Republic of the Philippines

Region 13
DEPARTMENT OF EDUCATION
Division of Agusan del Norte
LAS NIEVES NATIONAL HIGH SCHOOL
Poblacion, Las Nieves, Agusan del Norte

GENERAL MATHEMATICS
2nd Quarterly Exam S.Y. 2022 -2023

Name: ________________________________________________ Section: ________________

Teacher: ______________________________________________ Score: _______________

Direction: Read and analyze each item carefully. Blacken the circle of the number that corresponds
to your answer. Good luck and GOD bless!

1. Which of the following statements illustrates simple interest?

① It is the interest paid or earned for the use of money.
② It is the interest after t years; that the lender receives from the borrower on the maturity
date.
③ It is the interest that is computed on the principal and then added to it.
④ It is the interest that it computed on the principal and also on the accumulated past
interests.
2. Which of the following shows compound interest?
① Principal = ₱1000 term = 2 years rate = 5% Interest= ₱100
②Principal = ₱1500 term = 2 years rate = 10% Interest= ₱300
③Principal = ₱1000 term = 3 years rate = 5% Interest= ₱158
④Principal = ₱1500 term = 3 years rate = 10% Interest= ₱1,997
3. A bank offers 2.5% annual simple interest rate for a particular deposit. How much interest
will be earned if ₱200,000 is deposited in the savings account for 2 years?
①₱300,000 ②₱210,000 ③₱100,000 ④₱10,000
4. 4. John deposited ₱20,000 in a bank that pays 0.5% simple interest. How much will be his
money after 6 years? ① ₱600 ② ₱6,000 ③ ₱20,600 ④ ₱26,000
5. What is the amount of the interest of a loan for ₱20,000 at 6% compound interest for 6 years?
①₱23,820.32 ②₱23,600.00 ③₱3,820.32 ④₱3,600.00
6. In order to have ₱50,000 in 5 years, how much should you invest if the compound interest is
5%?
①₱63,814.08 ②₱62,500.00 ③₱51,262.56 ④₱39,176.31
7. Which of the following statements illustrates simple annuity?
① The payments are made at beginning of each payment interval.
② The payment interval is the same as the interest period.
③ The payments extend over an indenite length of time.
④ The payment interval is not the same as the interest period.
8. It refers to an annuity in which the periodic payment is made at the end of the payment
interval.
① Simple Ordinary Annuity ② General Ordinary Annuity
③ Simple Annuity ④ General Annuity
9. Find the present value of the semi-annual payments of ₱500 pesos at the end of each term for
10 years with interest rate of 5% compounded semi-annually.
①₱7,794.58 ②₱9,946.04 ③₱10,727.33 ④₱13,499.12
10.In order to save for her high school graduation, Ivy decided to save ₱200 at the end of every
month, starting the end of the second month. If the bank pays 0.250% compounded monthly
how much will be her money at the end of 5 years?
①₱6,306.42 ②₱6,036.42 ③₱6,176.42 ④₱6,716.42
11.Find the future value of the semi-annual payments of ₱500 pesos at the end of each term for
10 years with interest rate of 5% compounded semi-annually.
①₱13,499.12 ②₱13,994.12 ③₱12,727.33 ④₱12,772.33
12.Find the future value of the semi-annual payments of ₱8,000 at the end of each term for 12
years with interest rate of 12% compounded quarterly.
①₱144,832.94 ②₱144,382.94 ③₱411,461.66 ④₱411,641.66
13.Mr. Arnaldo received two oers on a lot that he wants to sell. Mr. Julio ordered ₱50,000 plus
₱40,000 every quarter for ve years. Find the fair market value if money can earn 5%
compounded annually.
①₱705,572.68 ②₱783,526.17 ③₱755,572.68 ④₱833,526.17
14.Find the period of deferral in quarterly payments of ₱2,000 for 5 years that will start 1 year
from now.
① 2 periods ② 3 periods ③ 4 periods ④ 5 periods
15.Adrian availed of a cash loan that gave him an option to pay ₱10,000 monthly for 1 year. The
rst payment is due after 6 months. How much is the present value of the loan if the interest
rate is 12% converted monthly?
①₱39,441.14 ②₱57,922.20 ③₱89,441.14 ④₱107,088.20
16.Which of the following statements about stocks and bonds is correct?
① Stocks are interest bearing security which promises to pay amount of money on a certain
maturity date.
② Bonds can be bought or sold at its current price called the market value.
③ Owners of stocks may be considered as part of the owners of the company.
④ There are two types of stocks: common stocks and prepaid stocks.
17.Which of the following statements best describes bonds?
①It has higher risk but with possibility of higher returns.
② Investors are guaranteed interest payments and a return of their money at the maturity
date.
③ It is a form of equity nancing or raising money by allowing investors to be part owners of
the company.
④ Prices vary every day and reported in various media.
18.It is referred as the price that buyers are willing to pay for the stocks.
①Ask Price ② Stock Price ③Market Price ④ Bid Price
19.Given the stock table below, nd the value of the change of the index from the previous
trading of holding rms.

