1) Find the simple annual interest of PHP 10,000 for 2 year with an interest rate of 10%? a PHP 100
b.PHP 200
c.PHP 1000
d.PHP 2000
2) Tenten deposited P10,000 in bank which gives 1% compounded quarterly and let it stay there for 5 years. What is the rate
of interest per conversion for each conversion period?
a.1% b.0.25% c.0.025% d. 0.025%
3) The total number of conversion for 5 years is :
a.5
b.10
c.15
d. 20
4) if the maturity value amount is PHPH 10,512.00, what is the interest she acquired?
a PHP 512
b. PHP 10,000
c. PHP 10,500
d PHP 10.512
5) Debble wants to compare the simple interest to compound interest on a P 60,000 investment Find the simple interest if
funds earn 8% simple interest for 1 year
a. 4,800
b.4,896
c.4,945
d.64,896
6) Refer to the previous problem. Find the interest if funds earn 8% compounded annually for 1 year
a. 4,800
b. 4.896
C. 4.945
d. 64,896
b.PHP 200
c.PHP 1000
d.PHP 2000
2) Tenten deposited P10,000 in bank which gives 1% compounded quarterly and let it stay there for 5 years. What is the rate
of interest per conversion for each conversion period?
a.1% b.0.25% c.0.025% d. 0.025%
3) The total number of conversion for 5 years is :
a.5
b.10
c.15
d. 20
4) if the maturity value amount is PHPH 10,512.00, what is the interest she acquired?
a PHP 512
b. PHP 10,000
c. PHP 10,500
d PHP 10.512
5) Debble wants to compare the simple interest to compound interest on a P 60,000 investment Find the simple interest if
funds earn 8% simple interest for 1 year
a. 4,800
b.4,896
c.4,945
d.64,896
6) Refer to the previous problem. Find the interest if funds earn 8% compounded annually for 1 year
a. 4,800
b. 4.896
C. 4.945
d. 64,896
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