Republic of the Philippines

Department of Education
Region XI – Davao Region
Schools Division of Davao City
MAHAYAG NATIONAL HIGH SCHOOL
Purok 1 Barangay Mahayag, Davao City

Senior High School

Assessment Quarter 2
General Mathematics
NAME: ______________________________________ SCORE: __________
GRADE & SECTION: __________________________ DATE: ___________
I. Write the correct answer on the space provided before each number. For multiple choice items, write the letter that corresponds to the best
answer.
1. Xiana invested P10,000.00 with 2% interest for 5 years, she will be earning P11,000.00 at the end of the term. What type of
interest did she applies?
a. Simple Interest b. Compound interest c. Annuity d. Payment Interval
2. Referring to the same problem #1, what would be the maturity value if compound interest is being used?
a. ₱ 10,234.00 b. ₱ 10,612.08 c. ₱ 11,040.81 d. 10,404.00
3. How can you identify if problem involves simple interest?
a. Principal value is changing b. Principal and interest are fixed c. Payment interval d. Fair value
4. Which of the following refers to the sum of the principal amount and the interest .
a. Final Amount b. Market Value c. Interest d. Present Value
5. A savings account in a bank yields 0.25% compound interest annually. Accumulate ( find the future value) P 25,000 for 4
years in this savings account. How much interest will be gained?
a. P 265.56 b. P 250.94 c. P 225.34 d. P 543.76
6. Find the rate of interest if the principal amount is P1,200.00, interest is P800.00 & the time is 2 years?
a. 35% b. 33.33% c. 36.5% d. 40%
7.In order to have P50,000.00 in 5 years how much should you invest if the compound interest is 5%?
a. P 39,176.31 b. P 35, 456.76 c.P39,675.90 d. P39,276.32
8. It refers to the fixed sum money paid to someone at regular intervals and subject to a fixed compound interest?
a. simple interest b. annuity c. compound interest d. annuity certain
9. Each payment in an annuity.
a. loan payment b. cash payment c. interest payment d. periodic payment
10. The interval between the beginning of the first payment period and the end of the last period.
a. period b. due c. term d. interval
11. Find the present value if payments of P2,000 for 5 years with interest rate of 8% compounded quarterly.
a. P33,345.89 b. P32,702.87 c. P30,677.77 d.P34,897.00
12. Mr. Bajada paid P200,000 as down payment for a farm. The remaining amount (liability) is to be settled by paying P 16,200
at the end of each month for 5 years. If interest is 5% compounded semi-annually, what is the cash price of his farm?
a. P 1,059,519.92 b. P 1,098,788.90 c. P 1,098,344.77 d. P 988,678.88
14.Which of the following situations is NOT an example of simple annuity?
a. ₱2,750 deposited every three months for 10 years at 8% per year compounded quarterly
b. ₱2,750 deposited every six months for 10 years at 8% per year compounded quarterly
c. ₱2,750 deposited every six months for 10 years at 8% per year compounded semi-annually
d. ₱2,750 deposited every month for 10 years at 8% per year compounded monthly
15. Which of the following situations is an example of a general annuity?
a. ₱6,700 deposited every three months for 7 years at 7.5% per year compounded quarterly
b. ₱6,700 deposited every year for 7 years at 7.5% per year compounded annually
c. ₱6,700 deposited every three months for 7 years at 7.5% per year compounded semi-annually
d. ₱6,700 deposited every month for 5 years at 7.5% per year compounded month
An appliance company offers a P5,000.00 downpayment and a monthly payment of P1,500.00 per month for a refrigerator
payable for 2 years. The interest rate is 9% compounded monthly.
16. What does P1,500.00 stand for?
 a. Regular payment b. Present Value c. Cash Price d. Downpayment
17.Which of the following is used to find the actual price of the refrigerator?
a. CV = P + I b. CV = DP + P c. CV = F – I d. CV = DP - P
For items 18-19, refer to the problem below.
Kardo has P250,000.00 which he plans to put in an investment for 5 years. He is choosing between two investments.
Investment A credits 6% interest compounded monthly, while investment B credits 6.5% interest compounded quarterly.
18. How much will Karlo earned if he will put his money on investment A?
a. P337,212.54 b. P378,212.54 c. P254,062.50 d. P250,500.50
19. What will be the compound interest for investment A?
a. P37,212.54 b. P87,212.54 c. P67,212.54 d. P77,212.54
20. How much will Karlo earned if he will put his money on investment B?
a. P344,223.58 b. P345,104.94 c. P254,062.50 d. P270,983.47
21. What will be the compound interest for investment B?
a. P94, 223.58 b. P84,062.50 c. P20,983.47 d. P95, 104.94
22. Which investment is better?
a. Investment A b. Investment B c. both A and B d. neither
23. Onyok borrows P5,000.00 that accumulated to P7,500.00. If the interest rate is 6% compounded semi-annually, how long
will he have to pay for his debt?
a. 6.77 years b. 3.48 years c. 6.86 years d. 6.81 years
24. It refers to an annual interest rate that maybe compounded once a year.
a. Nominal rate b. Periodic rate c. Effective rate d. Simple interest rate
25. It refers to the amount of time in years the money is borrowed or invested.
a. Principal amount b. Conversion Period c. Rate d. Term
26. Which of the following is the formula to be used in finding the present value of a compound interest problem if it is
compounded annually?
a. P = F(1+rt ) b. P = F(1+r )t c. P = F( 1+i )−n d. P = F(1+r )−t
27. In a certain compound interest problem, what will be the total number of conversion period of an amount is compounded
semi-annually for 5 years?
a. 20 b. 60 c. 5 d. 10
28. Using the given problem in item no. 23, determine the periodic rate if the interest rate is 15%?
a. 7.5% b. 3.75% c. 1.5% d. 1.25%
29. How many days are there in a year if the problem is solved using ordinary interest?
a. 365 b. 365.25 c. 360 d. 366
30. It is a form of equity financing or raising money by allowing investors to be part owners of the company.
a.Bonds b. Stocks c. Equity d. Liability
31. It is a form of debt financing, or raising money by borrowing from investors.
a.Bonds b. Stocks c. Equity d. Liability
32. A place where stocks can be bought or sold and is governed by the Philippine Stock Exchange.
a.Bureau of Internal Revenue b. Securities and Exchange Commission c. Stock Market d..Dept.of Trade & Industry
33. The per share amount as stated on the company certificate.
a.Diividend b. Stocks c.Par Value d.Market Value