1 Find the value of P if A = $600 , n = 15 years, and i = 5%

compounded annually
Select one:
a. P=$6,227.40
b. P=$6,429.75
c. P=$5,470.65
d. P=$3,969.15
A deposit of P110,000 was made for 31 days. The net interest
after deducting 20% witholding tax is P890.36. Find the rate of
return annually.
Select one:
a. 0.1275
b. 0.1175
c. 0.1195
d. 0.1225
If you borrowed money from your friend with simple interest of
12%, find the present worth of P50,000, which is due at the end of
7 months.
Select one:
a. P45789
b. P46200
c. P46730
d. P44,893
Find the values of n if F = $7,000 , P = $3,500 , and I = 6%
compounded quarterly
Select one:
a. n=9.04 years
b. n=10.50 years
 c. n=13.33 years
d. n=11.63 years
What is the exact interest earned on a $20,000 for a period of 29
days at 5% simple interest?
Select one:
a. 97.45
b. 81.45
c. 80.45
d. 79.45

A man borrowed P 20,000 from a local commercial bank which

has a simple interest of 16% but the interest is to be deducted
from the loan at the time that the money was borrowed and the
loan is payable at the end of one year. How much is the actual
rate of interest?
Select one:
a. 0.14
b. 0.12
c. 0.1
d. 0.19
A car was bought on installmentbasis with a monthly installment
of P10,000.00 for 60 months. If interest is 12% compounded
annually calculate the cash price of the car.
Select one:
a. P455,875.00
b. P345,539.75
c. P567,539.75
d. P678,519.75
If you borrowed money from your friend with simple interest of
12%, find the present worth of P50,000, which is due at the end of
7 months.
Select one:
a. P46730
b. P44,893
c. P45789
d. P46200
Find the value of P if A = $600 , n = 15 years, and i = 5%
compounded annually
Select one:
a. P=$6,227.40
b. P=$6,429.75
c. P=$3,969.15
d. P=$5,470.65
A sum of P1,000 is invested now and left for eight years, at which
time the principal is withdrawn. The interest was 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?
Select one:
a. P774.00
b. P500.00
c. P706.00
d. P799.00
What will be the future worth of money after 12 months, if the sum
of P 25,000 is invested today at simple interest rate of 1% per
month?
Select one:
a. P29,000
b. P28,000
c. P27,000
d. P30,000

What is the exact leap year interest earned on a $20,000 for a

period of 29 days at 5% simple interest?
Select one:
a. 97.25
b. 81.23
c. 79.23
d. 80.25
The amount of P50,000 was deposited in the bank earning at
interest of 7.5% per annum. Determine the total amount at the
end of 5 years, if the principal and interest were not withdrawn
during the period.
Select one:
a. P71,781.47
b. P78,536.34
c. P72,475.23
d. P70,374.90
What nominal rate, compounded semi-annually, yields the same
amount as 16% compounded quarterly?
Select one:
a. 0.0842
b. 0.0824
c. 0.0648
 d. 0.0688
A sum of P1,000 is invested now and left for eight years, at which
time the principal is withdrawn. The interest was 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?
Select one:
a. P706.00
b. P799.00
c. P500.00
d. P774.00
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.
Select one:
a. 3%
b. 4%
c. 3.5%
d. 2.9%
Find the present value in pesos, of a perpetuity of P15,000
payable semi-annually if money is worth 8%, compounded
quarterly.
Select one:
a. 386227
b. 371287
c. 392422
d. 358477
Feedback
The correct answer is: 371287.
Find the values of n if F = $7,000 , P = $3,500 , and I = 6%
compounded quarterly
Select one:
a. n=9.04 years
b. n=10.50 years
c. n=11.63 years
d. n=13.33 years
Feedback
The correct answer is: n=11.63 years.