Republic of the Philippines

Department of Education
MIMAROPA Region
SCHOOLS DIVISION OF PUERTO PRINCESA CITY

SECOND QUARTER ASSESSMENT IN GENERAL MATHEMATICS 11

Directions: Carefully read each question and shade the letter of your answer on your answer
sheet.

1. Which is the amount paid or earned for the use of money?

A. Compound Interest B. Lender C. Simple Interest D. Interest
Answer:
Interest is the amount paid or earned for the use of money.

2. Which of the following is the best statement illustrate a compound interest?

A. The interest that is computed on the principal and then added to it.
B. The interest refers to the amount earned for a year calculated by multiplying the principal
and the interest rate.
C. The interest that the amount paid or earned for the use of money.
D. The amount of money borrowed or invested on the origin date.
Answer:
compound interest is the amount earned for a year calculated by multiplying the principal
and the interest rate.

3. All are examples of annuity certain EXCEPT paying .

A. Car B. Tuition Fee C. House and Lot D. Life Insurance
Answer:
Life Insurance is an example of contingent annuity.

4. What type of interest is computed on the principal and the accumulated past interests?
A. Simple Interest B. Maturity Value C. Compound Interest D. Present Value
Answer:
Compound Interest is computed on the principal and the accumulated past interests.

5. If an entrepreneur applies for a loan amounting to ₱ 500,000 in a bank, the simple interest of
which is ₱ 157,500 for 3 years, what interest rate is being charged?
A. 10.5% B. 10% C. 8.5% D. 9%

Given: P=500000, 𝐼𝑠 = 157000, 𝑡 = 3, 𝑓𝑖𝑛𝑑: 𝑟

Solution:
𝐼𝑠 157000
𝑟= = ≈ 0.105 𝑜𝑟 10.5%
𝑃𝑡 (500000)(3)

6. Pension payment is an example of .

A. Contingent Annuity C. Annuity Immediate
B. General Annuity D. Annuity Certain
Answer:
Contingent Annuity is an annuity in which the payments extend over an indefinite length of
time.

7. Mr. Von Duk borrowed an amount of money from Mr. Lu Pah. He agrees to pay the principal plus
interest by paying ₱45,000 each year for 3 years. How much money did he borrow if interest is 8%
compounded quarterly?
A. ₱146,434.09 B. ₱115,462.33 C. ₱35,482.21 D. ₱129,774.75

Given: R=45000, 𝑡 = 3, 𝑚 = 4, 𝑖 4 = 8% 𝑜𝑟 0.08, 𝑛 = 3, 𝑗 = 0.082432, 𝑓𝑖𝑛𝑑: 𝑃

Solution:
1 − (1 + 𝑗)−𝑛 1 − (1 + 0.082432)−3
𝑃=𝑅 = 45000 = 115,462.33
𝑗 0.082432
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UNIFIED ASSESSMENT | GENERAL MATHEMATICS 11| QUARTER 2
 8. What is the maturity value of ₱15,000 compounded annually at 2% for 7 years?
A. ₱2,100.00 B. ₱17,100.00 C. ₱2,230.00 D. ₱17,230.00

Given: P=15000, 𝑡 = 7, 𝑚 = 1, 𝑖 1 = 2% 𝑜𝑟 0.02, 𝑛 = 7, 𝑓𝑖𝑛𝑑: 𝐹

Solution:
𝑖𝑚 𝑛 0.02 7
𝐹 = 𝑃(1 + ) = 15000(1 + ) = 17, 230.29
𝑚 1

For item number 9-10.

Suppose your father deposited in your bank account ₱10,00 at annual interest rate of 0.5%
compounded yearly when you graduated from kindergarten and did not get amount until you finish
Grade 12. How much will you have in your bank account after 12 years?

