FINAL EXAM MATH BY: ARIAM

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Question 1
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It refers to the number that occurs most frequently in a list of numbers.

Select one:

a. Mode

b. Median

c. Mean

d. Deviation

Clear my choice

Question 2
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How long will 1,000 amount to 1,346 if invested at 6% compounded quarterly?

Select one:

a. 3 years

b. 6 years

c. 5 years

d. 4 years
 Clear my choice

Question 3
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A man borrowed 10,000 and agrees to pay at the end of 90 days under 8% simple interest
rate. What is the required amount?

Select one:

a. 10,700

b. 11,500

c. 9,500

d. 10,200

Clear my choice

Question 4
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What rate compounded annually will double any sum in 6 years?

Select one:

a. 12.30%

b. 12.4%

c. 12.20%

d. 12.25%

Clear my choice
Question 5
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It refers to the middle number if n is odd for a ranked order list of numbers.

Select one:

a. Deviation

b. Mean

c. Mode

d. Median

Clear my choice

Question 6
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Annuity where payment is done at the end of the term

Select one:

a. Ordinary annuity

b. Exact annuity

c. Annuity due

d. Deferred annuity

Clear my choice

Question 7
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The total amount the borrower would need to repay a loan

Select one:

a. Present value

b. Principal

c. Compound value

d. Maturity value

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Question 8
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It is one whose payment depend on an event that cannot be foretold accurately.

Select one:

a. ordinary annuity

b. annuity due

c. deferred annuity

d. contingent annuity

Clear my choice

Question 9
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If money is worth 4% compounded monthly ,what payment at the end of each quarter will
replace payments of Php 500.00 monthly

Select one:

a. 1,565.00

b. 1,525.00

c. 1,500.00

d. 1,505.00

Clear my choice

Question 10
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The maturity value of a loan of Php 10,000 and interest half of the principal

Select one:

a. 11,000

b. 15,000

c. 18,000

d. 12,000

Clear my choice

Question 11
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The mode for the data in #5 is

Select one:

a. none

b. 12

c. 9

d. 10

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Question 12
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A loan of Php 2000 is made for a period of 13 months at a simple interest rate of 20%.What
is the maturity value?

Select one:

a. 2,433.33

b. 2,434.22

c. 2,450.12

d. 2.400.32

Clear my choice

Question 13
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It refers to a collection of numbers or values that relate to a particular subject.

Select one:
a. sequence

b. null

c. set

d. Data set

Clear my choice

Question 14
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What is the present worth of a Php 1000 annuity over a 10-year period if interest rate is
8%?

Select one:

a. 6710.00

b. 8976.00

c. 7896.00

d. 6234.80

Clear my choice

Question 15
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It is an interest bearing contract which obligates the borrower to make payments of interest
and principal on specific dates to the holder of the bond

Select one:
a. Check

b. Loan

c. Annuity

d. Bond

Clear my choice

Question 16
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It displays a data set by dividing the data into intervals, or, classes, and listing the number
of data values that fail into each interval.

Select one:

a. Normal distribution

b. Relative frequency

c. Frequency distribution

d. Cumulative frequency distribution

Clear my choice

Question 17
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The median for the data in #5 is

Select one:

a. 11
b. 15

c. 10

d. 12

Clear my choice

Question 18
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What rate compounded quarterly is equivalent to 14% compounded semiannually?

Select one:

a. 13.52%

b. 13.76%

c. 13.45%

d. 13.65%

Clear my choice

Question 19
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The interest computed on the basis of a 360-day year

Select one:

a. Simple interest

b. Ordinary interest
c. Compound

d. Exact interest

Clear my choice

Question 20
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It is one which payment begin and end at fixed times.

Select one:

a. Annuity due

b. Annuity certain

c. Ordinary annuity

d. Contingent Annuity

Clear my choice

Question 21
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It is also referred to as the principal

Select one:

a. annuity

b. amount

c. maturity value
d. Present value

Clear my choice

Question 22
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How long will it take for 500 to accumulate to 2,000 at 12% compounded semi-annually?

Select one:

a. 12 years

b. 12.9 years

c. 12.5 years

d. 12.7 years

Clear my choice

Question 23
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The exact simple interest on 5,000 for the period of January 15 to November 28,1992 if the
interest rate is 22%

Select one:

a. 300.55

b. 547.65

c. 955.74

d. 451.89
 Clear my choice

Question 24
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It is an amount where the borrower is obliged to pay before the bond is surrendered to the
borrower.

Select one:

a. maturity value

b. final amount

c. Final redemption value

d. present value

Clear my choice

Question 25
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It refers to the sum of the numbers divided by n.

