1) It is calculated on the principal, or original amount of loan a) Compound interest b) simple interest 2) It is regarded as interest on interest a) Compound interest b) simple interest 3) how much interest is earned when an amount of Php 100000 is invested with an annual interest of 8% for 5 years? a) Php 40,000 b) Php 62,000 c) Php 52, 000 d) Php 45, 000 4) A debtor borrowed Php 17,200 and after 3 years paid back the loan with a 7.1%. How much was the interest paid? a) 3512.6 b) 4543.6 c) 3243.6 d) 3663.6 5) Albert invested amount of 8000 in a fixed deposit for 2 yrs at compound interest rate of 5% per annum. How much Albert will get on tje maturity of the fixed deposit? a) 8820 b) 8730 c) 8620 d) 8510 6) What will be the compound interest on Php 25000 after 3 years at the rate of 12% per annum a) 10123.3 b) 10123.4 c) 10123.5 d) 10123.2 7) A man saves Php 200 at the end of each year and lends the money at 5% compound interest. How much will it become at the end of 3 years? a) 662.03 b) 662.01 c) 662.02 d) 662 8) Find the compound interest of Php 7500 at 4% per annum for 2 years compounded annually. a) 412 b) 512 c) 612 d) 312 9) Find the compound interest on Php 16000 at 20% per annum for 9 months compounded quarterly. a) 2520 b) 2523 c) 2521 d) 2522 10) What must be invested now in savings account earning 9% compounded quarterly to accumulate a total of Php 21,000 after 4 years? a) 10424.55 b) 12421.21 c) 11515.21 d) 14709.78

Compound Interest

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