9. What is the annual interest rate in the problem?

A. 5% B. 0.05% C. 0.5% D. 0.005%

Answer:
It is stated in the problem that the annual interest rate is 0.5%

10. What is the future value in the given problem?

A. ₱ 10,616.77 B. ₱ 9,616.,70 C. ₱10,166.8 D. ₱16,676.88

Given: P=10 000, 𝑡 = 12, 𝑚 = 1, 𝑖 1 = 0.5% 𝑜𝑟 0.005, 𝑓𝑖𝑛𝑑: 𝐹

Solution:
𝑖𝑚 𝑛 0.05 12
𝐹 = 𝑃(1 + ) = 10 000(1 + ) = 10, 616. 77
𝑚 1

11. In order to save her high school graduation, Marie decided to save ₱ 200 at the end of each
month. If the bank pays 0.25% compounded monthly, how much will her money be at the end of 6
years?
A. 14,507.02 B. 15,407.02 C. 17,504.02 D. 12,450.7

0.0025
Given: R = 200, t= 6, m =12, im = 0.25% or 0.0025, n = 6(12) = 72 j= 12
= o.0002083

(1+0.0002083)72 −1
𝐹 = 200 [ 0.0002083
]= 14,507.02

As the interest period

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UNIFIED ASSESSMENT | GENERAL MATHEMATICS 11| QUARTER 2
 12. If the interest conversion or compounding period is equal or the same with the payment
interval, chat type of annuity is illustrated?
A. Annuity certain B. Annuity Uncertain C. Simple annuity D. General annuity

Ans. Simple Annuity

Simple annuity is an annuity where the payment interval is the same as the interest period

13. Which of the following refers to the fixed sum of the money paid to someone at regular intervals
and subject to fixed interest?
A. Annuity B. Simple interest C. compound interest D. annuity certain

Ans. Annuity is a sequence of payment made at equal (fixed) intervals or period of time.

14. What type of annuity is represented by a deposit of ₱ 10,000.00 that is made at the end of every
month to an account that earns 2.6% interest compound quarterly?
A. Simple B. General C. Ordinary D. Annuity Due

Ans. General annuity where the payment interval is not the same as the interest period.
Payment interval is monthly, interest per period is quarterly.

15. Time between the purchase of an annuity and the start of the payment for the deferred
annuity. What is it?
A. Differed annuity B. Period of Deferral C. Focal Date D. Artificial payment
Ans. Period of deferral is the time between the purchase of an annuity and the start of the
payments for the deferred annuity.

16. monthly payment of ₱ 2,000 for 5 years that will start 7 months from now. What is the period of
deferral?
A. 6 period B. 7 period C. 5 period D. 8 period
Ans. The first payment is at time 7. The period of deferral will be from time 0 to 6, which is
equivalent to 6 periods or 6 months.

17. Which of the following is not an example of annuities?

A. pension B. educational plan C. car loan D. deposit
Ans. Deposit is not example of annuities because it has no fixed amount to be deposited.

18. Paolo borrowed 100,000. He agrees to pay the principal plus interest by paying an equal
amount of money each year for 3 years. What should be his annual payment if interest is 8%
compounded annually?
A. ₱38,308.35 B. ₱ 38,803.35 C. ₱ 83,303.35 D. ₱ 35,803. 25

Given: P = 100, 000 𝑖 1 = 0.08 m=1 t = 3 years, n =mt 1(3) = 3 period, Find R.

𝑃
𝑅=
1 − (1 + 𝑗)−𝑛
𝑗
100,000
𝑅= 1−(1+0.08)−3
0.08
R = 38,803.35

For Item number 19-20:

On his 40th birthday, Mr. Ugalde decided to buy a pension plan for himself. This plan will allow
him to claim ₱10,000.00 quarterly for 5 years starting 3 months after his 60th birthday. What
one-time payment should he make on his 40th birthday to pay off this pension plan, if the interest
rate is 8% compounded quarterly?

