At what simple interest rate per annum will Ᵽ25,000 accumulate to Ᵽ33,000 in 5 years?

6.4%

6%

0.64%

64%

If Jenny borrowed Ᵽ88,800 at an annual simple interest rate of 10.25% for one and a half
year, how much interest should he pay?

Ᵽ15,363.00

Ᵽ16,353.00

Ᵽ13,653.00

Ᵽ16,353.00

How long will Ᵽ250,000 earn an interest of Ᵽ275 at 0.5% simple interest?

2.2 years

0.22 years

2 years

22 years
If an entrepreneur applies for a loan amounting to Ᵽ500,000 in a bank, the simple interest of
which is Ᵽ157,500 for 3 years, what interest rate is being charged?

1.05%

0.105%

105%

10.5%

When the total number of conversion periods is 24 and the term is 6 years, then money is
compounded ____________. 

Annually

Monthly

Quarterly

Semi-annually  

How much should Anne set aside and invest in a fund earning 2% compounded quarterly if
she needs Ᵽ75,000 in 1 year and 3 months?

Ᵽ71,095.44

Ᵽ73,152.80

Ᵽ70,000.00

Ᵽ70,990.90
How much money should Klara place in a time deposit in a bank that pays 1.1%
compounded annually so that she will have Ᵽ200,000 after 6 years?

Ᵽ113,567.71

Ᵽ187,293.65

Ᵽ157,657.53

Ᵽ164,342.82

How long will a principal earn an interest equal to half of it at 5% simple interest?

10 years

3 years

9 years

6 years

Find the amounts of interest and maturity value of a loan for Ᵽ20,000 at 6% compound
interest for 3 years?

Ᵽ32,587.57 ; Ᵽ12,587.57

Ᵽ24,028.12 ; Ᵽ4,028.12

Ᵽ23,820.32 ; Ᵽ3,820.32

Ᵽ46,535.20 ; Ᵽ26,535.20
It is a fraction or a percentage being computed to a sum of money.

Principal

Present value

Future value

Interest
It is where the payment is not the same as the interest compounding period.

Simple annuity

Compound interest

Simple interest

General annuity

Clear my choice

It is the interest computed on the principal and also on the accumulated past interests.

Compound interest

Simple annuity

General annuity

Simple interest

Clear my choice
It is the amount of time, in years, that the money is borrowed or invested. 

Principal

Rate

Future value

Term
When invested at an annual interest rate of 7%, an amount earned Ᵽ11,200 of simple
interest in two years. How much money was originally invested?

Ᵽ8,000.00

Ᵽ80,000.00

Ᵽ800.00

Ᵽ800,000.00
At what simple interest rate will an amount of money double itself in 10 years?

30%

10%

40%

20%
It is the percentage of increase of investment.

Principal

Rate

Maturity Value

Interest
At what simple interest rate per annum will Ᵽ360,000 accumulate to Ᵽ363,600 in 2 years?

0.5%

5%

50%

0.05%
Luisa invested a certain amount at 8% simple interest rate per year. After 6 years, the
interest she received amounted to Ᵽ48,000. How much did she invest?

Ᵽ110,000.00

Ᵽ130,000.00

Ᵽ100,000.00

Ᵽ120,000.00
It is the amount to be paid to the lender at the end of the term. 

Interest

Rate

Principal

Maturity Value
When money is compounded monthly, the frequency of conversion is _________.

365

12

2
Angel deposited Ᵽ20,000 in a bank that pays 0.5% simple interest. How much will be her
money after 6 years? 

Ᵽ20,600.00

Ᵽ20,700.00

Ᵽ20,500.00

Ᵽ20,800.00
In order to have Ᵽ200,000 in 3 years, how much should you invest if the simple interest is
5.5%?

Ᵽ171,673.82

Ᵽ117,673.82

Ᵽ117,673.83

Ᵽ171,673.83
When the total number of conversion periods is 12 and the term is 6 years, then money is
compounded ____________. 

Annually

Monthly

Semi-annually 

Quarterly
It is the original amount of money borrowed or invested.

Future Value

Interest

Principal

Rate
At what simple interest rate per annum will Ᵽ50,000 accumulate to Ᵽ59,500 in 2 years?

9.05%

9.5%

0.95%

0.095%
A savings account in a bank yields 0.25% compound interest annually. Find the future value
of Ᵽ25,000 for 4 years in this savings account. How much interest will be gained?

