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1. The simple interest formula is I-Prt. What does the t represent? a. Principle b. Time c. Interest d. Percent Rate 2. Starting money = Php 350. Interest rate = 2.5% Time = 3 years. How much interest? a. Php 7.50 b. Php 87.5 c. Php 26.25 d. Php 262.50 3. The simple interest formula is I=Prt. The P represents the principal.. The principle is a. the amount of money borrowed or deposited b. the percent interest for his year c. the amount taxed d. the amount the bank owes you for being a customer at their bank

1. The simple interest formula is I-Prt. What does the t represent? a. Principle b. Time c. Interest d. Percent Rate 2. Starting money = Php 350. Interest rate = 2.5% Time = 3 years. How much interest? a. Php 7.50 b. Php 87.5 c. Php 26.25 d. Php 262.50 3. The simple interest formula is I=Prt. The P represents the principal.. The principle is a. the amount of money borrowed or deposited b. the percent interest for his year c. the amount taxed d. the amount the bank owes you for being a customer at their bank

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Write or select a letter that corresponds to the correct answer. Solve and determine the simple interest of the given problem below. 1. The simple interest formula is I-Prt. What does the t represent? a. Principle b. Time c. Interest d. Percent Rate 2. Starting money = Php 350. Interest rate = 2.5% Time = 3 years. How much interest? a. Php 7.50 b. Php 87.5 C. Php 26.25 d. Php 262.50 3. The simple interest formula is I=Prt. principle is The P represents the principal. The a. the amount of money borrowed or deposited b. the percent interest for his year C. the amount taxed d. the amount the bank owes you for being a customer at their bank 4. Emilio borrows Php 1,200 from a bank with 8% simple interest per year. much will he have to pay back a total in 2 years? How a. Php 150 b. Php 1,350 c. Php 192 d. Php 1,392 5. Phyllis went to the mall and saw a massage chair that she would have to take a loan out for Php 6500 to purchase. simple interest rate of 5% for 5 years. Phyllis will pay for the chair? The bank said that she could get a What is the total amount that a. Php 2600 b. Php 8125 C. Php 9100 d. Php 2650 6. Find the principal for a loan that has an earned interest of Php 3,500 with an annual rate of 10% for 5 years. a. Php 7,000 b. Php 5,000 C. Php 6,500 d. Php 3750 7. I = Prt where r represents the rate. Rates must be converted into before multiplying. a. fractions b. decimals c. mixed numbers d. percents A SHOT ON OPPO
Transcribed Image Text:Write or select a letter that corresponds to the correct answer. Solve and determine the simple interest of the given problem below. 1. The simple interest formula is I-Prt. What does the t represent? a. Principle b. Time c. Interest d. Percent Rate 2. Starting money = Php 350. Interest rate = 2.5% Time = 3 years. How much interest? a. Php 7.50 b. Php 87.5 C. Php 26.25 d. Php 262.50 3. The simple interest formula is I=Prt. principle is The P represents the principal. The a. the amount of money borrowed or deposited b. the percent interest for his year C. the amount taxed d. the amount the bank owes you for being a customer at their bank 4. Emilio borrows Php 1,200 from a bank with 8% simple interest per year. much will he have to pay back a total in 2 years? How a. Php 150 b. Php 1,350 c. Php 192 d. Php 1,392 5. Phyllis went to the mall and saw a massage chair that she would have to take a loan out for Php 6500 to purchase. simple interest rate of 5% for 5 years. Phyllis will pay for the chair? The bank said that she could get a What is the total amount that a. Php 2600 b. Php 8125 C. Php 9100 d. Php 2650 6. Find the principal for a loan that has an earned interest of Php 3,500 with an annual rate of 10% for 5 years. a. Php 7,000 b. Php 5,000 C. Php 6,500 d. Php 3750 7. I = Prt where r represents the rate. Rates must be converted into before multiplying. a. fractions b. decimals c. mixed numbers d. percents A SHOT ON OPPO