19. What is the period of deferral in the problem?

A. 20 B. 40 C. 80 D. 60
Ans. Period of deferral is 20, from 40th birthday to 60 years old. But the K is = 80.

20. What is the present price of the pension plan that Mr. Ugalde bought.
A. ₱38,388.40 B. ₱38,358.38 C. ₱33,538.38 D. ₱₱33,358.38
Ans. Solution:
Given: R= 10,000 i4 = 0.08 t= 5 m = 4, Find P.
0.08
K = 4(20) = 80, n = mt = 4(5) = 20, j = = 0.02
4

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UNIFIED ASSESSMENT | GENERAL MATHEMATICS 11| QUARTER 2
 1 − (1 + 𝑗)−(𝑘+𝑛) 1 − (1 + 𝑗)−𝑘
𝑃 = 𝑅[ ]−𝑅 [ ]
𝑗 𝑗
1−(1+0.02)−100 1−(1+0.02)−80
𝑃 = 10,000 [ 0.02
]− 10,000 [ 0.02
]
𝑃 = 33,538.38

21. Which of the following is a share in the ownership of the company?

A. Bonds B. Stocks C. Share D. Stock Market
Solution:
Stocks – is a form of equity financing or raising money by allowing investors to be part-owners of
the company (General Mathematics Learners Material, p. 209)

22. What is an interest- bearing security that promises to pay a stated amount on the maturity and
regular interest payments?
A. Stocks B. Bond C. Stock Market D. Share
Solution:
Bond – is an interest-bearing security which promises to pay a stated amount on the maturity
and regular interest payment.

23. The theory of efficient markets says that stock prices already reflect all the available information
about the stock. This means that stock prices are 'accurate' - they already give a correct measure of
the value of a stock precisely because the prices are already based on all information and
expectation about the stock. Which of the following describes the strong form of the theory?
A. Information (public and private) are incorporated in the price.
B. Doing a fundamental analysis (gathering all public data) will not lead to systematic profits.
C. Stock prices already reflect all past market trading data and historical information only.
Thus, knowing past data will not give investors an edge.
D. Stock prices already reflect all publicly available data, including those involving the product,
management team, financial statement, competitors, and industry.
Solution:
Strong form of the theory – all information (public and private) are incorporated in the price.
(General Mathematics – Learners Materials, page 223)

24. What is a bond?

A. a certificate of ownership in a corporation, with the right to a share of the earnings
B. a payment from an investor to a corporation for the rights to future profits
C. a group of stocks sold together for a set price.
D. a certified representing a loan from an investor to a corporation or government entity.
Solution:
For letter A, A certificate of ownership in a corporation, with the right to a share of the earnings,
is commonly referred to as a stock certificate.
For letter B, A payment from an investor to a corporation for the rights to future profits is
commonly known as an investment.
For letter C, A group of stocks sold together for a set price is commonly referred to as a "basket"
or a "portfolio.
For letter D, A certificate representing a loan from an investor to a corporation or government
entity, you might be thinking of a "bond."

25.A person or an entity that gives money or allocates capital with the expectation of receiving
financial returns.
A. entrepreneur B. Stockbroker C. Politician D. Investor
Solution:
A person or entity that gives money or allocates capital with the expectation of receiving
financial returns is commonly referred to as an "investor." Investors can take various forms,
including individuals, institutions, or organizations, and they deploy their funds with the goal of
generating income, capital appreciation, or other financial benefits.

26.What do you called the current price of a stocks at which it can be sold?
E. Stock Market B. Bond Market C. Market value D. Par Value
Solution:
A market value is the current price of a stock at which it can be sold. (General Mathematics
Learners Material, p. 210)

27. Which has been used to start a business or to have a business expansion?
A. Business Loan B. Consumer Loan C. Collateral D. Term of the Loan
Solution:
A Business Loan is a money lent specifically for business purpose. (General Mathematics Learners

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UNIFIED ASSESSMENT | GENERAL MATHEMATICS 11| QUARTER 2
 Material, p. 225)

28. Which of the following is NOT an example of a business loan?

F. Mr. Serenio plans to have a barbershop. He wants to borrow some money from
the bank for him to buy the equipment and furniture for the barbershop.
G. Mr. and Mrs. Gibbs want to borrow money from the bank to finance the
college education of their son.
H. Keyara has a computer shop. She owns 6 computers. She decided to borrow
some money from the bank to buy 10 more computers.
I. Mr. Morningstar owns a siomai food cart business. He wants to put another food cart
on a new mall in the other city. He decided to have a loan to establish the new
business.
Solution:
Because B is an example of consumer loan. The rest are for business purposes.

