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    Pre Final

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    Gerald Torres
    This document contains a mathematics test on concepts related to simple and compound interest calculations. It includes 10 multiple choice questions testing understanding of key terms and formulas. It also includes 2 word problems requiring calculations to find maturity values and interest earned based on given principal amounts, interest rates and time periods.

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    Pre Final

    Uploaded by

    Gerald Torres
    14 views1 page
    This document contains a mathematics test on concepts related to simple and compound interest calculations. It includes 10 multiple choice questions testing understanding of key terms and formulas. It also includes 2 word problems requiring calculations to find maturity values and interest earned based on given principal amounts, interest rates and time periods.

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    This document contains a mathematics test on concepts related to simple and compound interest calculations. It includes 10 multiple choice questions testing understanding of key terms and formulas. It also includes 2 word problems requiring calculations to find maturity values and interest earned based on given principal amounts, interest rates and time periods.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    14 views1 page

    Pre Final

    Uploaded by

    Gerald Torres
    This document contains a mathematics test on concepts related to simple and compound interest calculations. It includes 10 multiple choice questions testing understanding of key terms and formulas. It also includes 2 word problems requiring calculations to find maturity values and interest earned based on given principal amounts, interest rates and time periods.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 1

    LEBAK FAMILY DOCTOR’S SCHOOL OF MIDWIFERY

    Aurelio F. Freires Sr., Lebak, Sultan Kudarat 9807


    Tel No. 064 – 205 – 3251

    Mathematics in Modern World

    I. Multiple Choice: Read the question carefully. Write the letter of your answer on the space
    provided.
    ____1. Is the interest on savings calculated on both the initial principal and accumulated interest from previous periods?

    A) Simple Interest B) Compound Interest C) Initial Value D) Principal Amount


    ____2. What is the correct formula in simple interest?

    A) P=F (a+ j) B) I¿ Prt C) F=P(1+n) D) F=P(1+ j)n

    ____3. What is the value of I s if r = 0.25, P = 2000, and t = 3?

    A) 1 500 B) 2 500 C) 3 500 D) 1550


    ____4. In the formula of compound interest, F stands for:
    A) Future Value B) frequency of conversion C) time in years D) Present Value
    ____5. _________ is used in cases where the amount that is to be returned requires a short period of time?
    A) Compound Interest B) Future Value C) Simple Interest D) Previous Value
    ____6. The ____________ of a transaction is the amount of money resulting at the end of a transaction. That is the sum
    of the principal amount and the interest together.
    A) Annual interest B) Rate C) Maturity value D) Principal Amount
    ____7. What is the value of F if P=8 000, j=0.00167 , and n=60?

    A) 8 482. 39677 B) 8 248. 39677 C) 8 428. 39677 D) 8 842. 39677

    ____8. Find the value of interest ( I s) if the maturity value (F) is equal to 11 053 and the principal amount (P) is equal to
    10 000?
    A) 1 035 B) 1 350 C) 1 530 D) 1 053
    ____9. A bank offers 25% annual simple interest rate for a particular deposit. How much interest will be earned if 1
    million pesos is deposited in this savings account for 2 years?
    A) 600 000 B) 550 000 C) 250 000 D) 500 000
    ____10. Find the maturity value if P20 000 is deposited in a bank at 5% compounded monthly for 3 years?
    A) 23 992 B) 32 229 C) 23 929 D) 23 229

    II. Problem Solving.

    1) Find the maturity value if 1 million pesos is deposited at an annual simple interest rate of 25% after 10 years.

    2) Find the maturity value and interest if P5 000 is deposited in a bank at 8% compounded monthly for 2 years?

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