①0.037 ② 2.42 ③6,153.37 ④ 11,741.55

20.It refers to the theory of efficient market which asserts that only all publicly available
information is incorporated in the price.
①weak form ② semi-strong form ③strong form ④semi-weak form
21. Which of the following statements is CORRECT in describing the business loan?
① Money lent for the sole purpose of having or improving the business
② Money lent for any purpose in improving or mitigating personal agenda.
③ Money lent by an individual for the purpose of personal necessity or family purpose.
④ Money lent by an individual for the purpose of investment to real-estate or to secure the
assets of the business.
22. In the situations inside the box below, which of these illustrating a consumer loan?
I: 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.
II: 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.
III: Mrs. Alonzo decided to take her family for a vacation. To cover the expenses, she decided to
apply for a loan
① I and II ② II and III ③ III and IV ④ I and IV
23. Mr Abaya got a ₱700 000 loan for the expansion of his business payable monthly in 4 years.
How much is the monthly amortization if the interest rate is 12 % compounded monthly?
① ₱16 934.12 ② ₱18 433.68 ③ ₱20 157.96 ④ ₱23 215.32
24. Which of the following statements is an illustration of a proposition?
① Mindanao is an island in the Philippines.
② My seatmate will get a perfect score in the Logic exam
③ It is not the case that is a rational number.
④ Find a number which divides your age
25. Which of the statements inside the box below are a compound proposition?

① I and II ② II and III ③ III and IV ④ I and IV

26. Which of the statements below is INCORRECT way of negating the statement “ is a
polynomial function”?
① It is not true that is a polynomial function. ② is not a polynomial function
③ It is not the case that is a polynomial function. ④ is a polynomial function is false
27. Consider the sentences inside the box at the right. Which of the items is the correct
translation on the operation of proposition “( p ʌ q ) v ( p ʌ q)”? r
① Either Victor has a date with Liza or Janree is sleeping, or Eumir is eating.
② Either Victor has a date with Liza and Janree is sleeping, or Eumir is eating.
③ Either Victor has a date with Liza and Janree is sleeping, and Eumir is eating
④ Either Victor has a date with Liza, or Janree is sleeping and Eumir is eating.
28. Which of the following truth tables below is the correct table for the proposition “p q”?

