SECOND QUARTER EXAMINATION IN GENERAL MATHEMATICS 11

DIRECTION: Choose the letter that corresponds to the right answer. Write 14. Find the maturity value.
your answer on your paper. a. 30,000 b. 40,000 c. 50,000 d. 60,000

1. What are the amounts of interest and maturity value of a loan for 15. Solve for the rate.
P150,000 at 6 ½ % simple interest for 3 years? A. 9.5% B.8.5% C. 11.5% D. 3.5%
a. I = P23,250 F = P179,250
b. I = P24,300 F = P179,270 16. Find the interest.
c. I = P26,257 F = P177,250 A. 9,504 B. 9,502 C. 9,501 D. 9,500
d. I = P29,250 F = P179,250
2. At what simple interest rate per annum will P25,000 accumulate to 17. Find the principal value.
P33,000 in 5 years? A. 300,003 B. 300,002 C. 300,001 D. 300,000
a. 6.4% b. 7.4% c. 5.4% d. 9.4%
18. Solve for the time (t).
3. How long will P40,000 amount to P51,200 if the simple interest rate is a. 5 b.6 c.7 d.8
at 12% per annum?
a. 2.33 years, or 2 years and 4 months 19. What are the amounts of interest and maturity value of a loan for
b. 2.44 years, or 2 years and 7 months P20,000 at 6 % compound interest for 3 years?
c. 2.66 years, or 2 years and 8 months A. Fc = P23,860.32 and Ic = P3,821.32
d. 2.93 years, or 2 years and 3 months b. Fc = P23,820.32 and Ic = P3,820.32
c. Fc = P27,820.32 and Ic = P3,826.32
4. In order to have P200,000 in 3 years, how much should you invest if d. Fc = P23,890.32 and Ic = P4,820.32
the simple interest is 5.5%?
a. 171,643.82 c. 171,673.82 20. In order to have P50,000 in 5 years, how much should you invest if
b. 171,673.82 d. 171,683.82 the compound interest is 5%?
a. P39,178.31 c. P39,177.31
5. Angel deposited P20,000 in a bank that pays 0.5% simple interest. How b. P39,176.31 d. P40,176.31
much will be her money after 6 years?
a. P20,670 b. P20,600 c. P26,600 d. P20,710 21. A savings account in a bank yields 0.25% compound interest
annually. Accumulate (find the future value of ) P25,000 for 4 years in this
6. What do you a time money borrowed? savings account. How much interest will be gained?
a. Principal c. Interest a. Fc = P25,250.94 and Ic = P251.94
b. Term d. maturity value B. Fc = P25,260.94 and Ic = P252.94
7. It is a time where money is borrowed. C. Fc = P25,250.94 and Ic = P250.94
a. Principal c. Interest D. Fc = P25,260.94 and Ic = P259.94
b. Term d. maturity value
8. It is an amount paid or earned for the use of money. 22. In a certain bank, Angel invested P88,000 in a time deposit that pays
a. Principal c. Interest 0.5% compound interest in a year. How much will be her money after 6
b. Term d. maturity value years? How much interest will she gain?
9. it is an amount received on payment date.
a. Principal c. Interest a. Fc = P90,673.22 and Ic = P2,673.22
b. Term d. maturity value b. Fc = P90,673.33 and Ic = P2,673.21
10. it is a percentage of increase of investment c. Fc = P90,673.36 and Ic = P2,673.25
a. percentage c. Interest rate d. Fc = P90,673.45 and Ic = P2,673.33
b. Term d. maturity value 23. What is the formula in finding maturity value compounding more than
For number 11-18, refer to the table below and answer what is being once a year?

