A. Interest
B. Rate of interest
C. Simple interest
D. Principal
Related Mcqs:
- Engr. Trinidad loans from a loan firm an amount of P100,000 with a rate of simple interest of 20% but the interest was deducted from the loan at the time the money was borrowed. If at the end of one year, she has to pay the full amount of P100,000, what is the actual rate of interest ?
A. 23.5 %
B. 24.7 %
C. 25.0 %
D. 25.8 % - A college freshman borrowed P2,000 from a bank for his tuition fee and promised to pay the amount for one year. He received only the amount of P1,920 after the bank collected the advance interest of P80.00. What was the rate of discount ?
A. 3.67 %
B. 4.00 %
C. 4.15 %
D. 4.25 % - A loan for P50,000 is to be paid in 3 years at the amount of P65,000. What is the effective rate of money ?
A. 9.01 %
B. 9.14 %
C. 9.31 %
D. 9.41 % - A young engineer borrowed P 10,000 at 12% interest and paid P 2,000 per annum for the last 4 years. What does he have to pay at the end of the fifth year in order to pay off his loan ?
A. P 6,999.39
B. P 6,292.93
C. P 6,222.39
D. P 6,922.93 - Mr. Bacani borrowed money from the bank. He received from the bank P1,842 and promised to repay P2,000 at the end of 10 months. Determine the rate of simple interest?
A. 12.19 %
B. 12.03 %
C. 11.54 %
D. 10.29 % - Miss Evilla borrowed money from a bank. She receives from the bank P1,340.00 and promised to pay P1,500.00 at the end of 9 months. Determine the corresponding discount rate or often referred to as the “banker’s discount”?
A. 13.15 %
B. 13.32 %
C. 13.46 %
D. 13.73 % - What refers to the cost of borrowing money or the amount earned by a unit principal per unit time ?
A. Yield rate
B. Rate of return
C. Rate of interest
D. Economic return - What refers to the cumulative effect of elapsed time on the money value of an event, based on the earning power of equivalent invested funds capital should or will earn ?
A. Present worth factor
B. Interest rate
C. Time value of money
D. Yield - A feasibility study shows that a fixed capital investment of P10,000,000 is required for a proposed construction firm and an estimated working capital of P2,000,000. Annual depreciation is estimated to be10% of the fixed capital investment. Determine the rate of return on the total investment if the annual profit is P3,500,000?
A. 28.33 %
B. 29.17 %
C. 30.12 %
D. 30.78 % - What refers to the need, want or desire for a product backed by the money to purchase it ?
A. Supply
B. Demand
C. Product
D. Good
