Question: help me with this no need for long explanation Question 31 Bruno was given Php 2000 when he turned 3 years old. His parents invested

help me with this no need for long explanation

Question31

Bruno was given Php 2000 when he turned 3 years old. His parents invested it a 2% interest rate compounded quarterly. No deposits or withdrawals were made, how much money Bruno had in the account when he turned 16?

Select one:

a.Php 2645.65

b.Php 25,285.62

c.Php 2752.06

d.Php 2592.18

Question32

A certain amount of money at simple interest amounts to Php 825 in 10 years and to Php 750 in 8 years. The principal of the loan be...( to the nearest whole number )

Select one:

a.Php 600

b.Php 560

c.Php 550

d.Php 450

e.Php 500

Question33

What simple interest rate is equivalent to 5.5 % compounded semi annually for 15 years.

Select one:

a.8.38 %

b.5.84 %

c.6.56 %

d.9.34 %

e.7.46 %

Question34

At what nominal rate compounded semi-annually will Php 18,000.00 amount to Php 25,000.00 in 5 years?

Select one:

a.6.69 %

b.6.68 %

c.6.67 %

d.3.34 %

e.3.43 %

Question35

A certain amount of money at simple interest amounts to Php 560 in 3 years and to P600 in 5 years. Find the rate of interest.

Select one:

a.3 %

b.6 %

c.5 %

d.7 %

e.4 %

Question36

How much will Php 1,500 amount to in 4 years and 6 months at 7 % compounded semi annually?

Select one:

a.Php 1,306.80

b.Php 2,563.03

c.Php 2,044.35

d.Php 2,853.25

Question37

At what rate compounded monthly will a certain amount be 6 times of that amount in 25 years?

Select one:

a.10.6 %

b.10.52 %

c.7.19 %

d.20 %

e.11.34 %

Question38

Find the rate compounded quarterly at which Php 3,000 accumulate to Php 5,500 at the end of 3.25 years.(answer in 2 decimal places)

Select one:

a.4.77 %

b.76.36 %

c.19.09 %

d.15.43 %

e.61.72 %

Question39

How much must be invested today at 10% compounded semi annually for 25 years, to produce Php 15,000?

Select one:

a.Php 162,520

b.Php 1,803

c.Php 156,342

d.Php 1,384.44

e.Php 1,803

Question40

When will Php 11,000.00 accumulate to Php 22,000.00 if it is invested at 14% compounded quarterly?

Select one:

a.5.04 years

b.5.2 years

c.20.15 years

d.20.51 years

e.20 years

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