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    Chapter Test - Review

    Uploaded by

    April Joy Lascuña
    Gen Math

    Copyright:

    © All Rights Reserved
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    Chapter Test - Review

    Uploaded by

    April Joy Lascuña
    22 views12 pages
    Gen Math

    Copyright

    © © All Rights Reserved

    Available Formats

    DOCX, PDF, TXT or read online from Scribd

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    Gen Math

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    22 views12 pages

    Chapter Test - Review

    Uploaded by

    April Joy Lascuña
    Gen Math

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 12

    1) Justin borrowed ₱5,000 at

    5% annual simple interest


    rate. If he decided to pay after
    1 year and 3 months, how
    much should he pay by then?
    2) Angel invested a certain
    amount at 8% simple interest
    per year. After 6 years, the
    interest she received
    amounted to ₱48,000. How
    much did she invest?
    3) How long will an amount of
    money double at a simple
    interest rate of 2% per annum?
    4) At what simple interest rate
    will an amount of money double
    itself in 10 years?
    5) If a person borrowed
    ₱88,800 at an annual simple
    interest rate of 10.25% for 18
    months, how much interest
    should he pay?
    6) What are the amounts of
    interest and maturity value of
    a loan for ₱20,000 at 6%
    compound interest for 3
    years?
    7) How much should Kaye set
    aside and invest in a fund
    earning 2% compounded
    quarterly if she needs
    ₱75,000 in 15 months?
    8) Angel borrowed ₱15,000
    payable with interest that is
    compounded semi-annually at
    9%. How much must she pay
    after 3 years?
    9) What is the nominal rate of
    interest is ₱4,000
    accumulates to ₱10,000 in 8
    years with interest
    compounded quarterly?
    10) How long will it take
    ₱15,000 to earn ₱5,000 if it is
    invested 12% monthly?
    11) A high school student
    would like to save ₱50,000 for
    his graduation. How much
    should he deposit in a savings
    account every month for 5.5
    years if interest is at 0.25%
    compounded monthly?
    12) The buyer of a car pays
    ₱169,000 cash and ₱12,000
    every month for 5 years. If
    money is 10% compounded
    monthly, how much is the
    cash price of the car?
    13) Find the present value and
    future value of an ordinary
    annuity of ₱5,000 payable
    semi-annually for 10 years if
    money is worth 6%
    compounded semi-annually?

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