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2nds-4thq-quiz3-business-mathematics

This document is a quiz for Grade 11 students in Business Mathematics, focusing on concepts such as interest, principal, and cash discounts. It includes multiple-choice questions and problem-solving exercises related to calculating interest and understanding loan terms. The quiz is structured with clear directions and requires students to provide answers in a specified format.

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Ericko Alegria
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4 views

2nds-4thq-quiz3-business-mathematics

This document is a quiz for Grade 11 students in Business Mathematics, focusing on concepts such as interest, principal, and cash discounts. It includes multiple-choice questions and problem-solving exercises related to calculating interest and understanding loan terms. The quiz is structured with clear directions and requires students to provide answers in a specified format.

Uploaded by

Ericko Alegria
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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4/F kostka Building, 289 Katipunan Avenue, Loyola heights, 1108 Quezon City

2nd Semester 4th Quarter S.Y 2017-2018


GRADE 11 SHS
Business Mathematics
Quiz 3

NAME: ________________________________SECTION: ______________ DATE: ____________

General Directions:
 Read and understand each statement carefully.
 Write your answer on the test paper.
 Erasure means wrong.
 Use black ink pen only. ( Friction pen is not allowed )

I. Directions: From the pool of words below, identify the word or group or words being referred to by the following
statement. Write your answer on the space provider.
Simple Interest Interest Expense Interest Income Cash Discount Principal Interest Rate
Time Cost of Credit

__________________1. The sales discount granted by the seller to the buyer.


__________________2. The amount borrowed.
__________________3. The term of period of loan.
__________________4. The cost of using money expressed as a percentage of the principal for a given period of time,
which is usually per year.
__________________5. It is generally regarded as the cost of borrowing or lending out of money.
__________________6. The amount of money earned on invested money or money lent.
__________________7. The amount of money charged for the use of borrowed money.
__________________8. Interest computed on the original principal for any time period or length of time money is
borrowed or lent/invested.

II. Directions: Solve the following problems below with given and complete solution.

1. Invoice Date: April 22 Term: 2/15, n/30


a. Deadline for discount period.
b. Deadline for credit period.
2. Invoice Date: July 19 Term: 2/15, 3/20, n/60
a. Deadline for 2% discount period.
b. Deadline for 3% discount period.
c. Deadline for credit period

(See others at the back.)


3. Minnie invested ₱15,000.00 at 14% for 2.5 years.
a. How much accumulated amount will Minnie have at the end of the period?
b. How much interest will she earn? Prove your answer.
4. Accumulate ₱1,200.00 for 2 years at 3% per quarter simple interest. (Hint: 1 year = 4 quarter)
a. Find the Future Value.
b. Find the Interest.

(See others at the back.)


Prepared by:
Mr. Ericko P. Alegria

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