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Financial Math Quiz for HUMSS Students

The document contains instructions for a quiz with multiple sections on financial mathematics concepts like compound interest, present value, time value of money, and interest rates. It provides example calculation problems for students to solve involving topics like compound amount, present value, time, interest rates, and nominal vs. effective rates. The problems include accumulating amounts, finding loan balances, determining investment growth over time, calculating interest charges, and comparing interest rates.

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Alice Habla
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0% found this document useful (0 votes)
540 views12 pages

Financial Math Quiz for HUMSS Students

The document contains instructions for a quiz with multiple sections on financial mathematics concepts like compound interest, present value, time value of money, and interest rates. It provides example calculation problems for students to solve involving topics like compound amount, present value, time, interest rates, and nominal vs. effective rates. The problems include accumulating amounts, finding loan balances, determining investment growth over time, calculating interest charges, and comparing interest rates.

Uploaded by

Alice Habla
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Alice B.

Habla
HUMSS 11-9

Week 8: Quiz
Instructions
Solve the following problem:
A. Compound Amount and Compound Interest

1. Accumulate Php 25,000 for 8 years at 6% compounded quarterly.


2. Find the amount due and interest for a loan of Php 50,500 at 5% compounded
semiannually for 6 years.
3. Jay invested Php 150,000 in a cooperative that offers 3% interest compounded quarterly.
What sum of money he will receive at the end of 7 years?
4. Determine the final amount and interest if Php 20,150 is invested at 15% compounded
semiannually for 3 years.
5. On Francine’s 7th birthday his father deposited Php 35,000 in her savings bank paying 2.5%
every month. Find the value of saving when she reaches the age of 18.

B. Present Value

1. Find the present value of Php 45,100 due in 3 ½ years if the loan interest is 12%
compounded annually.
2. In order to earn the amount of Php 65,000 in 3 years, what amount should be invested at
9% compounded quarterly.
3. Lucy had paid a down payment of Php 150,000 for a brand new car which cost Php
900,000. Stated on the contract the balance shall be paid in 5 years at 6% compounded
monthly.

C. Time

1. How long it will take for Php 7,500 to accumulate to Php 11,000 at 8% compounded
monthly?
2. A loan of Php 11,000 at 6% compounded quarterly, what term of payment if desired to limit
the maturity amount to Php 25,000.
3. Cecil is planning to put a business; her available fund is Php 500,000 while her planned
business capital requirement is Php 750,000. If going to invest, how long she will invest the
available fund at 9% compounded monthly?
D. Interest Rate

1. Find the bank interest charges of a loan of Php 25,600 for 12 years compounded quarterly
if the maturity value is limited to Php 48,000.
2. A sum of Php 125,000 is invested for 8 years amounts to Php 500,000. At what rate
compounded semi-annually is the interest?
3. At what rate compounded semiannually if the amount of Php 50,000, earned Php 6,300 at
the end of 3 years?

E. Nominal and Effective Rate

1. Solve for the effective rate which is equivalent to a nominal rate of 12% compounded
semiannually.
2. What nominal rate compounded annually is equal to an effective rate of 2.5%
3. If the amount of Php 75,000 will be invested, which among the terms earns a higher rate:

a. 5% compounded semi-annually; or
b. 3.5% converted monthly.
April May Rosantina
HUMSS 11-9

Week 8: Quiz
Instructions
Solve the following problem:
A. Compound Amount and Compound Interest

6. Accumulate Php 25,000 for 8 years at 6% compounded quarterly.


7. Find the amount due and interest for a loan of Php 50,500 at 5% compounded
semiannually for 6 years.
8. Jay invested Php 150,000 in a cooperative that offers 3% interest compounded quarterly.
What sum of money he will receive at the end of 7 years?
9. Determine the final amount and interest if Php 20,150 is invested at 15% compounded
semiannually for 3 years.
10. On Francine’s 7th birthday his father deposited Php 35,000 in her savings bank paying 2.5%
every month. Find the value of saving when she reaches the age of 18.

B. Present Value

4. Find the present value of Php 45,100 due in 3 ½ years if the loan interest is 12%
compounded annually.
5. In order to earn the amount of Php 65,000 in 3 years, what amount should be invested at
9% compounded quarterly.
6. Lucy had paid a down payment of Php 150,000 for a brand new car which cost Php
900,000. Stated on the contract the balance shall be paid in 5 years at 6% compounded
monthly.

C. Time

4. How long it will take for Php 7,500 to accumulate to Php 11,000 at 8% compounded
monthly?
5. A loan of Php 11,000 at 6% compounded quarterly, what term of payment if desired to limit
the maturity amount to Php 25,000.
6. Cecil is planning to put a business; her available fund is Php 500,000 while her planned
business capital requirement is Php 750,000. If going to invest, how long she will invest the
available fund at 9% compounded monthly?
D. Interest Rate

4. Find the bank interest charges of a loan of Php 25,600 for 12 years compounded quarterly
if the maturity value is limited to Php 48,000.
5. A sum of Php 125,000 is invested for 8 years amounts to Php 500,000. At what rate
compounded semi-annually is the interest?
6. At what rate compounded semiannually if the amount of Php 50,000, earned Php 6,300 at
the end of 3 years?

