Republic of the Philippines

Department of Education
Region VII, Central Visayas
DIVISION OF CEBU PROVINCE
DUMANJUG DISTRICT 1- Secondary

SECOND QUARTER EXAMINATION in GENERAL MATHEMATICS

Name: Grade Level/ Section: Score:

TEST I. MULTIPLE CHOICE. Read and analyze each item carefully. Encircle the letter of the correct answer.
If the answer is not found on the choices, write your answer.

1) This refers to the interest charged on the principal alone for the entire duration or period of the loan or investment.
A. Compound interest B. Future value C. Interest rate D. Simple interest
2) This refers to the number of years for which the money is borrowed or invested.
A. Conversion period B. Interest rate C. Principal D. Time
3) Date on which money is received by the borrower.
A. Conversion period C. Maturity date
B. Loan date D. Repayment date
1
4) 3 % is equivalent to ________.
5
A. 0.0032 B. 0.032 C. 0.32 D. 3.2
5) An interest resulting from the periodic addition of simple interest to the principal amount.
A. Compound amount B. Compound interest C. Interest rate D. Simple interest
6) What is the formula in computing the present value of F in a financial transaction involving compound interest?
A. P=F ( 1+i )−n B. P=F ( 1+i )n C. P=F ( 1−i )−n D. P=F ( 1−i )n
7) The sum of future values of all the payments to be made during the entire term of annuity is ________.
A. Annuity C. Future Value of an annuity
B. Present Value of an annuity D. Periodic Payment
8) The sum of all present values of all the payments to be made during the entire term of the annuity is ________.
A. Periodic Payment C. Future Value of an annuity
B. Time of an Annuity D. Present Value of an annuity
9) It is an annuity where the payment interval is the same as the interest period.
A. Simple Annuity C. Annuity Certain
B. General Annuity D. Contingent annuity
10) It is a sequence of payments made at equal (fixed) intervals or periods of time.
A. Future Value of an annuity C. Annuity
B. Present Value of an annuity D. Periodic Payment
11) It is a term that refers to payments received (cash inflow).
A. General Annuity C. Cash Flow
B. General Ordinary Annuity D. Annuity Certain
12) It is refers to a single amount that is equivalent to the value of the payment stream that shall date.
A. Future Value of a general annuity C. Fair market value
B. Present Value of a general annuity D. Periodic Payment
13) What is the other term for fair market value?
A. Cash flow C. Future Value of a general annuity
B. Present Value of a general annuity D. Economic Value
14) It is an annuity that does not begin until a given time interval has passed.
A. Period of Deferral C. Present value of a deferred annuity
B. Deferred Annuity D. Contingent annuity
15) It is a time between the purchase of an annuity and the start of the payments for the deferred annuity.

A. Period of deferral C. Deferred annuity

B. General Ordinary Annuity D. Present value of a deferred annuity
16) Measure of the value of a section of the stock market and is computed from the price of selected stocks.
 A. Stock Index B. Bid Size C. Bid Price D. Bonds
17) It is how many individual sell orders have been placed in the online platform and the total number of shares these sellers
wish to sell.
A. Bid Size B. Ask Size C. Ask Price D. Bid Price
18) It is a method of measuring the value of a section of the bond market.
A. Stocks B. Bonds C. Stock Market D. Bond Index
19) It is the price the sellers of the stock are willing to sell the stock.
A. Bid Price B. Bid Size C. Ask Price D. Ask Size

For nos. 20-24, refer to the choices below.

A. Business Loan B. Consumer Loan C. Stocks D. Bonds

20) Mr. Lim wants to have another branch for his cellphone repair shop. He decided to apply for a loan that he can use to pay
for the rentals of the new branch.
21) Trillas runs a trucking business. He wants to buy three more trucks for expansion of his business. He applied for a loan in
a bank.
22) Mrs. Alonzo decided to take her family for a vacation. To cover the expenses, she decided to apply for a loan.
23) Glenn decided to purchase a condominium unit near his workplace. He got a loan worth ₱2,000,000
24) Mr. Galang purchased renovated her house ₱80,000. This was made possible because of an approved loan worth
₱75,000

