Crossword Puzzle from Chapter 5 to 9

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Across
  1. 2. The simple interest formula is I=Prt. The P represents ________.
  2. 6. If you are calculating the simple interest and you are given the time in days, how can you find the time in years?
  3. 9. How long does it take a sum of money to double itself at a simple interest rate of 5% per annum. (Write number in words)
  4. 12. The rate is given as a percentage. Before using it in the simple interest formula, you must first convert it to a _______.
  5. 15. What is the maturity date of a five month promissory note that was issued on 10 January 2021? (Answer must be in words and without year)
  6. 16. Sofia deposited RM20,000 for 3 years and RM15,000 for 5 years at the same of interest rate. She receives total interest of RM6750. What is the rate of interest?
  7. 18. Find the number of days from 15 April 2022 to 29 September 2022 using the approximate time.
  8. 19. What is the markdown percent on hair dryer if the price is dropped from RM500 to RM397. (Answer including decimal point)
  9. 20. RM1000 was invested for 3 years. The interest received at the end of 3 years is RM259.71 if the investment earns 8% compounded ________.
Down
  1. 1. An annual effective rate is the actual rate that is earned once in a year. It can be defined as ________.
  2. 3. What does it mean by 'NP' in the markdown formula?
  3. 4. A debt of RM4502.19 will mature in three years. Assuming money is worth 14% compounded semi - annually. What is the present value of this debt. Round off the answer to the nearest thousand.
  4. 5. Promissory notes can be divided into two types which are interest and ________ bearing note.
  5. 7. The present value is also known as ________ value.
  6. 8. An item that regularly sells for RM450 is markdown to RM382.50. What is the discount rate?
  7. 10. A shoe was offered for sale at RM320 with a 30% discount. What is the new price after reduction is applied?
  8. 11. Encik Jamaludin placed a total amount of RM84000 in two accounts of his sons for one year. Zulhemi's account earned simple annual interest at rate of 5% and Zanchary's account earned simple annual interest at a rate of 3%. Within a year, he did not make any deposits or withdrawals from both account within a year. If each account earned the same amount of an interest, which account that Encik Jamaludin placed more?
  9. 13. What do we called the difference between the net price and the list price?
  10. 14. Markdown is a ________ in selling price.
  11. 17. An invoice was dated 10 October 2021 for RM4600 was offered cash discount term of 3/10, 2/20, and n/60. Find the payment if the invoice was paid on 28 October 2021.
  12. 18. What is the discount period if a six months promissory note dated on 20 February 2021 was discounted on 11 May 2021.