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PISA

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33 views7 pages

PISA

questions

Uploaded by

johnlery guzman
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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Simple Interest:

1. What is the formula for calculating simple interest? a) Simple Interest=P×r×t\


text{Simple Interest} = P \times r \times tSimple Interest=P×r×t
b) Simple Interest=P×rt\text{Simple Interest} = P \times \frac{r}{t}Simple Interest=P×tr
c) Simple Interest=P+r+t\text{Simple Interest} = P + r + tSimple Interest=P+r+t
d) Simple Interest=P×t2\text{Simple Interest} = P \times t^2Simple Interest=P×t2
Answer: a
2. If you invest $1000 at an interest rate of 4% per year for 5 years, what is the total
interest earned? a) $200
b) $100
c) $400
d) $500
Answer: a
3. How much total amount will you have after 3 years if you invest $1500 at a simple
interest rate of 5%? a) $1700
b) $1575
c) $1800
d) $2000
Answer: b
4. How much interest is earned on $2000 for 4 years at an interest rate of 3% per
year? a) $240
b) $250
c) $160
d) $180
Answer: a
5. You invest $1200 at an interest rate of 6% for 5 years. What is the total interest
earned? a) $350
b) $400
c) $600
d) $500
Answer: b
6. If you invest $5000 at 3% simple interest for 6 years, what is the total amount after
6 years? a) $5300
b) $5200
c) $5600
d) $5000
Answer: a
7. How long will it take for $2000 to earn $400 at 5% simple interest? a) 4 years
b) 5 years
c) 6 years
d) 3 years
Answer: a
8. How much interest will you pay on a loan of $8000 for 3 years at 8% simple
interest? a) $1920
b) $192
c) $1200
d) $1600
Answer: d
9. How much principal must be invested at 7% simple interest for 4 years to earn
$560? a) $1000
b) $1500
c) $1400
d) $1200
Answer: c
10. What is the total amount at the end of 6 years if you invest $8000 at 2% simple
interest per year? a) $8800
b) $9500
c) $8800
d) $9000
Answer: a
11. If the total amount at the end of 3 years is $6000 with a simple interest of $900, what
is the interest rate? a) 4%
b) 5%
c) 6%
d) 3%
Answer: b
12. A loan of $2500 is taken for 2 years at 5% simple interest. How much will be owed
at the end of the loan period? a) $2750
b) $2600
c) $2800
d) $2500
Answer: a
13. How much interest will $8000 earn in 3 years at 6% simple interest per year? a)
$1440
b) $144
c) $180
d) $1500
Answer: a
14. An account earns $500 in interest after 4 years with a simple interest rate of 2.5%.
What is the initial amount? a) $4000
b) $5000
c) $2000
d) $1000
Answer: a
15. What is the interest rate if $2000 grows to $2500 in 5 years with simple interest? a)
4%
b) 5%
c) 10%
d) 7%
Answer: b

Compound Interest:

