Simple interest
this is the amount that a person gets or pays on top of the original investment or loan?
Interest
interest calculated on the total of the principal and previously calculated interest?
compound interest
What is the only even prime number?
2
In the formula, what does T represents?
Time
What is the frequency of a Bimonthly?
6
√7
49
The due date of the payment of the principal?
Maturity Date
The letter that usually used to represent the principal in interest formulas
P
How many degrees are there in a circle?
360°
If a person borrows ₱100 from another person with a 5% simple interest, then in one year the interest on top of the borrowed money will be ₱5. What is the time of interest?
1 year
if no money is invested, the compound interest earned is?
0
What is an octagon?
A polygon with 8 sides
The simple interest on ₱1,000 at 10% for 1 year
100
Jeff borrowed ₱20,000 at 8% compounded quarterly for a year. What is the nominal rate?
8%
What is the next prime number after 29?
31