interest, discount, equivalent rates

8/18/2019 Interest, Discount, Equivalent Rates

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Choose the letter of the correct answer.

1. Find the interest on Php55,000 at 5 ½% simple interest for 4 years.a) Php12,500b) Php11,980

) Php11,400d) Php12,100

2. Find the amo!nt on Php150,000 at " #% simple interest for 10 months.a) Php155,$45.50b) Php15,812.50) Php159,214.25d) Php158,54$."5

$. &f a prinipal of Php12,500 earns interest of Php1,20 in 2 years and 9 months, 'hatinterest rate is in e(eta) 5%b) 4%) 4.5%d) "%

4. * prinipal earns interest of Php1,9"0 in $ years and " months at a simple interest rate of " ½%. Find the prinipal in+ested.a) Php8,512.4$b) Php8,"00.15) Php8,"15.$9d) Php8,00.0$

5. o' lon- 'ill it tae for Php80,000 to earn Php24,000, if it is in+ested at " ½% simpleinteresta) 5.02 yearsb) 4.12 years) 4."2 yearsd) 4.92 years

". Find the at!al time from *pril 21, 2011 to /tober 4, 2011.a) 1"" daysb) 1"$ days) 1"5 daysd) 1" days

. r. aria borro'ed Php480,000 for 9 months from s. *ndres 'ho har-ed 5 %diso!nt interest. o' m!h money did r. aria reei+ea) Php45,250b) Php4"2,90

) Php459,$00d) Php4"5,400

8. o' m!h loan 'o!ld r. 3nri!e as for if he needs Php25,000 ash 'hih 'ill berepaid in 1 year and $ months 'ith 5 465% diso!nt interesta) Php2,12".$2b) Php2",0$4.94) Php2",954.18


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d) Php25,"5.$"

9. *t 'hat rate ompo!nded monthly 'ill Php4,222 a!m!late to Php1",444 in 2 years and10 monthsa) 48.9"%b) 4".98%

) 40.80%d) 49.8"%

10. o' lon- 'ill it tae for Php5,115 to amo!nt to Php11,"20, if in+ested at 8%, m 71

a) 11.08 yearsb) 8.25 years) 9.$4 yearsd) 10."" years

11. iso!nt Php9,00 for " years and $ months at 5% ompo!nded !arterly.a) Php,510.2b) Php,902.$4) Php8,001.28

d) Php,110.4$

12. Find the present +al!e of Php8,400 d!e at the end of 4 years and 4 months, if money is'orth "% ompo!nded monthly.a) Php",814.$0b) Php",184.0$) Php",481.0$d) Php5,998.$5

1$. hat rate ompo!nded semi:ann!ally is e!i+alent to % ompo!nded !arterlya) ".89%b) .0"%) .2"%d) ".5"%

14. Find the rate on+erted !arterly 'hih is e!i+alent to % e(eti+e.a) ".09%b) ".98%) ".29%d) ".82%

15. &f interest is ompo!nded !arterly, ;nd the nominal rate 'hih yield an e(eti+e rate of 2 # %.a) 2.2$%b) $.02%) 2.92%d) 2.$2%


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Answers

Choose the letter of the correct answer.

1. Find the interest on Php55,000 at 5 ½% simple interest for 4 years.a) Php12,500b) Php11,980

) Php11,400d) Php12,100

2. Find the amo!nt on Php150,000 at " #% simple interest for 10 months.a) Php155,$45.50b) Php157,812.50) Php159,214.25d) Php158,54$."5

$. &f a prinipal of Php12,500 earns interest of Php1,20 in 2 years and 9 months, 'hatinterest rate is in e(eta) 5%b) 4%) 4.5%d) "%

4. * prinipal earns interest of Php1,9"0 in $ years and " months at a simple interest rate of " ½%. Find the prinipal in+ested.a) Php8,512.4$b) Php8,"00.15c) Php8,615.39d) Php8,00.0$

5. o' lon- 'ill it tae for Php80,000 to earn Php24,000, if it is in+ested at " ½% simpleinteresta) 5.02 yearsb) 4.12 yearsc) .62 !earsd) 4.92 years

". Find the at!al time from *pril 21, 2011 to /tober 4, 2011.a) 166 da!sb) 1"$ days) 1"5 daysd) 1" days

. r. aria borro'ed Php480,000 for 9 months from s. *ndres 'ho har-ed 5 %diso!nt interest. o' m!h money did r. aria reei+ea) Php45,250b) Php4"2,90

c) Php59,300d) Php4"5,400

8. o' m!h loan 'o!ld r. 3nri!e as for if he needs Php25,000 ash 'hih 'ill berepaid in 1 year and $ months 'ith 5 465% diso!nt interesta) Php2,12".$2b) Php2",0$4.94c) Php26,95.18


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d) Php25,"5.$"

9. *t 'hat rate ompo!nded monthly 'ill Php4,222 a!m!late to Php1",444 in 2 years and10 monthsa) 8.96%b) 4".98%

) 40.80%d) 49.8"%

10. o' lon- 'ill it tae for Php5,115 to amo!nt to Php11,"20, if in+ested at 8%, m 71

a) 11.08 yearsb) 8.25 years) 9.$4 yearsd) 10.66 !ears

11. iso!nt Php9,00 for " years and $ months at 5% ompo!nded !arterly.a) Php,510.2b) Php,902.$4) Php8,001.28

d) Php7,110.3

12. Find the present +al!e of Php8,400 d!e at the end of 4 years and 4 months, if money is'orth "% ompo!nded monthly.a) Php",814.$0b) Php",184.0$c) Php6,81.03d) Php5,998.$5

1$. hat rate ompo!nded semi:ann!ally is e!i+alent to % ompo!nded !arterlya) ".89%b) 7.06%) .2"%d) ".5"%

14. Find the rate on+erted !arterly 'hih is e!i+alent to % e(eti+e.a) ".09%b) ".98%) ".29%d) 6.82%

15. &f interest is ompo!nded !arterly, ;nd the nominal rate 'hih yield an e(eti+e rate of 2 # %.a) 2.23%b) $.02%) 2.92%d) 2.32%

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