1. The simple interest formula is I=Prt. What does P represent?

✓ Principal

2. What is the standard deviation of 10,10,10,10,10?

✓ 0/Zero

3. The ____ is the difference between the largest and the smallest observation in the data. The prime
advantage of this measure of dispersion is that it is easy to calculate.
✓ Range

4. Stated as a quantity calculated to indicate the extent of deviation for a group as a whole.
✓ Standard Deviation

5. In statistics, it is a measure of dispersion that takes into account the spread of all data points in a data
set. It's the measure of dispersion the most often used, along with the standard deviation. (σ^2)
✓ Variance

6. While calculating the standard deviation, the deviations are only taken from
✓ The mean of a series

7. The simple interest formula is I = Prt. What does the r represent?

✓ Percent Rate

8. ____ and ___ are types of measures of dispersion.

✓ Absolute and Relative

9. The numerical value of a standard deviation can never be _____.

✓ Negative | It can be positive or zero

10. The average of squared deviations from the arithmetic mean is known as
✓ Variance

11. It is the interest calculated on the original principal or original amount of a loan.
✓ Simple Interest

12. The standard deviation of a set of 90 * observations is 105. If the value of each observation is
decreased by 9, then the new standard deviation of these observations would be
✓ 105

13. The Normal distribution as shown in the figure has a standard deviation of 10. Approximately what
area is contained between 70 and 90.
✓ 47.5%
Solution:
From 50 to 90 we got the standard value of 95%, Since it is taken from 70 to 90, therefore half of 95%.
Meaning 95%/2 = 47.5%

14. The simple interest formula is I = Prt. What does the t represent?
✓ Time

15. It is the sum of the Principal and Interest also known as Future value.
✓ Maturity Value

16. Ana was ranked 37th in his graduating class of 180 students. At what percentile is Ana's ranking?
✓ 80

Solutions:
Ana graduated 37th out of a class of 180 students. There are 180-37- 143 students ranked below Ana.
There is one rank of 37.

x = 143 and y=1. (x+0.5 y) (100)/n = (143 + 0.5)(1)(100) / 180 = 79.72 Ana's rank of 37 puts him at the
80th percentile.

17. The following numbers were obtained from a population: 2, 4, 7, 12, 15, find the standard deviation
of the said numbers.
✓ Standard Deviation = 4.85

Solutions:
μ = (2 + 4 + 7 + 12 + 15) / 5 = 40/5 = 8
Sigma [[x - mu]] ^ 2 = 118
Standard Deviation = v(118/5) = 4.85

18. The simple interest formula is I = Prt. The P represents the principal. The principal is __
✓ The amount of money borrowed or deposited

19. The final exam scores of 18 students are (in increasing order): 24, 58, 61, 67, 71, 73, 76, 79, 82, 83,
85, 87, 88, 88, 92, 93, 94, 97. Find the upper quartile (Q3).
✓ 89

Solutions:
n=18.

For Q3, its position is:

(3(18+1))/4-14.25
The actual value is:
Q3 = 88+0.25- (92-88)=89
20. The final exam scores of 18 students are (in increasing order): 24, 58, 61, 67, 71, 73, 76, 79, 82, 83,
85, 87, 88, 88, 92, 93, 94, 97. Find the lower quartile (Q3).
✓ 70

21. For the Normal Distribution below, approximately what area is contained between -2 and 1. (Note:
Mean of "0" and Standard deviation of "1").
✓ 81.5%

22. Using the following data. 2, 3, 5, 6, 8, 10, 12, 15, 18, 20 Find P25 (the number in the 25th percentile
position).
✓5

23. Using the following data. 2, 3, 5, 6, 8, 10, 12, 15, 18, 20 Find P60 (the number in the 60th percentile
position).
✓ 11

24. Use the following set of data to Find * P75 (the number in the 75th percentile position). 3, 4, 4, 6, 8,
10, 10, 12, 12, 12, 13, 15, 15, 15, 16, 17, 20, 22, 25, 27
✓ 16.5

25. It is a method of calculating interest periodically on the sum of the principal and the accumulated
interest of previous periods, and can thus be regarded as "interest on interest".
✓ Compound Interest

