← SetsBusiness Mathematics — Set 1
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Business Mathematics Practice Questions — Set 1
10 free Business Mathematics reviewer questions with answers and explanations. Pindutin ang sagot mo para makita agad kung tama — kasama na ang paliwanag. Set 1 of 8.
1
What is the formula for simple interest?
2
If you invest ₱10,000 at 5% simple interest for 3 years, how much interest do you earn?
3
What is the maturity value formula for simple interest?
4
You borrow ₱50,000 from a lending company at 12% annual simple interest for 6 months. What is the interest?
5
If ₱20,000 earns ₱1,200 interest in 2 years, what is the simple interest rate?
6
What is ordinary interest based on?
7
You deposit ₱15,000 at BDO earning 4% simple interest. After how many years will you have ₱18,000?
8
What is the principal if simple interest of ₱2,400 is earned at 6% for 4 years?
9
Which earns more interest: ₱100,000 at 8% for 1 year, or ₱50,000 at 8% for 2 years?
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