%
18%
20%
25%
Which is riskier?
Bonds
Mutual funds
Stocks
Savings deposits
Which offers fixed income?
Stocks
Bonds
Mutual funds
Real estate
Which investment is managed by professionals?
Stocks
Bonds
Mutual funds
Loans
Diversification helps:
Increase risk
Eliminate profit
Reduce risk
Increase debt
A mutual fund with 10% average annual return doubles in roughly:
5 years
7 years
10 years
Stock dividends are usually paid:
Daily
Weekly
Quarterly
Annually
49. Government bonds are considered:
High-risk
Low-risk
Risk-free
Moderate-risk
Investing in different asset types (stocks, bonds, mutual funds) is called:
Inflation
Diversification
Risk pooling
Liquidity
