TABLE OF SPECIFICATIONS FOR GRADE ELEVEN GENERAL MATHEMATICS

SUMMATIVE ASSESSMENT 11.2.1

No.
No. of Percentage Test Index of
Learning Competencies Level of Cognition of
Days of Items Placement Difficulty
Items
1. illustrates simple and compound interests. 1 Understanding 2 6.67 1,2 Easy

2. distinguishes between simple and compound 1 Remembering 2 6.67 3,4 Easy

interests.

3 Understanding 6 20 5,6,7 Easy

3. computes interest, maturity value, future value, and Analyzing 8 Average
present value in simple interest and compound Understanding 9,10 Easy
interest environment.

2 Understanding 4 13.33 11 Easy

4. solves problems involving simple and compound Understanding 12 Average
interests Analyzing 13 Average
Understanding 14 Easy

1 Remembering 2 6.67 15,16 Easy

5. illustrates simple and general annuities.
1 Understanding 2 6.67 17 Easy
6. distinguishes between simple and general annuities. Remembering 18 Easy

2 Understanding 4 13.33 19,20 Average

7. finds the future value and present value of both Analyzing 21 Difficult
simple annuities and general annuities. Applying 22 Difficult

2 Understanding 4 13.33 23,24 Average

8. calculates the fair market value of a cash flow stream Applying 25 Difficult
that includes an annuity Applying 26 Average
 2 Understanding 4 13.33 27 Easy
9. calculates the present value and period of deferral of Applying 28 Average
a deferred annuity. Understanding 29 Easy
Understanding 30 Easy

TOTAL 15 30 100

No. of Item per competency = (No. of items were adjusted to come up with 30 items)
 GENERAL MATHEMATICS
SUMMATIVE ASSESSMENT 11.2.1

Name: ________________________________ Section: ____________ Date: _____ Score: __________

Multiple Choice. Directions: Choose the correct answer by encircling the letter of your choice.

1. Which of the following situations shows compound interest?

A. An amount of ₱100 with 10% interest rate gained an interest of ₱10 on its first year.
B. An amount of ₱100 with 10% interest rate earned ₱10 on its first year and earned ₱11 on the
second year.
C. An amount of ₱100 with 10% interest rate earned ₱10 for the first year and gained the same
amount on the second year.
D. None of these

2. What kind of interest is used to compute for the future value?

Term Principal Interest Rate Interest Future Value
1 1000 3% 30 1030
2 1000 3% 60 1060
3 1000 3% 90 1090
A. Interest Rate B. Compound Interest C. Continuous Compounding D. Simple Interest

3. Which of the following problems shows compound interest?

A. If you deposit ₱7000 in a bank at an annual interest rate of 4%. How much money will
you have after 12 years?
B. Find the maturity vale and interest if ₱5,000 is deposited in a bank at 3% interest rate
compounded annually for 5 years.
C. At what simple interest rate per annum will ₱30,000 accumulate to ₱35,000 in two
years.
D. None of these

4. Juan, Juana, Pepe and Pilar started to invest their money all at the same time in different financial
institutions at the same interest rate of 10% and time of maturity. Which investor has earned a
simple interest?
Investor Principal Interest
(Initial) Year 1 Year 2 Year 3
Juan 500 50 100 150
Juana 1000 100 200 300
Pepe 1500 150 315 496.50
Pilar 2000 200 400 600

A. Juan, Juana and Pilar B. Pepe C. Pepe & Pilar D. Pilar

For Items 5 and 6, refer to the data below.

Principal (P) Interest Rate (r) Time (t) Amount Interest (I)
₱40,000.00 10% 2 years

5. How much is the simple interest?

A. ₱7,000.00 B. ₱8,000.00 C. ₱9,000.00 D. ₱10,000.00

6. How much is the maturity value?

A. ₱32,000.00 B. ₱46,800.00 C. ₱48,000.00 D. ₱48,500.00

7. What should be the principal amount that satisfies the data below?
Principal (P) Interest Rate (r) Time (t) Amount of Interest (I)
2% 2 years 120
A. ₱3,000.00 B. ₱3,200.00 C. ₱3,600.00 D. ₱4,000.00
8. Given the data below, what is the maturity value when this is compounded annually?

Principal Rate Time Maturity Value

₱10,000.00 5% 3 years

A. ₱10,573.00 B. ₱11,500.25 C. ₱11,576.25 D. ₱12,000.00

9. What will be the compounded interest of the above table?

A. ₱1,000.76 B. ₱1,576.25 C. ₱2,576.25 D. ₱2,676.25

10. Given the data below, how much is the principal amount?

F P r t m
₱10,000.00 3% 2 years 12

A. ₱9,418.35 B. ₱9,481.35 C. ₱9,814.35 D. ₱9,841.35

11. Mat lend an amount of ₱25,000 to his friend Inno, and gained a simple interest of ₱2,000 at 5% per
annum, how long does it take Yam to pay the said amount?
A. 1.6 years B. 2 years C. 2.5 years D. 3 years

12. The father of your classmate is investing an amount at 20% simple interest for 3 years. If he
intends to have ₱50,000.00 at the end of the term, what must be his principal amount?
A. ₱30,250.00 B. ₱31,250.00 C. ₱32,250.00 D. ₱33,250.00

