50.

CE Board May 1998

Compute the equivalent rate of 6% compounded semi-annually to a rate compounded quarterly.
a) 5.96%
b) 6.04%
c) 5.92%
d) 6.06%

51. ME Board April 1998

If P5000.00 shall accumulate for 10 years at 8% compounded quarterly. Find the compounded interest
at the end of 10 years.
a) P6,005.30
b) P6,000.00
c) P6,040.00
d) P6,010.00

52. ME Board April 1998

A sum of P1,000.00 is invested now and left for eight years, at which time the principal is withdrawn.
The interest has accrued is left for another eight years. If the effective annual interest rate is 5%, what
will be the withdrawal amount at the end of the 16th year?
a) P705.42
b) P500.00
c) P774.00
d) P799.00

53. ME Board April 1998

P1,500.00 was deposited in a bank account 20 years ago. Today it is worth P3,000.00. Interest is paid
semi-annually. Determine the interest rate paid on this account?
a) 3%
b) 2.9%
c) 3.5%
d) 4%

55. ECE Board April 1998

By the condition of a will, the sum of P2000 is left to a girl to be held in trust fund by her guardian until it
amounts to P50,000, When will the girl received the money if the fund is invested at 8% compounded
quarterly?
a) 7.98 yrs. b) 10.34 yrs. c) 11.57 yrs. d) 10.45 yrs.