Discrete Mathematics Final Activity

1. What is a sequence of payments made at equal periods?

A. present value B. periodic payment C. future value D. annuity
2. How much interest is charged when ₱50,000 is borrowed for 15 months at an annual simple interest rate of
10%?
A. ₱6,000 B. ₱6,250 C. ₱6,500 D. ₱6,750
3. In how many years will a principal earn an interest equal to half of it at 5% simple interest?
A. 2.5 B. 5 C. 7 D. 10
4. In how many years will a sum of money double itself at 20% simple interest?
A. 20 B. 10 C. 5 D. 3
5. In an investment that earns at 3% simple interest rate, in how many years will ₱10,000 accumulate into
₱13,600?
A. 0.12 B. 1.2 C. 12 D. 43.53
6. At what simple interest rate will a principal be tripled after 20 years?
A. 20% B. 10% C. 2% D. 1%
7. At what simple interest rate will an interest of one-fourth of the principal be earned after 10 years?
A. 25% B. 2.5% C. 0.25% D. 0.025%
8. Having only ₱50,000, an entrepreneur intends to have ₱68,000 after 7 years. Under what simple interest rate
should his chosen investment be?
A. 0.05% B. 0.06% C. 6% D. 5.14%
9. When invested at an annual interest rate of 5%, an amount earned ₱12,250 of simple interest in 2 years, how
much money was originally invested?
A. ₱122,000 B. ₱122,200 C. ₱122,500 D. ₱122,700
10. When invested at an annual interest rate of 5%, a maturity value of ₱22,000 was earned in 2 years, how much
money was originally invested?
A. ₱20,000 B. ₱10,000 C. ₱19,000 D. ₱9,000
11. How much should you invest today in an investment account giving simple interest of 4.25% for you to have
₱50,000 after 250 days? (use 1 year = 356 days)
A. ₱38,726.79 B. ₱48,585.69 C. ₱48,566.61 D. ₱38,605.90
12. Find the maturity value of ₱10,000 invested for 10 years at 1% simple interest rate.
A. ₱20,000 B. ₱110,000 C. ₱2,000 D. ₱11,000

For items 13 and 14, choose the answer from

A. constant B. linear C. quadratic D. exponential

13. Under simple interest, the final amount F is what type of a function of the time t in years?
14. Under compound interest, the final value F is what type of a function of the time t in years?
15. How much money would you need to deposit today in order to have ₱1,000,000 in 10 years if the interest rate
is 5% compounded monthly?
A. ₱666,666.67 B. ₱500,000 C. ₱607,161.04 D. ₱650,000
16. At what rate converted semi-annually will ₱150,000 double itself in 5 years?
A. 7.18% B. 28.71% C. 14.35% D. 10%
17. If ₱75,000 is invested at the rate of 6% compounded quarterly, in how many years will it earn an interest of
₱25,000?
A. 18.45 B. 19.32 C. 9.32 D. 4.83
18.If interest is compounded quarterly, then how many compounding periods are there in 7 years and 6 months?
A. 15 B. 20 C. 25 D. 30
19. If a certain principal is doubled in 10 years, what is the annual interest rate compounded semi-annually at
which it is invested?
A. 7.18% B. 7.05% C. 6.99% D. 6.95%

For items 20 and 21: Regular payments of ₱1,500 are paid at the end of every quarter for 5 years at 2% compounded
quarterly.

20. How many payments were made?

A. 10 B. 15 C. 20 D. 30
21. What is the present worth?
A. ₱28,000 B. ₱28,481.13 C. ₱28,400 D. ₱30,000