928, A time deposit of P110,000 for 31days earns P890.

39 on
maturity date after deducting the 20% withholding tax on interest
income. Find interest per annum.

 A. 12.5%
 B. 11.95%
 C. 12.25%
 D. 11.75%
929. A bank charges 12% simple interest on a P300.00 loan. How
much will be repaid if the loan is paid back in one lump sum after three
years.

 A. P 408.00
 B. P 551.00
 C. P415.00
 D. P450.00
930. A tag price of a certain commodity is for 100 days. If paid in 31
days, there is 3%discount. What is the simple interest paid?

 A. 12.5%
 B. 6.25%
 C. 22.32%
 D. 16.14%
931. Accumulate P5,000.00 for 10 years at 8% compounded
quarterly.

 A. P 12,456.20
 B. P 13,876.50
 C. P10,345.80
 D. P11,040.20
932. Accumulate P5,000.00 for 10 years at 8% compounded
semi-annually.

 A. P 10,955.61
 B. P 10,233.67
 C. P9,455.67
 D. P11,876.34
933. Accumulate P5,000.00 for 10 years at 8% compounded monthly

 A. P 15,456.75
 B. P 11,102.61
 C. P10,955.61
 D. P10,955.61
934. Accumulate P5,000.00 for 10 years at 8% compounded
annually.

 A. P 10,794.62
 B. P 8,567.97
 C. P10,987.90
 D. P7,876.87
935. How long it will take P1,000 to amount to P1,346 if invested at
6% compounded quarterly.

 A. 3 years
 B. 4 years
 C. 5 years
 D. 6 years
936. How long will it take for an investment to double its amount if
invested at an interest rate of 6% compounded bi-monthly

 A. 10 years
 B. 12 years
 C. 13 years
 D. 14 years
937. If the compound interest on P3,000.00 in years is P500.00 then
the compound interest on P3,000.00 in 4 years is:

 A. P 956.00
 B. P 1,083.00
 C. P1,125.00
 D. P1,526.00
938. The salary of Mr. Cruz is increased by 30%every 2 years
beginning January 1, 1982. Counting from that date, at what year will
his salary just exceed twice his original salary?

 A. 1988
 B. 1989
 C. 1990
 D. 1991
939. If you borrowed P10,000 from the bank with 18% interest per
annum, what is the total amount to be repaid at the end of one year.

 A. P 11,800.00
 B. P 19,000.00
 C. P28,000.00
 D. P10,180.00
940. What is the effective rate for an interest rate at 12%
compounded continuously?

 A. 12.01%
 B. 12.89%
 C. 12.42%
 D. 12.75%
Answer: D

941. How long it will take for an investment to fivefold its amount if
money is worth 14%compounded semiannually.

 A. 11
 B. 12
 C. 13
 D. 14
942. An interest of 8% compounded semiannually is how many
percent if compounded quarterly?

 A. 7.81%
 B. 7.85%
 C. 7.92%
 D. 8.01%
943. A man is expecting to receive P450,000.00 at the end of 7 years.
If money is worth 14% compounded quarterly how much is it worth at
present?

 A. P 125,458.36
 B. P 147,456.36
 C. P162,455.63
 D. P171,744.44