29. It is the annual rate of interests.

①Equivalent Rate ②Nominal rate ③ Rate ④Effective Rates
30. Two annual rates with different conversion periods that will earn the same compound
amount at the end of the given number of years.
①Equivalent Rate ②Nominal rate ③Rate ④Effective Rates
For numbers 31 to 33, refer to the situations inside the box below, then answer the questions
I. If this object is made of copper, it will conduct electricity. This object is made of copper,
so it will conduct electricity.
II. If Betty is on the plane, she will be in the A1 seat. But Betty is not in the A1 seat. So she
is not on the plane.
III. If someone kicks me, I will yell "ouch!" I just yelled "ouch!". Therefore, someone kicked
me
31. Which of the statements inside the box above illustrate tautologies?
① I, and II ② II, and III ③ III, and VI ④ I, and IV
32. Which of the statements inside the box above illustrate fallacy?
① I, and II ② II, and III ③ III, and VI ④ I, and IV
33. Which of the statements inside the box above illustrates Modus Pones?
① I ② II ③ III ④ IV
34. Which of the following proposition below is a valid?
① Students good in mathematics are smart. Emmanuel is smart, then he must be good in
mathematics.
② A number m divisible by 3 can be written as m=3k where k is an integer. A number n divisible
by 6 can be written as n = 6k where k is an integer. Therefore a number divisible by 3 is also
divisible by 6.
③ If a quadrilateral is a rhombus, then its two diagonals are perpendicular and congruent.
ABCD is a quadrilateral whose diagonals are perpendicular and congruent. Therefore it is a
rhombus.
④ It is not sunny this afternoon and it is colder than yesterday. If we will go swimming, then it
is sunny. If we do not go swimming, then we will take a boat trip. If we take a boat trip, then we
will be home by sunset. Thus, we will be home by sunset.
35. In the statement “ Descartes is a philosopher and mathematician”, determine whether it is a
simple or compound proposition.
① It is a compound proposition since the proposition has two parts, Descartes as a philosopher
and as a mathematician.
② It is a compound proposition because the proposition means two dierent persons, a
philosopher and a mathematician.
③ It is a simple proposition because the structure of the sentence is simple, it has a simple
subject and simple predicate.
④ It is a simple proposition since in the sentence it means the same person, Descartes as a
philosopher and as a mathematician.
36. It is the date on which the money borrowed or loan is to be completely repaid.
① Present Date ②Billing Date ③Repayment Date ④ Origin Date
37. When invested at an annual interest rate of 7%, the amount earned P11,200 of simple in two
years. How much money was originally invested?
①60,000 ②70,000 ③80,000 ④90,000
38. At what simple interest rate per annum will 21,500 accumulate to 25,000 in 3 years?
① 6.52% ②5.43% ③39.53% ④none
39. Find the maturity value if P37,250 is invested at 0.05% compounded annually for 15 years.
① 37,530.35 ②77,440.07 ③40,143.68 ④none
40. What is the present value of P14,185 due in 9 years if money is worth 0.125% compounded
annually?
①4,914.24 ②40,945.11
③12,684.52 ④14, 026.41
41. Find the maturity value if 15,000 is deposited in a bank at 1.6% annual interest compounded
quarterly for 7 years.
① 16,773.95 ② 44,980.55
③ 16,762.83 d. 15,425.07
42. It is the interest that is computed on the principal and also on the accumulated past
interests.
①simple interests ② simple annuity
③compound interests ④general annuity
43. A sequence of payments made at equal or fixed intervals or periods of time.
①interests ② annuity ③stocks ④bonds
44. An annuity where the payment interval is not the same as the interest period.
①simple interests ② simple annuity
 ③compound interests d. general annuity
45. An annuity that does not begin until a given time interval has passed.
①simple interests ②simple annuity
③compound interests ④general annuity
46. A type of annuity in which the payments are made at the end of each payment interval.
①simple annuity ②contingent annuity
③deferred annuity ④ordinary annuity
47. An annuity in which the payments extend over in an indefinite or indeterminate length of
time.
①simple annuity ② contingent annuity
③deferred annuity ④ordinary annuity
48. A type of annuity in which the payments are made at beginning of each interval.
①Annuity Certain ②contingent annuity
③Annuity due ④ordinary annuity
49. It is the per share amount as stated on the company certificate.
①Par value ②Market Value ③Fair Market Value ④Stock Value
50. It is the current price of a stock at which it can be sold.
①Par value ②Market Value ③Fair Market Value ④Stock Value

“Where there is no struggle, there is absolutely no progress.”

-Eric Thomas