Quiz #2

1. Determine the ordinary and exact simple interests on P5,000 for the period from January 15 to June 20,1993, if the rate
of simple interest is 14%.
2. How long will it take P500 to be four times in value if invested at the rate of 7% compounded semi-annually? What is
the effective rate of interest?
3. if the sum of P15,000 is deposited in an account earning 4% per annum compounded quarterly, what will be the amount
of the deposit at the end of 5 years?

Quiz #2
1. Determine the ordinary and exact simple interests on P5,000 for the period from January 15 to June 20,1993, if the rate
of simple interest is 14%.
2. How long will it take P500 to be four times in value if invested at the rate of 7% compounded semi-annually? What is
the effective rate of interest?
3. if the sum of P15,000 is deposited in an account earning 4% per annum compounded quarterly, what will be the amount
of the deposit at the end of 5 years?

Quiz #2
1. Determine the ordinary and exact simple interests on P5,000 for the period from January 15 to June 20,1993, if the rate
of simple interest is 14%.
2. How long will it take P500 to be four times in value if invested at the rate of 7% compounded semi-annually? What is
the effective rate of interest?
3. if the sum of P15,000 is deposited in an account earning 4% per annum compounded quarterly, what will be the amount
of the deposit at the end of 5 years?

Quiz #2
1. Determine the ordinary and exact simple interests on P5,000 for the period from January 15 to June 20,1993, if the rate
of simple interest is 14%.
2. How long will it take P500 to be four times in value if invested at the rate of 7% compounded semi-annually? What is
the effective rate of interest?
3. if the sum of P15,000 is deposited in an account earning 4% per annum compounded quarterly, what will be the amount
of the deposit at the end of 5 years?

Quiz #2
1. Determine the ordinary and exact simple interests on P5,000 for the period from January 15 to June 20,1993, if the rate
of simple interest is 14%.
2. How long will it take P500 to be four times in value if invested at the rate of 7% compounded semi-annually? What is
the effective rate of interest?
3. if the sum of P15,000 is deposited in an account earning 4% per annum compounded quarterly, what will be the amount
of the deposit at the end of 5 years?

Quiz #2
1. Determine the ordinary and exact simple interests on P5,000 for the period from January 15 to June 20,1993, if the rate
of simple interest is 14%.
2. How long will it take P500 to be four times in value if invested at the rate of 7% compounded semi-annually? What is
the effective rate of interest?
3. if the sum of P15,000 is deposited in an account earning 4% per annum compounded quarterly, what will be the amount
of the deposit at the end of 5 years?

Quiz #2
1. Determine the ordinary and exact simple interests on P5,000 for the period from January 15 to June 20,1993, if the rate
of simple interest is 14%.
2. How long will it take P500 to be four times in value if invested at the rate of 7% compounded semi-annually? What is
the effective rate of interest?
3. if the sum of P15,000 is deposited in an account earning 4% per annum compounded quarterly, what will be the amount
of the deposit at the end of 5 years?