29. For a purchase of a house and lot worth ₱3,800,000.00, the bank requires 20% down payment,
what is the mortgaged amount?
A. ₱3,400,000.00 B. ₱3,004,000.00 C. ₱3,000,400.00 D. ₱3,040,000.00
Solution:
Down Payment = down payment rate x cash price
= 0.20 (3, 800, 000)
= 760, 000
Mortgage Amount = cash price - down payment
= 3, 800, 000 – 760, 000
= 3, 040, 000

30. What is the gradual extinction of a debt, principal, and interest, by sequence of equal
periodic payments or installment payments due at the ends of equal intervals of time?
A. Business Loan B. Consumer Loan C. Loan D. Amortization
Solution:
The gradual extinction of a debt, principal, and interest through a sequence of periodic payments
or installment payments due at the ends of equal intervals of time is known as amortization.
(General Mathematics Learners Material, p. 226)

31. Which of the following propositions uses logical connectors?

A. Compound proposition C. Conjunction proposition
B. Disjunction proposition D. Simple proposition
Solution:
A compound proposition is a proposition formed from simpler proposition using logical
connectors or a combination of logical connectors such as not, and, or, If then and if and only if.

32. A proposition that is always true is called.

A.Fallacy B. Proposition C. Tautology D. Valid Argument
Solution:
A proposition that is always true is called a tautology.

33. The disjunction of propositions p and q is denoted by .

A. ~p B. p^q C. p→q D. pvq
Solution:
The disjunction of propositions p and q is denoted by pVq (read as “p or q”);

34. The negation of proposition p is denoted by . .

A.~p B. p^q C. p→q D. pvq
Solution:
The negation of proposition p is denoted by ~p (read as “not p”). It is always the opposite of the
statement.

35. Which of the following is NOT a proposition?

a. Smile at your seatmate.
b. Jose Rizal is our national hero.
c. If an integer is even, then its square is also even.
d. Ferdinand Magellan did not arrive in the Philippines in 1521
Solution:
Option A is not a declarative sentence. It gives a command to “smile at your seatmate”.
This is an imperative sentence.
Whereas options B, C and D are all declarative sentences. They are considered as
propositions.

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UNIFIED ASSESSMENT | GENERAL MATHEMATICS 11| QUARTER 2
 36. Which of the following is NOT a logical connector?
a. can B. not C. If, then D. or
Solution:
Logical connectors include “not”, “and”, “or”, “if, then” and “if and only if”.

37. What makes “Wow! That is beautiful!” a non-proposition?

A. It is a false statement B. It is bias C. It is not declarative D. It is nonsense
Solution:
“Wow! That is beautiful!” is a non-proposition because it is not a declarative sentence. This is
an exclamatory sentence that expresses great emotion and ends with exclamation mark(!).

38. In this statement “: The moon is not bright” “: Annie is not sleeping”. Distinguish what type
of logical connector used?
A. negation B. conjunction C. disjunction D. Biconditional

Solution:
“The moon is not bright”, “Annie is not sleeping”. These propositions are both using the logical
operator “not”. Note that the negation of proposition p is denoted by ~p (read as “not p”). It is always
the opposite of the statement.

For item number 39-40. Fill in the blank in the table.

p q P˄q p→q
T T T T
T F F 40
F T 39 T
F F F T

39. A. True B. False C. Maybe D. None of the above

Solution:
𝑝 ∧ 𝑞 indicates a conjunction. The truth table will only be true if both the propositions are
true. Therefore, item number 39 is False (F).

40. A. True B. False C. Maybe D. None of the above

Solution:
𝑝 → 𝑞 indicates conditional. The truth table will only be False if the first proposition
(hypothesis) is true and the second proposition (conclusion) is false. Otherwise, it is true.
Therefore, in item number 40, it is false (F).

******************END OF THE TEST******************************

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UNIFIED ASSESSMENT | GENERAL MATHEMATICS 11| QUARTER 2