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1. This is the interest paid only on the original amount of money or principal. a. Simple interest b. Compound interest c. Accrued interest d. Annual interest 3. In loans, it may be treated as an expense on the part of the borrower or debtor and maybe viewed as an income on the part of the lender or creditor. a. Amortization b. Principal c. Rate d. Interest 4. The period where the lender or creditor will charge the interest from loan date up to the loan repayment date. a. Interim period b. Loan term c. Agreement period d. Fiscal Period 5. Find the maturity value of a loan of P6,000.00 borrowed at an interest rate of 20% if it must be repaid for 18 months. b. P7,800.00 b. 8,250.00 c. P8,390.00 d. P7,250.00 8. Convert 15% per year to the equivalent monthly rate A. 12.5% b. 10.5% c. 1.25% d. 2.5% 9. Convert 15% per month to the equivalent annual rate. a. 120% b. 10% c. 180% d.8%