← SetsBusiness Mathematics — Set 2
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Business Mathematics Practice Questions — Set 2
10 free Business Mathematics reviewer questions with answers and explanations. Pindutin ang sagot mo para makita agad kung tama — kasama na ang paliwanag. Set 2 of 8.
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What is the difference between simple and compound interest?
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You invest ₱25,000 at 7% simple interest. What is the maturity value after 4 years?
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At what rate will ₱40,000 accumulate to ₱46,000 in 3 years using simple interest?
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If you borrow money at 15% simple interest and pay ₱4,500 interest for 6 months, what was borrowed?
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What happens to simple interest if the principal is doubled?
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What is the compound interest formula?
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If you invest ₱10,000 at 8% compounded annually for 3 years, what is the maturity value?
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What does "compounded quarterly" mean?
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What is the formula for compound interest with multiple compounding periods per year?
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