A Simple Life
The formula for calculating simple interest.
What is I=PRT?
The formula for compound interest.
What is A=P(1+r/k)^tk?
The date is after 15 days from March 1.
What is March 16?
What is a year?
in a year, the interest is compounded 4 times.
What is quarterly?
The interest earned if you invest P1,000 at a simple interest rate of 5% for 33 years.
What is P 150?
Calculate the interest for P2000 at 4% compounded semi-annually for 3years.
What is P 252.32?
The date is 25days after April 10.
What is May 5?
An interest that uses 360 days.
What is ordinary interest?
The amount of money invested.
What is the principal?
If you have P2,500 at 4% simple interest for 55 years, what is the total amount after the interest?
What is P3,000?
The compound amount for an investment of P35,000 at 10% compounded quarterly for 5years.
What is P57,351.58?
If a task begins on July 20, find the date 60 days after.
What is September 18?
True or False: The year 2021 is a leap year.
What is False?
An account in which the bank pays interest for the use of money deposited.
What is a savings account?
True or False: Simple Interest increases linearly with time.
What is True?
Compound interest grows faster than simple interest because it earns interest on both the initial principal and the accumulated interest over time.
What is the difference between compound interest and simple interest?
50 days after February 1, 2020.
What is March 22, 2020?
18 months
What is 1.5 years?
What is True?
The rate of a loan that P5,000 earns P750 in 3 years.
What is 5%
If the compound interest P315.25 on a loan of P1,500 is compounded annually for 3 years, find the rate.
What is 6.57%?
The exact date is 90 days later than November 5, 2017.
What is February 3, 2018?
The number of days used (in a leap year) for exact interest.
What is 366 days?
If you invest P6,500 and earn a 5% return in 2 years, find the interest earned.
What is P650?