E. Nominal and Effective Rate

4. Solve for the effective rate which is equivalent to a nominal rate of 12% compounded
semiannually.
5. What nominal rate compounded annually is equal to an effective rate of 2.5%
6. If the amount of Php 75,000 will be invested, which among the terms earns a higher rate:

a. 5% compounded semi-annually; or
b. 3.5% converted monthly
Jonnamarie B. Magtibay
HUMSS 11-9

Week 8: Quiz
Instructions
Solve the following problem:
A. Compound Amount and Compound Interest

11. Accumulate Php 25,000 for 8 years at 6% compounded quarterly.


12. Find the amount due and interest for a loan of Php 50,500 at 5% compounded
semiannually for 6 years.
13. Jay invested Php 150,000 in a cooperative that offers 3% interest compounded quarterly.
What sum of money he will receive at the end of 7 years?
14. Determine the final amount and interest if Php 20,150 is invested at 15% compounded
semiannually for 3 years.
15. On Francine’s 7th birthday his father deposited Php 35,000 in her savings bank paying 2.5%
every month. Find the value of saving when she reaches the age of 18.

B. Present Value

7. Find the present value of Php 45,100 due in 3 ½ years if the loan interest is 12%
compounded annually.
8. In order to earn the amount of Php 65,000 in 3 years, what amount should be invested at
9% compounded quarterly.
9. Lucy had paid a down payment of Php 150,000 for a brand new car which cost Php
900,000. Stated on the contract the balance shall be paid in 5 years at 6% compounded
monthly.

C. Time

7. How long it will take for Php 7,500 to accumulate to Php 11,000 at 8% compounded
monthly?
8. A loan of Php 11,000 at 6% compounded quarterly, what term of payment if desired to limit
the maturity amount to Php 25,000.
9. Cecil is planning to put a business; her available fund is Php 500,000 while her planned
business capital requirement is Php 750,000. If going to invest, how long she will invest the
available fund at 9% compounded monthly?
D. Interest Rate

7. Find the bank interest charges of a loan of Php 25,600 for 12 years compounded quarterly
if the maturity value is limited to Php 48,000.
8. A sum of Php 125,000 is invested for 8 years amounts to Php 500,000. At what rate
compounded semi-annually is the interest?
9. At what rate compounded semiannually if the amount of Php 50,000, earned Php 6,300 at
the end of 3 years?

E. Nominal and Effective Rate

7. Solve for the effective rate which is equivalent to a nominal rate of 12% compounded
semiannually.
8. What nominal rate compounded annually is equal to an effective rate of 2.5%
9. If the amount of Php 75,000 will be invested, which among the terms earns a higher rate:

a. 5% compounded semi-annually; or
b. 3.5% converted monthly.
Robiel Ann Ronquillo
HUMSS 11-9

Week 8: Quiz
Instructions
Solve the following problem:
A. Compound Amount and Compound Interest

16. Accumulate Php 25,000 for 8 years at 6% compounded quarterly.


17. Find the amount due and interest for a loan of Php 50,500 at 5% compounded
semiannually for 6 years.
18. Jay invested Php 150,000 in a cooperative that offers 3% interest compounded quarterly.
What sum of money he will receive at the end of 7 years?
19. Determine the final amount and interest if Php 20,150 is invested at 15% compounded
semiannually for 3 years.
20. On Francine’s 7th birthday his father deposited Php 35,000 in her savings bank paying 2.5%
every month. Find the value of saving when she reaches the age of 18.

B. Present Value

10. Find the present value of Php 45,100 due in 3 ½ years if the loan interest is 12%
compounded annually.
11. In order to earn the amount of Php 65,000 in 3 years, what amount should be invested at
9% compounded quarterly.
12. Lucy had paid a down payment of Php 150,000 for a brand new car which cost Php
900,000. Stated on the contract the balance shall be paid in 5 years at 6% compounded
monthly.

C. Time

10. How long it will take for Php 7,500 to accumulate to Php 11,000 at 8% compounded
monthly?
11. A loan of Php 11,000 at 6% compounded quarterly, what term of payment if desired to limit
the maturity amount to Php 25,000.
12. Cecil is planning to put a business; her available fund is Php 500,000 while her planned
business capital requirement is Php 750,000. If going to invest, how long she will invest the
available fund at 9% compounded monthly?
D. Interest Rate

10. Find the bank interest charges of a loan of Php 25,600 for 12 years compounded quarterly
if the maturity value is limited to Php 48,000.
11. A sum of Php 125,000 is invested for 8 years amounts to Php 500,000. At what rate
compounded semi-annually is the interest?
12. At what rate compounded semiannually if the amount of Php 50,000, earned Php 6,300 at
the end of 3 years?