( )
asked. i
m mt
a. F=P 1+
m

F=P (1+ )
11. 12. m m
b.
i
13. 14. n

F=P (1− )
15. 16. m t
c.
i
17. 18. n

F=P (1− )
n m
11. Find the interest. d.
i
a. 36,000 b. 36,010 c. 36,060 d. 36,400 n
24. What is the maturity value and interest if P10,000 is deposited in a
12. Find the maturity value. bank at 2% compounded quarterly for 5 years?
a. 96,001 b. 96,000 c. 96,070 d. 96,300 a. F= 11,049.96 and Ic = P2,048.96
13. Find the principal value. b. F= 11,048.87 and Ic = P1,048.89
a. 25,006 b. 25,012 c. 25,011 d. 25,000 c. F= 11,048.96 and Ic = P1,048.96
d. F= 11,088.96 and Ic = P1,078.96
 SECOND QUARTER EXAMINATION IN GENERAL MATHEMATICS 11
a. Business Loan b. Consumer Loan
25. When money is compounded monthly, the frequency of conversion c. amortization method d. Mortgage
is____. 42. What do you call a mortgage on a movable property?
a. 12 b. 11 c.10 d.9 a. Business Loan b. Consumer Loan
26. When the annual interest rate is 16% compounded quarterly the c. Chattel Mortgage d. Mortgage
interest rate in a conversion period is__. 43. What do you call any remaining debt at a specified time?
a. 0.04 b. 0.16 c.0.19 d. 0.05 a. Loan b. Outstanding balance
c. Chattel Mortgage d. Mortgage
27. If the interest rate per conversion period is 1% and money is
compounded monthly, the nominal rate is__. 43. Mr. Garcia borrowed ₱1,000,000.00 for the expansion of his business.
a. 0.11 b. 0.12 c. 0.01 d. 0.1 The effective rate of interest is 7%. The loan is to be repaid in full after
one year. How much is to be paid
28. When the term is 3 years and 6 months and money is compounded after one year?
semi-annually, the total number of conversion periods is___. a. ₱1,070,000.00 b. ₱1,050,009.00
a. 7 b. 8 c. 9 d. 10 b. ₱1,079,000.00 d. ₱1,070,080.00
29. When the total number of conversion periods is 12 and the term is 6
years, then money is compounded___. 44. If a house is sold for P3,000,000 and the bank requires 20% down
a. quarterly b. daily c. semi-annually d. monthly payment, find the amount of the mortgage.
a. ₱2,400,056.00 b. ₱2,409,000.00
30. According to payment interval and interest period, it is an annuity ` d. ₱2,400,000.00 d. ₱2,411,000.00
where the payment interval is the same as the interest period. 45. Mr. and Mrs. Banal purchased a house and lot worth P4,000,000.
a. General Annuity b. Simple Annuity They paid a down payment of P800,000. They plan to amortize the loan of
c. annuity due d. annuity certain P3,200,000 by paying monthly for 20 years. The interest rate is 12%
31. According to payment interval and interest period, it is an annuity convertible monthly. How much is the monthly payment?
where the payment interval is not the same as the interest period.
a. General Annuity b. Simple Annuity a. ₱𝟑𝟓,𝟐𝟑𝟒.𝟕𝟔 b ₱𝟑𝟓,𝟐𝟑𝟒.𝟕9 c. ₱𝟑𝟓,𝟐𝟑𝟒.80 d. ₱𝟑𝟓,𝟐𝟑𝟒.99
c. annuity due d. annuity certain
32. It is a form of equity financing or raising money by allowing investors
to be part owners of the company. CONTINUATION (FOR ZAMORA ONLY)
a. bond b. debt c. stocks d. company
Consider the following simple statements. Write the following compound
33. It is a form of debt financing, or raising money by borrowing from statements in symbolic form.
investors. p: Today is Friday. q: It is raining. r: I am going to a movie.
a. bond b. debt c. stocks d. company s: I am not going to the basketball game.

34. It is a place where stocks can be bought or sold. The stock market in ____.46. Today is Friday and it is raining.
the Philippines is governed by the Philippine Stock Exchange (PSE) ____47. It is not raining and I am going to a movie
a. Stock market b. dividend c. par value d. bond _____48. If it is raining, then I am not going to the basketball game
35. It is the current price of a stock at which it can be sold
a. Stock market b. face value 49.Construct a truth table for p ∨[ ( p ∧ q ) ]. 5 POINTS
c. par value d. market value
36. A certain financial institution declared a ₱30,000,000.00 dividend for
the common stocks. If there are a total of ₱700,000.00 shares of common
stock, how much is the dividend per share?
a. ₱44.86 b. ₱43.86 c. ₱42.86 d. ₱41.86
37. A certain corporation declared a 3% dividend on a stock with a par
value of ₱500.00. Mrs. Lingan owns 200 shares of stock with a par value
of ₱500.00. How much is the dividend she received?
50. Show that ( p ∨ q) and p ∧q are equivalent statements.
2 POINTS
a. ₱3,001.00 b. ₱3,000.00 c. ₱2,999.00 d.₱2,998.00

38.It is a money lent specifically for a business purpose. It may be used

to start a business or to have a business expansion.
*** Thank you for doing your best! ****
a. Business Loan b. Consumer Loan
c. Collateral d. Investment loan
39. It is a money lent to an individual for personal or family purpose. Prepared By:
a. Business Loan b. Consumer Loan
c. Collateral d. Investment loan
CHRISTINE L. CONLAS
40. it is a method of paying a loan (principal and interest) on installment
Subject Teacher
basis, usually of equal amounts at regular intervals.
a. amortization method b. Mortgage
c. business method d. loan method Noted By:
41. a loan, secured by a collateral, that the borrower is obliged to pay at
specified terms. BEVIAN M. TAUPAN
Teacher-In-Charge
SECOND QUARTER EXAMINATION IN GENERAL MATHEMATICS 11