What is defined as the interest on a load or principal that is based only on the original amount of the loan or principal ?

Related Mcqs:

What is the type of annuity where the payments are made at the beginning of the each period starting from the first period ?

A. Ordinary annuity B. Perpetuity C. Annuity due D. Deferred annuity...

What is considered as the basic consuming or demanding unit of a commodity ?

A. Seller B. Manufacturer C. Producer D. Buyer or consumer...

You borrow P3,500.00 for one year from a friend at an interest rate of 1.5% per month instead of taking a loan from a bank at a rate of 18% per year. How much lesser you will pay by borrowing the money from the bank ?

A. P 62.44 B. P44.55 C. P54.66 D. P37.56...

What type of bond which can be redeemed before maturity date ?

A. Preferred bond B. Registered bond C. Incorporators bond D. Callable bond...

What is the main reason why the sinking fund method of computing depreciation is seldom used in the industry ?

A. Unstable economy B. Rate of interest cannot be exactly determined C. The initial deprecation is high D. The initial depreciation is low...