Name:_____________________________________________________ Score :___________________

Subject Teacher:_____________________________________________ Date:_____________________

1. What is the interest that is computed on the principal and then added to it?
a. Simple Interest b. Principal c. Maturity Value d. Compound Interest
2. What is the interest that is computed on the principal and also on the accumulated past interests?
a. Simple Interest b. Principal c. Maturity Value d. Compound Interest
3. It is the amount of money borrowed or invested on the origin date.
a. Simple Interest b. Principal c. Maturity Value d. Compound Interest
4. It is the amount after t years that the lender receives from the borrower on the maturity date.
a. Simple Interest b. Principal c. Maturity Value d. Compound Interest
5. Maxine Kang invested P50, 000.00 at 10% interest per annum. What is the value of her investment
after 2 years?
a. P66, 550. 00 b. P60, 000.00 c. P55, 000. 00 d. P51, 500.00
6. How much will you deposit in Banco De Oro if you wish to accumulate PhP 64, 800 in a year if the
bank offers an interest rate of 8% compounded annually?
a. Php 54, 000 b. Php 56, 000 c. Php 58, 000 d. Php 60, 000
7. If an entrepreneur applies for a loan amounting to P500, 000 in a bank, the simple interest of which is P157, 500
for 3 years. What interest rate is being charged?
a. 10.5% b. 1.05% c. 0.105% d. 105%
8. What is the present value of P50, 000 due in 7 years if money is worth 10% compounded annually?
a. P 10, 616.78 b. P 18,293.65 c. P 23, 872.77 d. P 25, 657.91
9. Cris borrows P50, 000 and promises to pay the principal interest at 12% compounded monthly. How much must
he repay after 6 years?
a. P 128, 008.47 b. P 102, 354.97c. P 31, 370.62 d. P 11, 048.96
10. It is a sequence of payments made at equal (fixed) intervals or periods of time.
a. Annuity b. Interval c. Regular Payment d. Term of an Annuity
11. It is an annuity that does not begin until the given time interval has passed.
a. Annuity Immediate b. Deferred Annuity c. General Annuity d. Simple Annuity
12. What it is the amount of each payment in annuity?
a. Annuity b. Interval c. Regular Payment d. Term of an Annuity
13. The following are examples of annuity, EXCEPT
a. paying a car c. paying a life insurance
b. paying a house and lot d. paying a tuition fee