4.) This refers to the interest rate per conversion period A Compound interest C Rate of interest B Periodic rate D. Simple interest
4.) This refers to the interest rate per conversion period A Compound interest C Rate of interest B Periodic rate D. Simple interest
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
DIRECTION: ENCIRCLE THE BEST ANSWER.
4.) This refers to the interest rate per conversion period
A Compound interest
C Rate of interest
B Periodic rate
D. Simple interest
5) Thuis nefers to the amount paid or eames for the use of money
A Conversion period
C. Principal
B. Interest
D Rate
6) 30 months is equivalent to
A 25 years
B 2.75 years
C 3 years
D 3.25 years
1) How much is the simple interest on this financial transaction. P = .000 00. - * 6°..
and / 2 years
AP120.00
B P600.00
CP1.300 00
D P6.000.00
6) What is the total number of conversion periods when a certain amount is borrowed are 10°. coupomded mouthly for 5 years?
A.12
B 50
C 24
D. 60
How unch was the interest if Sophia borrowed P45.000 90 and paid a total of
PS5.500.00 ar the end of the tem
A PI0.500 00
CP11.500.00
B P45,000.00
D. P100.500.00
10.) What is the interest rate per conversion period if 125.900 00 was tvested at 3.4.
compounded oruually for 4 years and 6 months
0033
C 0.110
B 0.330
D. 0 160
11. Jolu borowed P45.400 00 at 10%. simple interest rate How mnich should be repay
after 3 vears?
A. P13.620.00
C.P59.020.00
B. P46.762.00
D. P104.420 00
12.) An interest of P760 was earned on an investment for 9 months at 3 o interest cate How
anch was invested?
A $2.032.00
B. $2,814.81
CP20.520.00
D. P33.797.78
13 at what simple interest rate was P18.350.00 invested if it earned P1.025.00 interest
for 5 years
A 00372,
C. 3730,
B 01193
D. 11 93
14) How much will be the compouud puiterest if P30.220 00 is invested at " , compounded
quarterly for 2 years and 9 months?
24.499.21
C 56.574.05
B. P6.354.03
D. PI47.999 31
10。
15 ) When is P78.800 00 due it is presen value of P61.500 00 15 invested at
compounded monthly
C. 10.75 years
D. 27.79 years
A 2.32 years
B 695 yeals
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