2nd Quarter Examination

General Mathematics
Name:____________________________________ Grade & Sec. ______________ Score: _________
General Instructions: Strictly no ERASURES, NO CORRECTION PEN, and ALTERATION Erasures means
WRONG.
I. Multiple Choices: Encircle the letter of the best answer.
1. Express 10% to decimal.
a. 10.0 b. 100 c. 0.10 d. 1
2. What is 25% of 110?
a. 27.50 b. 28.50 c. 26.50 d. 25.50
3. _______ is a person (or institution) who invests the money or makes the funds available.
a. Lender b. lendee c. employer d. employee
4. An amount paid or earned for the use of money is called______.
a. Loan b. interest c. investors d. savings
5. A way of calculating interest that is computed on the principal and then added to it.
a. Calculator b. percentage c. simple interest d. compound interest
6. If the sum of the money placed at compound interest doubles itself in 5 years, how long will it
become 8 times itself at the same rate of investment?
a. 20 years b. 15 years c. 40 years d. 25 years
7. A way of calculating interest that is computed on the principal and also on the accumulated past
interests?
a. Calculator b. percentage c. simple interest d. compound interest
8. The formula for computing simple interest.
a. Is= Pr b. Is= FV- r c. Is= Prt d. Is= I+ P
9. The formula for computing simple interest.
a. Ic= FV- PVb. Ic= FV-r c. Ic= PV-FV d. Ic= PV- principal
10. __________ is an application of Exponential function.
a. Compound interest b. mathematics of investment c. simple interest d. function
11. How much interest will Mary earn in her investment of Php 15,000 at 8% simple interest for 4 years?
a. Php 4,800 b. Php 5,000 c. Php 5,100 d. Php 5, 500
12. Christie made a loan of Php 25,000 from a lending company that charges 7% simple interest. How
much must she pay after 3 years?
a. Php 5,150 b. Php 5,200 c. Php 5,250 d. Php 5,300
13. Find the amount of interest per annum if Miss Bayot borrowed P70, 000 from a savings and loan
association that charges 8.25% simple interest for 3 years.
a. Php 1, 730. 50 b. Php 1, 731.50 c. Php 1,732.50 d. Php 1, 733. 50
14. How much must be invested now in a savings account earning 11% compounded annually to
accumulate a total P31, 000 after 5 years?
a. Php 18, 366.99 b. Php 18, 376.99 c. Php 18, 386.99 d. Php 18, 396. 99
15. If the interest rate is 14% compounded annually, how long will it take P99, 500 to amount P175,
000?
a. 4.31years b. 5.31years c. 6.31years d. 7.31years
16. A date on which the money borrowed or loan is to be completely repaid
a. Due date b. origin or loan date c. pay day d. maturity date
17. ______ is amount of money borrowed or invested on the origin date
a. Rate b. time c. interest d. principal
18. A store gives only the sales price P120.00 and the discount 25%. What is the regular price of the
item on sale?
a. 165 b. 160 c. 170 d. 175
19. A way of calculating interest that is computed on the principal and also on the accumulated past
interests?
b. Calculator b. percentage c. simple interest d. compound interest
20. Why most banks use compound interest than simple interest?
a. Simple interest yields more wealth than compound interest
b. Simple interest has easy formula to use with
c. Compound interest yields more wealth than simple interest
d. Compound interest is fu, the formula
21. To compute for the value of the annual compound interest, the formula to use is given by.
a. F=P ¿ b. Is=Prt c. Ic=F−P c. Ic=P(1+ rt)
 22. Which among the following is the formula to obtain the simple interest?
a. F=ma b. Is=Prt c. Is=P ( 1+ rt ) d. Ic=P(1+ rt)
For item 23-25: Given the formula of the simple interest Is=Prt ,
23. What will be the equation if the time t is the unknown?
Is Pr
a. t=Is−Pt b. t=Is+ Pt c. t= d. t=
Pr Is
24. What will be the equation if the Principal P is the unknown?
rt Is
a. P=I s −rt b. P=Is+rt c. P= d. P=
IS rt
25. What will be the equation if the rate r is the unknown?
Pt I
a. r =I s−Pt b. r =I s+ rt c. r = d.r = S
Is Pt
26. Given the formula of the simple interest SI =Prt ; compute the simple interest if P=1,000, r=
5.002%, and t= 3 years.
a. 49.05 b. 150.06 c. 69.96 d. 79.13
27. The formula for the annual maturity value is given F=P(1+r )t ; compute the maturity value if the
principal P= 13,000, r= 7% and t= 2 years.
a. 1,820.00 b. 7, 234.87 c. 14, 883.7 d. 6,000.00
28. Find the interest on Php 10,000 invested in a bank that offers 0.012% annual simple interest for 5
years.
a. P500 b. P50 c. P600 d. P6
29. Given the principal amount P=10,000, r= 0.7% and t= 13 years. Compute the simple interest.
a. 1,000 b. 2,100 c. 910 d. 210
30. Given the principal amount P= 15,000, r= 7% and t= 3 years. Compute the maturity value of an
annual compound interest.
a. 12, 250 b. 12,000.03 c. 18, 375.65 d. 23, 435.23
31. A sequence of payments made at equal time periods is a/an _________.
a. Stocks b. bonds c. annuity d. investment
32. An annuity where payment interval is the same as the interest period is a/ an_______.
a. Simple annuity b. general annuity c. uncertain annuity d. annuity certain
33. An annuity in which payments begin and end at definite time is a/an _______.
a. Simple annuity b. general annuity c. uncertain annuity d. annuity certain
34. A/An _________ is an annuity in which the period of payment is made at the beginning of each
payment interval and the compounding period is equal or the same as the payment interval.
a. Simple ordinary annuity
b. General ordinary annuity
c. General annuity due
d. Simple annuity due
35. A/An ___________ is a simple annuity in which the period of payment is made at the end of each
payment interval.
a. Simple ordinary annuity
b. General ordinary annuity
c. General annuity due
d. Simple annuity due
36. When the period of payment is not made at the beginning is not made at the beginning nor at the
end of each payment interval, but some later date, the annuity called _______.
a. Certain b. deferred c. uncertain d. perpetuities
37. A term that refers to the payments received, or payments or deposit made.
a. Cash flow b. fair market value c. cash price d. single amount
38. An annuity that does not begin until a given time interval has passed.
a. Annuity b. deferred annuity c. immediate annuity d. period of deferral
39. Refers to a single amount that is equivalent to the value of the payment stream at a particular date.
a. Cash flow b. fair market value c. cash price d. focal date
40. Emman availed of a cash loan that gave her an option to pay Php 10,000 monthly for 1 year. The
first payment is due after 6 months. What is the period of deferral?
a. 6 b. 5 c. 4 d. 2
II. Complete the sentence by choosing the words provided for you inside the word pool box.