16. What is the formula for calculating compound interest? a) A=P(1+rn)ntA = P(1 + \
frac{r}{n})^{nt}A=P(1+nr)nt
b) A=P(1+r)ntA = P(1 + r)^{nt}A=P(1+r)nt
c) A=P+r×tA = P + r \times tA=P+r×t
d) A=P×r×tA = P \times r \times tA=P×r×t
Answer: a
17. If you invest $1000 at an annual interest rate of 4% compounded annually, how
much will you have after 3 years? a) $1124.86
b) $1200
c) $1150
d) $1100
Answer: a
18. How much interest will be earned on $5000 invested at 6% annually compounded
for 2 years? a) $620
b) $610
c) $620.50
d) $630
Answer: a
19. What is the total amount in an account after 3 years if $1000 is invested at 5%
annual compound interest? a) $1157.63
b) $1050
c) $1100
d) $1200
Answer: a
20. If $2000 is invested at 3% interest compounded quarterly, how much interest is
earned after 1 year? a) $60.90
b) $50
c) $70
d) $75
Answer: a
21. What is the total value of an investment of $3000 compounded monthly at an
interest rate of 5% after 2 years? a) $3308.03
b) $3400
c) $3200
d) $3100
Answer: a
22. A deposit of $1500 is made at 5% annual interest compounded annually. How much
will the deposit be worth after 4 years? a) $1820.25
b) $1900
c) $2100
d) $1500
Answer: a
23. What is the effective annual rate if the nominal interest rate is 8% compounded
quarterly? a) 8.24%
b) 8.10%
c) 7.50%
d) 9%
Answer: a
24. How much will an investment of $2000 at 6% interest compounded quarterly be
worth after 1 year? a) $2123.54
b) $2150
c) $2100
d) $2200
Answer: a
25. What will be the value of $500 after 5 years with 4% annual compound interest? a)
$608.33
b) $600
c) $700
d) $550
Answer: a
26. How long will it take for an investment of $1000 to double at an interest rate of 5%
compounded annually? a) 14.4 years
b) 12 years
c) 15 years
d) 10 years
Answer: a
27. If $1500 is invested at 7% annual interest compounded monthly, how much interest
is earned after 3 years? a) $374.27
b) $300
c) $200
d) $400
Answer: a
28. You invest $2000 at 5% annual interest compounded semi-annually. How much will
the investment be worth after 3 years? a) $2315.76
b) $2200
c) $2500
d) $2400
Answer: a
29. If $1000 is invested at 3% annual interest compounded annually, how much will the
total amount be after 6 years? a) $1195.45
b) $1100
c) $1200
d) $1150
Answer: a
30. What is the formula for calculating compound interest when interest is compounded
quarterly? a) A=P(1+r4)4tA = P(1 + \frac{r}{4})^{4t}A=P(1+4r)4t
b) A=P(1+r)tA = P(1 + r)^{t}A=P(1+r)t
c) A=P+r×tA = P + r \times tA=P+r×t
d) A=P×r×tA = P \times r \times tA=P×r×t
Answer: a
31. If $8000 is invested at 5% annual interest compounded continuously, how much will
the investment be worth after 2 years? a) $8822.60
b) $8500
c) $9000
d) $8000
Answer: a
32. How much interest is earned on a $2000 investment at 4% interest compounded
semi-annually over 3 years? a) $245.03
b) $250
c) $240
d) $270
Answer: a
33. An investment of $4000 is made at 7% interest compounded monthly. How much is
the investment worth after 5 years? a) $5614.35
b) $6000
c) $5500
d) $5900
Answer: a
34. If $1200 is invested at 8% annual interest compounded annually, how much will the
investment be worth after 10 years? a) $2575.21
b) $2500
c) $3000
d) $2700
Answer: a
35. How much would you need to invest today to have $10,000 in 5 years, assuming a
6% interest rate compounded annually? a) $7472.50
b) $7000
c) $8000
d) $9000
Answer: a
36. If an account balance increases from $500 to $550 in one year at compound interest,
what is the interest rate? a) 10%
b) 8%
c) 9%
d) 5%
Answer: a
37. What is the difference in total amount between simple and compound interest after
5 years for an investment of $1000 at 3%? a) $15.00
b) $20.00
c) $25.00
d) $30.00
Answer: b
38. If an account balance grows to $2000 after 4 years with annual compounding at 5%,
what was the initial deposit? a) $1639.79
b) $1500
c) $1700
d) $1600
Answer: a
39. What is the compound interest on an investment of $5000 at 4% compounded
quarterly for 3 years? a) $623.24
b) $600
c) $550
d) $650
Answer: a
40. How much interest will $1000 earn in 2 years if it is compounded annually at 6%? a)
$126.16
b) $120
c) $130
d) $110
Answer: a

Answer Key:

1. a
2. a
3. b
4. a
5. b
6. a
7. a
8. d
9. c
10. a
11. b
12. a
13. a
14. a
15. b
16. a
17. a
18. a
19. a
20. a
21. a
22. a
23. a
24. a
25. a
26. a
27. a
28. a
29. a
30. a
31. a
32. a
33. a
34. a
35. a
36. a
37. b
38. a
39. a
40. a

Table of Specification

Cognitive Level Number of Questions Percentage (%)


Knowledge & Recall 10 25%
Application 16 40%
Analysis 14 35%
Total 40 100%

This table shows the distribution of questions across different cognitive levels and gives a clear
breakdown of the focus on recall, application, and analysis skills in the context of financial
mathematics related to simple and compound interest.

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