26. If you have deposited Php 5,000 in a savings bank on January 1, 2020 with an interest rate of 3% and
have withdrawn it on January 1, 2021, calculate the simple interest.
✓ P150

27. A loan of Php 3,000 bears an interest * rate of 2% per month. If the loan shall be paid in 4 months,
How much is the interest?
✓ P240

28. Calculate the simple interest due on a 72 days loan of Php 3,000 if the annual interest rate is 4%
✓ P24

29. Savings deposit of Php 7,000 earns a simple interest of 5%. How much is the interest in 9 months?
✓ P262.50

30. Peter paid Php 1,400 interest for his * loan from a cooperative that charges a simple interest rate of
3.5% payable in 2 years. How much loan did he apply?
✓ P20,000
31. A cooperative released a Php 9,000 emergency loan to Ana with a simple interest of 4.5%. If she
intends to pay it in 2 years, what amount will she pay back to the cooperative?
✓ P9810

32. If the Php 5,000 at 3% interest is compounded quarterly, and there will be 4 compounding periods in
a year. How much is the Future Value?
✓ P5151.69

33. Interest charged on a 10 month loan of Php 6,000 is Php 200. Find the simple interest
✓ 4%

34. A bank offers 0.25% annual simple interest rate for a particular deposit. How much interest will be
earned if 1 million pesos is deposited in this savings account for 1 year?
✓ P2500

35. Find the total amount of interest to the nearest centavo if the interest is compounded annually. Php
2,750 at 8% for 2 years.
✓ P457.60

36. John Gerald borrows Php 1200 from a bank with 8% simple interest per year. How much will he have
to pay back total in 2 years?
✓ P1392

37. Nica Ella went to the mall and saw a massage chair that she would have to take a loan out for Php
6500 to purchase. The bank said that she could get a simple interest rate of 5% for 5 years. What is the
total amount that Nica Ella will pay for the chair?
✓ P8125

38. Find the principal for a loan that has * an earned interest of Php 3,500 with an annual rate of 10% for
5 years.
✓ P7000

39. I = Prt where r represents the rate. Rates must be converted into before multiplying.
✓ Decimals

40. Veronica Faith invested Php 200 in a retirement account that had a rate of 20% that compounds
annually. If VERONICA FAITH leaves her money in for 3 years, how much money will be in her account
rounded to the nearest centavo?
✓ P345.60

41. Noemi's parents put Php 1,500 in her bank account for college tuition. At an interest rate of 8.25%
compounded annually, what will be the total balance after 2 years?
✓ P1757.71
43. If the balance at the end of eight years on an investment of Php 630 that has been invested at a rate
of 9%, how much was the interest?
✓ P453.60

43. The interest earned was Php 55.20 * on an investment of Php 230 that has a rate of 3%, how long
was the money invested?
✓ 8 years

44. Nathalie took out a loan for Php 195,000 to purchase a home in a certain province. At a 4.3% interest
rate compounded annually, how much will the loan be after 5 years?
✓ P240,689

45. Ken Arthur won Php 3,000 from an online contest. If he puts this money in a bank account that earns
2.9% interest compounded annually, how much total interest will he earn in 10 years?
✓ P992.78

46. Maria Nicole invested Php 1,000 in savings bonds. If the bonds earn 6.75% interest compounded
annually, how much total interest will Maria Clara earn in 15 years?
✓ P1663.90

47. Juliane borrows Php 79,500 for 2 years and earns Php 10,017 of simple interest. Calculate the
interest rate?
✓ 6.3%

49. Charles Christian wants to open a motorcycle showroom and borrows Php 48,000 on 12% interest
rate. He plans to pay this after 4 years. What will that total principal + interest payment be?
✓ P71040

49. Bobby was given Php 2,000 when he turned 3 years old. His parents invested it at a 2% interest rate
compounded annually. No deposits or withdrawals were made. Which expression can be used to
determine how much money Bobby had in the account when he turned 16?
✓ 2000(1+0.02)^13

50. Angelica Rose borrowed Php 1500 * at an annual simple interest rate of 12%. She paid Php 270 in
interest. For what time period did Angelica Rose borrow the money?
✓ 1.5 years