Select one:

a. Median

b. Mode

c. Deviation

d. Mean

Clear my choice
Question 26
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If 16,000 earns 480 in 9 months ,what is the annual rate of interest?

Select one:

a. 4%

b. 1%

c. 3%

d. 2%

Clear my choice

Question 27
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The actual number of days between May 4 and Sept 6 of the same year is

Select one:

a. 130

b. 125

c. 128

d. 135

Clear my choice

Question 28
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The present worth of 20,000 with simple interest of 12% due in 9 months is

Select one:

a. 21,000.00

b. 18,348.62

c. 18,509.23

d. 23.500.00

Clear my choice

Question 29
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It represents the interest earned date or coupon date also referred to as coupon annuity
payments

Select one:

a. Periodic payment

b. Annuity

c. Bond

d. Borrowed principal

Clear my choice

Question 30
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Question text

It is used to convert any formal distribution into the standard normal curve between them.

Select one:

a. T-score

b. Ratio

c. Standard deviation

d. Z-score

Clear my choice

Question 31
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How many conversion periods are there for an amount of 1000 compounded quarterly for 5
years

Select one:

a. 15

b. 5

c. 10

d. 20

Clear my choice

Question 32
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It refers to the bond rate or coupon rate

Select one:

a. Nominal rate

b. Compound value

c. Present value

d. Effective ratel

Clear my choice

Question 33
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The largest interest can be obtained when compounded.

Select one:

a. semi-annually

b. quarterly

c. monthly

d. annually

Clear my choice

Question 34
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Which is regarded as an annuity?

Select one:
a. Electricity bill

b. Monthly wage

c. Monthly rental

d. Water bill

Clear my choice

Question 35
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Find the interest rate on 6800 for 3 years at 11% simple interest .

Select one:

a. 1,875.000

b. 2,244.00

c. 2144.00

d. 1987.00

Clear my choice

Question 36
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The actual time in days from May 1 to Dec 15 of the same year is

Select one:

a. 240
b. 228

c. 230

d. 227

Clear my choice

Question 37
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It is an interest computed based on the original principal during the whole life of investment

Select one:

a. simple

b. bond

c. compound

d. annuity

Clear my choice

Question 38
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The process of determining the current value of a bond

Select one:

a. Bond evaluation

b. Bond validation
c. Bond determination

d. Bond interest

Clear my choice

Question 39
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How much must be invested today in order to have 15,500 in 2 years if money is worth
12% simple interest?

Select one:

a. 12,200

b. 12,500.00

c. 12,000

d. 13,000

Clear my choice

Question 40
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The line that minimizes the sum of the squares of the vertical deviations from each data
point to the line is referred to as the least-squares regression line, or least- squares line for

Select one:

a. Regression line

b. Random line
c. Least regression line

d. Least-squares regression line

Clear my choice

Question 41
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It is found by assuming each month to be 30 days

Select one:

a. Approximate time

b. Simple time

c. Ordinary time

d. Exact time

Clear my choice

Question 42
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Which covers the longest time?

Select one:

a. 20 months

b. 800 days

c. 100 weeks
d. 1.5 years

Clear my choice

Question 43
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At a certain interest compounded semiannually , 5,000 will amount 20,000 in 10 years

.What is the amount at the end of 15 years?

Select one:

a. 40,000.23

b. 40,029.72

c. 40,000.000

d. 40,920.23

Clear my choice

Question 44
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Accumulate 5,000 for 10 years at 8% compounded quarterly.

Select one:

a. 11,040.20

b. 10,345.80

c. 12,456.30

d. 13,876.50
 Clear my choice

Question 45
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It is a sequence of equal payments made at equal periods

Select one:

a. Interest

b. Compound interest

c. Annuity

d. Bond

Clear my choice

Question 46
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The compound amount when 2,000 is invested at 10% compounded every 6 months for 2
years.

Select one:

a. 2,340.12

b. 2,345.20

c. 2,423.00

d. 2,431.01

Clear my choice
Question 47
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How long will 4,000 to 14,000 at a simple interest rate of 12.5% ?

Select one:

a. 20 years

b. 15 years

c. 25 years

d. 10 years

Clear my choice

Question 48
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The time between successive interest computation

Select one:

a. Exact time

b. Compounding period

c. Approximate time

d. Regression period

Clear my choice

Question 49
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The mean for data set: 10,12,15,16.,8, 7 is

Select one:

a. 12.12

b. 11.33

c. 10.55

d. 14.10

Clear my choice

Question 50
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What is the annual rate of interest if 265 is earned in four months on an investment of
15,000.00?

Select one:

a. 5.1%

b. 5.3%

c. 5.2%

d. 5,0%