Republic of the Philippines

Department of Education
REGIONAL OFFICE NO. VIII (EASTERN VISAYAS)
SCHOOLS DIVISION OF CATBALOGAN CITY
CATBALOGAN NATIONAL COMPREHENSIVE HIGH SCHOOL
Mercedes, Catbalogan City

Name: Grade Level & Strand: Score:

MELC: Solves problems involving simple and compound interests. (M11GM-IIb-2)

GENERAL MATHEMATICS
2nd Quarter - Quiz No. 2

Multiple Choice: Choose the letter of the best answer. Write your answer before the number.
1. How much money should you deposit in a bank so that it will accumulate to ₱100,000 at 1% simple
annual interest for 10 years?
a. ₱1,000,000 b. ₱909,090.90 c. ₱190,909.09 d. ₱90,909.09
2. It is charged by the lender, or rate of increase of the investment.
a. Rate b. Period c. principal d. interest
3. At what simple interest rate per annum will ₱20,000 accumulate to ₱25,000 in three years?
a. 6.33% b. 7.33% c. 8.33% d. 9.33%
4. If you deposited ₱5,000 in a bank at an annual simple interest rate of 0.5%, how much money will you
have after 12 years?
a. ₱5,300.00 b. ₱8,000.00 c. ₱33,333.033 d. ₱53,000.00
5. How long will an amount of ₱50,000 gain a simple interest of ₱10,000 at 4% per annum?
a. 3 b. 4 c. 5 d. 6

Prepared by:

ROMEO S. PACOMA
Gen. Math Teacher