13. If ₱60,000.00 is invested by Ana at an annual interest rate of 15% compounded annually for a year,
how much interest will she have?
A. ₱9,100.00 B. ₱9,000.00 D. ₱8,500.00 D. ₱8,000.00

14. Which of the following rates will give the highest future value for a certain principal after 5 years?
A. 4.0% interest rate compounded annually
B. 3.8% interest rate compounded quarterly
C. 3.5% interest rate compounded monthly
D. 3.5% interest rate compounded annually

15. What annuity is being referred to when the payments do not coincide with the interest periods?
A. Annuity Due B. General Annuity C. Ordinary Annuity D. Simple Annuity

16. What annuity is being referred to when a purchased annuity allows you to pay P1000 at the
beginning of the payment interval?
A. Annuity Due B. General Annuity C. Ordinary Annuity D. Simple Annuity

17. The following are situations involving annuity, which of these illustrate simple annuity?
A. Monthly installment payment of a car with an interest rate that is compounded
annually
B. Paying a debt semi-annually when the interest is compounded monthly
C. Quarterly payment of a lot with an interest rate compounded semi-annually
D. Regular quarterly payment of an insurance is made similar with the interest period

18. What annuity is referred to when Rica purchased a house and lot and has to pay for it monthly for
five years with an interest rate that is compounded quarterly?
A. Annuity Due B. General Annuity C. Ordinary Annuity D. Simple Annuity

19. What is the amount of each annuity payment if a 5-year ordinary annuity has a future value of Php
1 000 with an interest rate of 8%?
A. Php 170.46 B. Php 181.62 C. Php 184.08 D. Php 250.44

20. What is the present value of an ordinary simple annuity that pays Php 400 for 7 years at 4.3% per
 year compounded monthly.
A. Php 103.81 B. Php 28 970.12 C. Php 39 123.64 D. Php 82 657.79

21. Kit and Kat are twin daughters of a banker. To encourage them to save for their upcoming debut,
their father offered them a 7.5% interest rate compounded monthly if they are going to deposit a
certain amount of money to him. Kit decided to give Php 500 at the end of each month for 12
months. Kat prefers to give a lump sum on that day. What lump sum can Kat give that will equal the
present value of Kit’s monthly deposits?
A. Php 4816.25 B. Php 5763.20 C. Php 5768.20 D. Php 6 783.25

22. Ziggy started to deposit P1,000 monthly in a fund that pays 6% compounded quarterly. How much
will be in the fund after 15 years?
A. Php 290,082.51 B. Php 28758.70 C. Php 1900.00 D. Php 900.00

23. Given that daily payments of Php 20 for 30 days with interest rate of 20% compounded annually,
how much will the future value of this annuity?
A. Php 604.37 B. Php 640.37 C. P640.73 D. Php 643.70

24. How much is the cash price of a house & lot when the down payment made was
Php 200,000 and the remaining amount shall be paid monthly at P5000 for 5 years with
4% interest rate compounded monthly?
A. Php 471,594.34 B. Php 471, 495.34 C. Php477, 495.34 D. Php 417, 495.34

25. Mr. Unabia received an offer on a lot that he wants to sell. Mr. Ocampo has offered P68,000 and a
P1 million lump sum payment 5 years from now. How much is the fair market value of the offer if
money can earn 5% compounded annually.
A. Php 1 000 680.20 B. Php 1 000 068 C. Php 932 000 D. Php 851 526.20

26. How much is the present value of P 1 million in problem #25?

A. Php 738, 526.20 B. Php 783, 562.20 C. Php 783, 526.20 D. Php 783 520.20

27. What is the period of deferral for a deferred annuity due with payments of Php 100 000 at the
beginning of every month for eight years with the first payment made two years from now.
A. 2 years C. 4 years and 6 months
A. 3 years D. 6 years and 6 months

28. What amount should you invest now if you want to receive payments of Php 1 000 at the end of
each year for ten years with the receipt of the first payment three years from now? Assume that
money earns 5% compounded annually.
A. Php 7 003.84 B. Php 7 721.73 C. Php 14 007.68 D. Php 15 443.46

29. Alma has to pay an annuity of P3 000.00 monthly for 2 years. The payment will start 6 months from
now. When will she start paying her annuity?
A. July B. June C. on the 6th month D. on the 7th month

30. At what period will the actual payment end when an annuity is deferred for 5 months and
has to pay monthly for 3 years.
A. 6th period B. 31st period C. 36th period D. 41st period

ANSWER KEY:
1. B
2. D
3. B
4. A
5. B
6. C
7. A
8. C
9. B
10. A
11. A
12. B
13. B
14. A
15. B
16. A
17. D
18. B
19. A
20. B
21. B
22. A
23. A
24. B
25. D
26. C
27. A
28. A
29. C
30. D

Prepared by:

Melanie B. Garcia Katherine Z. Labalan Maria Ivana M. Mayol John Neil V. Semblante

Edited by:

Carl Kenneth Caringal

Maria Ivana M. Mayol
Ana Marie V. Remarca