Lender/creditor time/term principal Borrower/debtor

Annuity ordinary annuity term of annuity regular or periodic payment
Repayment date/maturity date ` amount (future value) of an annuity
Rate interest simple interest compound interest
Origin/ loan date simple annuity general annuity present value of an annuity
general ordinary annuity cash flow
41. _________ person (or institution) who invests the money or makes the funds available
42. _________ person (or institution) who owes the money or avails of the funds from the lender.
43. _________ date on which money is received by the borrower.
44. _________ date on which the money borrowed or loan is to be completely repaid.
45. _________ amount of time in years the money is borrowed or invested; length of time between the
origin and maturity dates.
46. _________ amount of money borrowed or invested on the origin date.
47. _________ annual rate, usually in percent, charged by the lender, or rate of increase of investment.
48. _________ amount paid or earned for the use of money.
49. _________ interest that is computed on the principal and then added to it.
50. _________ interest is computed on the principal and also on the accumulated past interest.
51. _________ is a sequence of equal payments made at equal intervals of time usually monthly,
quarterly, semi- annually and annually.
52. _________ an annuity where the payment interval is the same as the interest period.
53. _________ an annuity where the payment interval is not the same as the interest period.
54. _________ a type of annuity in which the payment are made at the end of each payment interval.
55. _________ time between the first payment interval and last payment interval.
56. _________ the amount of each payment.
57. _________ sum of future values of all payments to be made during the entire term of the annuity.
58. _________ sum of present values of all payment to be made during the entire term of the annuity.
59. _________ a general annuity in which the periodic payment is made at the end of the payment
interval.
60. A _______ is a term that refers to payments received ( cash inflows) or payments deposits made
( cash outflows).

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