E. Nominal and Effective Rate

10. Solve for the effective rate which is equivalent to a nominal rate of 12% compounded
semiannually.
11. What nominal rate compounded annually is equal to an effective rate of 2.5%
12. If the amount of Php 75,000 will be invested, which among the terms earns a higher rate:

a. 5% compounded semi-annually; or
b. 3.5% converted monthly.
Rafael Joran Vitales
HUMSS 11-9

Week 8: Quiz
Instructions
Solve the following problem:
A. Compound Amount and Compound Interest

21. Accumulate Php 25,000 for 8 years at 6% compounded quarterly.


22. Find the amount due and interest for a loan of Php 50,500 at 5% compounded
semiannually for 6 years.
23. Jay invested Php 150,000 in a cooperative that offers 3% interest compounded quarterly.
What sum of money he will receive at the end of 7 years?
24. Determine the final amount and interest if Php 20,150 is invested at 15% compounded
semiannually for 3 years.
25. On Francine’s 7th birthday his father deposited Php 35,000 in her savings bank paying 2.5%
every month. Find the value of saving when she reaches the age of 18.

B. Present Value

13. Find the present value of Php 45,100 due in 3 ½ years if the loan interest is 12%
compounded annually.
14. In order to earn the amount of Php 65,000 in 3 years, what amount should be invested at
9% compounded quarterly.
15. Lucy had paid a down payment of Php 150,000 for a brand new car which cost Php
900,000. Stated on the contract the balance shall be paid in 5 years at 6% compounded
monthly.

C. Time

13. How long it will take for Php 7,500 to accumulate to Php 11,000 at 8% compounded
monthly?
14. A loan of Php 11,000 at 6% compounded quarterly, what term of payment if desired to limit
the maturity amount to Php 25,000.
15. Cecil is planning to put a business; her available fund is Php 500,000 while her planned
business capital requirement is Php 750,000. If going to invest, how long she will invest the
available fund at 9% compounded monthly?
D. Interest Rate

13. Find the bank interest charges of a loan of Php 25,600 for 12 years compounded quarterly
if the maturity value is limited to Php 48,000.
14. A sum of Php 125,000 is invested for 8 years amounts to Php 500,000. At what rate
compounded semi-annually is the interest?
15. At what rate compounded semiannually if the amount of Php 50,000, earned Php 6,300 at
the end of 3 years?

E. Nominal and Effective Rate

13. Solve for the effective rate which is equivalent to a nominal rate of 12% compounded
semiannually.
14. What nominal rate compounded annually is equal to an effective rate of 2.5%
15. If the amount of Php 75,000 will be invested, which among the terms earns a higher rate:

a. 5% compounded semi-annually; or
b. 3.5% converted monthly.
Sherwin Vince Delos Reyes
HUMSS 11-9

Week 8: Quiz
Instructions
Solve the following problem:
A. Compound Amount and Compound Interest

26. Accumulate Php 25,000 for 8 years at 6% compounded quarterly.


27. Find the amount due and interest for a loan of Php 50,500 at 5% compounded
semiannually for 6 years.
28. Jay invested Php 150,000 in a cooperative that offers 3% interest compounded quarterly.
What sum of money he will receive at the end of 7 years?
29. Determine the final amount and interest if Php 20,150 is invested at 15% compounded
semiannually for 3 years.
30. On Francine’s 7th birthday his father deposited Php 35,000 in her savings bank paying 2.5%
every month. Find the value of saving when she reaches the age of 18.

B. Present Value

16. Find the present value of Php 45,100 due in 3 ½ years if the loan interest is 12%
compounded annually.
17. In order to earn the amount of Php 65,000 in 3 years, what amount should be invested at
9% compounded quarterly.
18. Lucy had paid a down payment of Php 150,000 for a brand new car which cost Php
900,000. Stated on the contract the balance shall be paid in 5 years at 6% compounded
monthly.

C. Time

16. How long it will take for Php 7,500 to accumulate to Php 11,000 at 8% compounded
monthly?
17. A loan of Php 11,000 at 6% compounded quarterly, what term of payment if desired to limit
the maturity amount to Php 25,000.
18. Cecil is planning to put a business; her available fund is Php 500,000 while her planned
business capital requirement is Php 750,000. If going to invest, how long she will invest the
available fund at 9% compounded monthly?
D. Interest Rate

16. Find the bank interest charges of a loan of Php 25,600 for 12 years compounded quarterly
if the maturity value is limited to Php 48,000.
17. A sum of Php 125,000 is invested for 8 years amounts to Php 500,000. At what rate
compounded semi-annually is the interest?
18. At what rate compounded semiannually if the amount of Php 50,000, earned Php 6,300 at
the end of 3 years?

E. Nominal and Effective Rate

16. Solve for the effective rate which is equivalent to a nominal rate of 12% compounded
semiannually.
17. What nominal rate compounded annually is equal to an effective rate of 2.5%
18. If the amount of Php 75,000 will be invested, which among the terms earns a higher rate:

a. 5% compounded semi-annually; or
b. 3.5% converted monthly.

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