GENERAL MATHEMATICS Flashcards
REVIEWER
What is referred to the amount paid or earn for the use of money
Interest
The simple interest formula is I=prt what does the t represents?
Time or term
What is referred to as the amount of money borrowed or invested on the origin date
Principal
Which interest is computed on the principal and then added to it
SIMPLE INTEREST
Given that P=P5.250, r= 1.25% and 15 years, find the simple interest
P328.13
Joy has P100,000.00 to invest at 1.11% compounded monthly. What is the total number of compounding frequency if the investment matures after 6 years?
12
Joy has 100,000.00 to invest at 1.11% compounded monthly. How much is the compound interest after 4 years?
P 4,537.90
It is a type of annuity where the payments are made at the end of each period.
ORDINARY ANNUITY
This refers to the **sequence of payments ** made at equal intervals or period of time.
ANNUITY
It is an annuity where the payment interval is the same as the period of interest.
SIMPLE ANNUITY
If the investment amounting P35,000 earned an interest of P2,500 how much will be the maturity value?
P37,500
Gerson Joseph has 300,000.00 to Invest at 1.12% compounded quarterly. How much is the interest rate per conversion period?
0.28%
Which of the following refers to the value of an annuity at the beginning of the term?
PRESENT VALUE
Which of the following is the formula to find the simple interest?
I=Prt
What is the term that refers to payment received or payments or deposits made?
cash flow
What is defined as an annuity where the length of the payment interval is not the same as the length of the interest compounding period?
GENERAL ANNUITY