3. Emily's parents put Php 1,500 in her bank account for college tuition. At an Lnterest rate of 8.25% compounded annnally, what will be the total balance after 2 years? a. Php 3,273.50 b. Php 2,385.72 c. Php 1,314.08 d. Php 1,757.71 IL the balance at the end of eight vears on an investment of Php630 that has been invested at a rate of 9s, how much was the interest? a. Php 453.60 b. Php 633.55 c. Php 523.75 d. Php 357.50 10. If the interest earned was $55.20 on an investment of Php 230 that has a rate of 3%, how long was the money invested? a. 4 yearS b. 5 years c. 8 years d. 6 years 11. The Henley's took out a loan for Php 195,000 to purchase a home. At a 4.3% interest rate compounded annually, how much will the loan be after 5 years? a. Php 45, 689 b. Php 195, 000 c. Php 240,689 d. Php 41,925 12 Kennedy won Php 3,000 from a radio contest. If she puts this money in a bank account that earns 2.9% interest compounded annually, how much total interest will she earn in 10 years? a. Php 490.50 b. Php 350.25 c. Php 900.75 d. Php 992.78 13. Riley invested Php 1,000 in savings bonds. If the bonds earn 6.75% interest compounded annually, how much total interest will Riley earn in 15 years? c. Php 663.90 d. Php 1,000.90 a. Php 1,663.90 b. Php 2,663.00 14. Andrew borrows Php79,500 for 2 years and earns Php10,017 of simple interest. Calculate the interest rate? a. 78 b. 6.3% c. 68 d. 5.3% 15. John wants to open a showroom and borrows Php 48,000 at 12% interest rate. He plans to pay this after 4 years. What will that total principal + interest payment be? a. Php 67, 500 b. Php 70, 600 c. Php 72,050 d. Php 71,040 16. Leroy borrowed Php 1,500 at an annual simple interest rate of 12%. For what time period did Leroy borrow the money? He paid Php 270 in interest. a. 8 years b. 18 months c. 5 years d. 18 years 17. Your 3 year investment of Php 20,000 received 5.2% interested compounded semi annually. What is your total return? Php 23,329.97 c. Php 10,400.97 a. b. Php 31,200.97 d. Php 3,466.97 18. You borrowed Php 59,000 for 2 years at 11% which was compounded annually. What total will you pay back? c. Php 268,181.81 Phn 3n45.00 A SHOT ON OPPO b. Php 72,693.90 d. Php 12, 980.00
Transcribed Image Text:3. Emily's parents put Php 1,500 in her bank account for college tuition. At an Lnterest rate of 8.25% compounded annnally, what will be the total balance after 2 years? a. Php 3,273.50 b. Php 2,385.72 c. Php 1,314.08 d. Php 1,757.71 IL the balance at the end of eight vears on an investment of Php630 that has been invested at a rate of 9s, how much was the interest? a. Php 453.60 b. Php 633.55 c. Php 523.75 d. Php 357.50 10. If the interest earned was $55.20 on an investment of Php 230 that has a rate of 3%, how long was the money invested? a. 4 yearS b. 5 years c. 8 years d. 6 years 11. The Henley's took out a loan for Php 195,000 to purchase a home. At a 4.3% interest rate compounded annually, how much will the loan be after 5 years? a. Php 45, 689 b. Php 195, 000 c. Php 240,689 d. Php 41,925 12 Kennedy won Php 3,000 from a radio contest. If she puts this money in a bank account that earns 2.9% interest compounded annually, how much total interest will she earn in 10 years? a. Php 490.50 b. Php 350.25 c. Php 900.75 d. Php 992.78 13. Riley invested Php 1,000 in savings bonds. If the bonds earn 6.75% interest compounded annually, how much total interest will Riley earn in 15 years? c. Php 663.90 d. Php 1,000.90 a. Php 1,663.90 b. Php 2,663.00 14. Andrew borrows Php79,500 for 2 years and earns Php10,017 of simple interest. Calculate the interest rate? a. 78 b. 6.3% c. 68 d. 5.3% 15. John wants to open a showroom and borrows Php 48,000 at 12% interest rate. He plans to pay this after 4 years. What will that total principal + interest payment be? a. Php 67, 500 b. Php 70, 600 c. Php 72,050 d. Php 71,040 16. Leroy borrowed Php 1,500 at an annual simple interest rate of 12%. For what time period did Leroy borrow the money? He paid Php 270 in interest. a. 8 years b. 18 months c. 5 years d. 18 years 17. Your 3 year investment of Php 20,000 received 5.2% interested compounded semi annually. What is your total return? Php 23,329.97 c. Php 10,400.97 a. b. Php 31,200.97 d. Php 3,466.97 18. You borrowed Php 59,000 for 2 years at 11% which was compounded annually. What total will you pay back? c. Php 268,181.81 Phn 3n45.00 A SHOT ON OPPO b. Php 72,693.90 d. Php 12, 980.00
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