1. QUIZ NO. 1
I. Give the formula of the following:
1. Simple Interest(I)
2. Final Amount (FA)
3. Future Value (Simple Interest)
4. PresentValue (Simple Interest)
5. Future Value (CompoundInterest)
II. Complete the table.
F P R T I
6. ________ P 1 000 000 5% 6 months 7. _______
P 21 000 8. _________ 7% 1 year 9. _______
10. _________ P 50 000 2.5 2 years 11. _______
III. Analyze and solve the followingword problems usingGUFSA.
12. Your parents placeda time depositin Bank WXYfor P 500 000 with an interestrate 3%
compoundedtwice a year. How much will be the future value after 5 years?
13. You are ready to investin a mutual fundof Bank HIJ with your funds amountingto P 1
000 000 at 8% annual simple interestrate. How much will be the future value after5
years?
14. Compute for the future value of a salary loan worth P 35 000 at 8% for 3.5 years.
15. Your house was struck by a strong typhoon a year ago, and you don’t have enough
fundsfor house repair.You appliedfor a calamity loan from your bank amounting to P
100 000 at 3% annual simple interestrate for 2 years. How much is your interest?
“Mahulog naako sakanal, wag lang sa taong hindi ko mahal este,
wag lang ang grade ko sa Math.”
QUIZ NO. 1
I. Give the formula of the following:
1. Simple Interest(I)
2. Final Amount (FA)
3. Future Value (Simple Interest)
4. PresentValue (Simple Interest)
5. Future Value (CompoundInterest)
II. Complete the table.
F P R T I
6. ________ P 1 000 000 5% 6 months 7. _______
P 21 000 8. _________ 7% 1 year 9. _______
10. _________ P 50 000 2.5 2 years 11. _______
III. Analyze and solve the followingword problemsusingGUFSA.
12. Your parents placeda time depositin Bank WXYfor P 500 000 with an interestrate 3%
compoundedtwice a year. How much will be the future value after 5 years?
13. You are ready to investin a mutual fundof Bank HIJ with your funds amountingto P 1
000 000 at 8% annual simple interestrate. How much will be the future value after5
years?
14. Compute for the future value of a salary loan worth P 35 000 at 8% for 3.5 years.
15. Your house was struck by a strong typhoon a year ago, and you don’t have enough
fundsfor house repair.You appliedfor a calamity loan from your bank amounting to P
100 000 at 3% annual simple interestrate for 2 years. How much is your interest?
“Mahulog naako sakanal, wag lang sa taong hindi ko mahal este,
wag lang ang grade ko sa Math.”