25) What is the total number of conversion periods when a certain amount is borrowed at 5.5% compounded quarterly for 4
years?
A. 4 B. 12 C. 16 D. 22
26) Find the simple interest on a loan of ₱65,000.00 if the loan is given at a rate of 8% and is due in 6 years and 3 months.
A. ₱3,250.00 B. ₱31,200.00 C. ₱32,500.00 D. ₱46,800.00
27) Jamaico made a loan of ₱20,450.00 from a bank that charges 3% simple interest. How much must he pay the bank after 2
years?
A. ₱1,227.00 B. ₱21,677.00 C. ₱32,720.00 D. ₱42,127.00
28) How much was the interest if Althea invested ₱30,400.00 and received a total of ₱40,300.00 at the end of the term?
A. ₱9,900.00 B. ₱30,400.00 C. ₱40,300.00 D. ₱70,700.00
29) How much is the future value on this financial transaction, P = ₱10,000.00, r = 5%, and t = 3 year
A. ₱1,500.00 B. ₱11,500.00 C. ₱21,500.00 D. ₱25,000.00
30) Find the future value of an ordinary annuity with a regular payment of ₱1,000 at 5% interest rate compounded quarterly
for 3 years.
A. ₱12,806.63 B. ₱12,860.36 C. ₱12,860.63 D. ₱12,806.36
31) Find the present value of an ordinary annuity with regular quarterly payments worth ₱1,000 at 3% annual interest rate
compounded quarterly at the end of 4 years.
A. ₱15,024.31 B. ₱15,204.31 C. ₱15,402.31 D. ₱15,420.31
32) The statement “I am happy to see you.” Is classify as
A. Simple proposition C. Compound proposition: Conjunction
B. Compound proposition: Negation D. Compound proposition: Biconditional
33) Let p represent: “Netizens enjoyed tiktok application.”

q represents: “Netizens like the post in facebook.”

r represent: “Netizens watch youtube.”

Write the symbolic statement ~ (p ˅ q) → r in words

A. If the netizens enjoyed tiktok application and like the post in facebook, then they watch
youtube.
B. If the netizens do not enjoy tiktok and watch youtube, then they like the post in facebook.
C. If it is not the case that the netizens enjoyed tiktok application or they like the post in facebook,
then they watch youtube.
D. If the netizens do not enjoy tiktok application and like the post in facebook, then they do not
watch youtube.
34) What is the interest rate per conversion period if ₱29,500.00 was invested at 2.5% compounded semi-annually for 5 years
and 4 months?
 A. 0.0025 B. 0.0125 C. 0.025 D. 2.5
35) Edgardo invested ₱15,600.00 at 10.25% interest rate. How long will take for his investment to earn an interest of
₱5,055.00?
A. 0.32 years B. 3.16 years C. 6.29 years D. 30.11 years
36) A teacher saves ₱5,000 every 6 months in the bank that pays 0.25% compounded monthly. How much will be her savings
after 10 years?
A. ₱101,197.06 B. ₱101,179.06 C. ₱101,971.06 D. ₱101,791.06
37) Melvin availed of a loan from a bank that gave him an option to pay ₱20,000 monthly for 2 years . The first payment is
due after 4 months. How much is the present value of the loan if the interest rate is 10% converted monthly?
A. ₱422,795.78 B. ₱422,759.78 C. ₱422,579.78 D. ₱422,597.78
38) A family obtained a P1,000,000 mortgage. If the monthly payment is P38,000 for four years, how much is the total
interest paid?
A. ₱824,000.00 B. ₱834,000.00 C. ₱724,000.00 D. ₱624,000.00
39) At what interest rate compounded semi-annually will ₱ 15,000.00 accummulate to ₱ 25,000.00 in 10 years?
A. 2.05% B. 2.59% C. 4.05% D. 5.17%
40) ABC University anticipates additional expenses of ₱ 367,800.00 for a new equipment needed for offering a new course 5
years from now. How much should be invested in an account that earns 12% compounded monthly?
A. ₱62,427.83 B. ₱165,344.63 C. ₱202,455.37 D. ₱668,181.05

“Success is like MATHEMATICS, you directed your life and formulated to succeed and find the answer to a better fate.”