Direction: Encircle the best answer. 1) This refers to the accumlated amount obtained by addng the principal and the compound interest. A Compound amount B. Compound interest C. Present value D. Simple interest 2.) Date on which the money bonowed or loaled is to be completely repaid. A. Conversion period B. Loan date C. Maturity date D. Origin date 3.) What is the formmula in conmputing the simple nterest on a given financial ransaction? A. I = Prt C. I, = %3D 0000 rt B. I = Pret Pt
Direction: Encircle the best answer. 1) This refers to the accumlated amount obtained by addng the principal and the compound interest. A Compound amount B. Compound interest C. Present value D. Simple interest 2.) Date on which the money bonowed or loaled is to be completely repaid. A. Conversion period B. Loan date C. Maturity date D. Origin date 3.) What is the formmula in conmputing the simple nterest on a given financial ransaction? A. I = Prt C. I, = %3D 0000 rt B. I = Pret Pt
Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
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Kindly answer all of this please
Transcribed Image Text:ACTIVITY 1
Direction: Encircle the best answer.
1.) This refers to the accumlated amount obtained by addng the principat and a
compound interest.
A Compound amount
B. Compound interest
C. Present value
D. Simple interest
2.) Dare on which the money bonowed or loaned is to be completely repaid.
A. Conversion period
B. Loan date
C. Maturity date
D. Origin date
3.) What is the formula in computing the simple interest on a given financial ransaction?
A. 1, = Prt
C. I =
rt
B. = Pr2t
Dl =
4.) This refers to the interest rate per conversion period
A. Compound interest
B. Periodic rate
C. Rate of interest00
D. Simple interest
5.) This refens to the auout paid or earned for the use of money.
A. Conversion period
B. Interest
C. Principal
D. Rate
6.) 30 months is equivalent to
A. 2.5 years
B. 2.75 years
C. 3 years
D. 3.25 years
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