Ᵽ25,250.94; Ᵽ250.94

Ᵽ28,028.12 ; Ᵽ3,028.12

Ᵽ27,540.72 ; Ᵽ2,540.72

Ᵽ26,555.60 ; Ᵽ1,555.60
Kenneth borrowed Ᵽ5,000 at 5% annual simple interest rate. If he decided to pay after 1 year
and 3 months, how much should he pay by then?

Ᵽ5,312.50

Ᵽ5,231.50

Ᵽ5,132.50

Ᵽ5,213.50
When invested at an annual interest rate of 2.5%, an amount earned Ᵽ1,500 of simple
interest in four years. How much money was originally invested?

Ᵽ1,500.00
Ᵽ150,000.00

Ᵽ15,010.00

Ᵽ15,000.00
How long will Ᵽ40,000 amount to Ᵽ51,200 if the simple interest rate is at 12% per annum?

233 years

23.3 years

2.33 years

None of the choices

It is the money that you earn after a certain period of your money being in a bank for
safekeeping.

Future Value

Present Value

Principal

Interest
It is the amount paid or earned for the use of money.

Interest

Principal

Rate

Maturity Value
How much must be deposited by a 15-year old student in a bank that pays 1%
compounded annually so that after 10 years he will save Ᵽ20,000?

Ᵽ19,327.00

Ᵽ16,113.99

Ᵽ15,000.90

Ᵽ18,105.74
How long will Ᵽ175,500 amount to Ᵽ500,000 if the simple interest rate is at 10.5% per
annum?

17.61 years

12.56 years

15.34 years

11.22 years
It is where compounding and payment period happen at the same time.

Compound interest

Simple interest

General annuity

Simple annuity
What is the present value of Ᵽ50,000 due in 7 years if money is worth 10% compounded
annually?

Ᵽ28,567.91

Ᵽ27,656.91

Ᵽ26,557.91

Ᵽ25,657.91
Maricris deposited Ᵽ880,000 in a bank that pays 9.25% simple interest. How much will be
her money after 2.5 years? 

Ᵽ1,083,600.00

Ᵽ1,083,500.00

Ᵽ1,830,500.00

Ᵽ1,803,500.00

How much money should Joanne invest to obtain an amount of Ᵽ30,000 in 4 years if money
earns at 8% compounded annually?
Ᵽ20,517.01

Ᵽ22,050.90

Ᵽ25,457.23

Ᵽ23,233.69
Accumulate Ᵽ15,000 for 2 years at 15% compounded monthly.

Ᵽ18,105.74

Ᵽ16,113.99

Ᵽ25,000.90

Ᵽ20,210.27
It refers to an investment agreement between a depositor and a financial institution that
promises to pay out a steady amount of money over a term.

Annuity

Interest

Bonds

Stocks

It is the date on which the money borrowed is to be completely repaid.

Origin date

None of the above

Loan date

Maturity date
It is the interest rate that determines the amount of money will earn

Principal

Rate

Future value

Term
If an entrepreneur applies for a loan amounting to Ᵽ36,000 in a bank, the simple interest of
which is 4,860 for 1.5 years, what interest rate is being charged?

90%

9%

0.09%

0.9%

In order to have Ᵽ110,000 in 5 years, how much should you invest if the simple interest is
2%?
Ᵽ80,000.00

Ᵽ70,000.00

Ᵽ100,000.00

Ᵽ90,000.00
How long will an amount of money double at a simple interest rate of 2% per annum?

50 years

40 years

70 years 

60 years
A businessman invested Ᵽ100,000 in a fund that pays 10.5% compounded annually for 5
years. How much was in the fund at the end of the term?

Ᵽ193,547.05

Ᵽ155,960.00

Ᵽ164,744.68

Ᵽ180,115.94

It is the value of the debt or investment at present day.

Interest
Rate

Maturity Value

Principal

How long will Ᵽ157,500 amount to Ᵽ457,000 if the simple interest rate is at 10.5% per
annum?

18 years 

11.88 years

15.11 years

18.11 years

When invested at an annual interest rate of 10.5%, an amount earned Ᵽ157,500 of simple
interest in five years. How much money was originally invested?

Ᵽ300,000.00

Ᵽ3,000.00

Ᵽ300.00

Ᵽ30,000.00

The person or institution who has money to invest or make available to people who needs
to borrow.

Borrower
None of the choices

Lender

Debtor
It is the interest that is computed on the principal then added to it.

Compound interest

Simple annuity

Simple interest

General annuity