Business Mathematics MCQs – Practice Test for Exam Prep

Single Payment Computations Multiple Choice Questions with Answers – PDF Download

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Free "Single Payment Computations Learning" App with MCQ: Interest rate per year is 16 and the compounding occurs every quarter then interest rate per compounding period is; with answers: 0.4, 0.04, 40, and 0.004. Practice Single Payment Computations Quiz Questions, download Google e-Book (Free Chapter) for online courses for business management degree.

Single Payment Computations MCQs PDF Download – Prep Test

MCQ 1: The interest rate per year is 16 and the compounding occurs every quarter then interest rate per compounding period is:

0.4
0.04
40
0.004

MCQ 2: The nominal rate which is compounded more frequently than annually is equal to interest rate:

compounded annually
compounded monthly
discounted annually
discounted monthly

MCQ 3: In the formula of simple interest, the definition of period implies on:

i and n
p and n
I and P
p and P

MCQ 4: The interest rate per year is 24% and the compounding occurs every month then interest rate per compounding period is:

3
0.2
0.02
20

MCQ 5: The interest earned plus principal amount is considered as:

semiannual amount
compound amount
discount amount
annual amount

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