Question
help me with this no need for long explanation Question 31 Bruno was given Php 2000 when he turned 3 years old. His parents invested
help me with this no need for long explanation
Question31
Bruno was given Php 2000 when he turned 3 years old. His parents invested it a 2% interest rate compounded quarterly. No deposits or withdrawals were made, how much money Bruno had in the account when he turned 16?
Select one:
a.Php 2645.65
b.Php 25,285.62
c.Php 2752.06
d.Php 2592.18
Question32
A certain amount of money at simple interest amounts to Php 825 in 10 years and to Php 750 in 8 years. The principal of the loan be...( to the nearest whole number )
Select one:
a.Php 600
b.Php 560
c.Php 550
d.Php 450
e.Php 500
Question33
What simple interest rate is equivalent to 5.5 % compounded semi annually for 15 years.
Select one:
a.8.38 %
b.5.84 %
c.6.56 %
d.9.34 %
e.7.46 %
Question34
At what nominal rate compounded semi-annually will Php 18,000.00 amount to Php 25,000.00 in 5 years?
Select one:
a.6.69 %
b.6.68 %
c.6.67 %
d.3.34 %
e.3.43 %
Question35
A certain amount of money at simple interest amounts to Php 560 in 3 years and to P600 in 5 years. Find the rate of interest.
Select one:
a.3 %
b.6 %
c.5 %
d.7 %
e.4 %
Question36
How much will Php 1,500 amount to in 4 years and 6 months at 7 % compounded semi annually?
Select one:
a.Php 1,306.80
b.Php 2,563.03
c.Php 2,044.35
d.Php 2,853.25
Question37
At what rate compounded monthly will a certain amount be 6 times of that amount in 25 years?
Select one:
a.10.6 %
b.10.52 %
c.7.19 %
d.20 %
e.11.34 %
Question38
Find the rate compounded quarterly at which Php 3,000 accumulate to Php 5,500 at the end of 3.25 years.(answer in 2 decimal places)
Select one:
a.4.77 %
b.76.36 %
c.19.09 %
d.15.43 %
e.61.72 %
Question39
How much must be invested today at 10% compounded semi annually for 25 years, to produce Php 15,000?
Select one:
a.Php 162,520
b.Php 1,803
c.Php 156,342
d.Php 1,384.44
e.Php 1,803
Question40
When will Php 11,000.00 accumulate to Php 22,000.00 if it is invested at 14% compounded quarterly?
Select one:
a.5.04 years
b.5.2 years
c.20.15 years
d.20.51 years
e.20 years
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