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What future amount is due at the end of the load period

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Reference no: EM133143755

Questions -

Q1. If P1000 accumulates to P1500 when invested at a simple interest for three years, what is the rate of interest?

a. 14.12%

b. 15.89%

c. 16.67%

d. 16.97%

Q2. You loan from a firm an amount of P100,000 with a rate of simple interest of 20% but the interest was deducted from the loan at the time the money was borrowed. If at the end of one year you have to pay the full amount of P100,000 what is the actual rate of interest?

a. 23.5%

b. 24.7%

c. 25.0%

d. 25.8%

Q3. A loan of P5,000 is made for a period of 15 months, at a simple interest rate of 15%, what future amount is due at the end of the load period.

a. P5,937.5

b. P5,873.2

c. P5,712.4

d. P5,69-.12

Q4. If you borrowed money from your friend with a simple interest of 12% find the present worth P5,000, which is due at the end of 7 months.

a. 46,728.97

b. 47,098.12

c. 47,890.4

d. 48,090.21

Q5. Mr. Reyes borrowed money from the bank. He received from the bank P1,842 and promised to repay P2,000 at the end of 10 months. Determine the rate of simple interest.

a. 12.19%

b. 12.03%

c. 11.54%

d. 10.29%

Q6. If you borrowed P10,000 from a bank with 18% interest per annum, what is the total amount to be repaid at the end of one year?

a. P10,900

b. P11,200

c. P11,800

d. P12,000

Q7. A price tag of P1,200 is payable in 60days but if paid within 30days it will have a 3% discount. Find the rate of interest?

a. 35.45%

b. 35.89%

c. 36.18%

d. 37.11%

Q8. A man borrowed P2,000 from a bank and promised to pay the amount for one year. He received only the amount of 1,920 after the bank collected an advance interest of P80.00. What was the rate of discount?

a. 3.67%

b. 4.00%

c. 4.15%

d. 4.25%

Q9. A man borrowed P2,000 from a bank and promised to pay the amount for one year. He received only the amount of 1,920 after the bank collected an advance interest of P80.00. What was the rate of interest that the bank collected in advance

a. 4.00%

b. 4.07%

c. 4.17%

d. 4.25%

Q10. What will be the future worth of money after 12 months, if the sum of P25,000 is invested today at a simple interest rate of 1% per year.

a. P25,168

b. P25,175

c. P25,189

d. P25,250

Reference no: EM133143755

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