Republic of the Philippines

DEPARTMENT OF EDUCATION
Region VI- Western Visayas
Division of San Carlos City
San Carlos City, Negros Occidental

Julio Ledesma National High School

SENIOR HIGH SCHOOL
GENERAL MATHEMATICS
ASSESSMENT 2

I. Multiple Choice
Choose the letter of the best answer. Write the chosen
letter on a separate sheet of paper.
1. What is referred to as a fixed sum of money paid to
someone at regular intervals, subject to a fixed
compound interest rate?
a. compound interest c. annuity
b. simple interest d. annuity certain
2. What do you call the fixed payment and interest
over a specified time?
a. annuity payment c. due payment
b. interest payment d. general payment below.
3. The interval between the beginning of the first 8. What is the rate of interest?
payment period and the end of the last period. a. 1.10% c. 0.10%
a. period c. term b. 10% d. 0.01%
b. due d. interval 9. What is the term of the payment?
4. What type of annuity is represented by a deposit of a. 10 years c. 10 months
₱ 6,000.00 that is made at the end of every three b. 4 years d. 4 months
months to an account that earns 5.6% interest 10. What is the sum of all the payments of the given
compounded quarterly? annuity?
a. simple c. ordinary a. ₱ 30,218 c. ₱ 32,000
b. general d. annuity due b. ₱ 31,718 d. ₱ 37,128
5. Which of the following situations is an example of a
general annuity? II. Problem Solving
a. ₱ 5,000 deposited every month for 5 years at 8% per Using the given annuity problems, fill in the blanks in
year compounded annually. the statement that follows.
b. ₱ 5,000 deposited every six months for 5 years at For number 11-15.
8% per year compounded semi-annually. Find the amount of an annuity of ₱ 4,000
c. ₱ 5,000 deposited every three months for 5 years at every 3 months for 10 years if interest is 8%,
8% per year compounded quarterly. compounded annually.
d. ₱ 5,000 deposited every year for 5 years at 8% per 11. The type of annuity illustrated in the problem is
year compounded annually. .
6. The sum of all the payments to be made during the 12. The total number of payments is .
entire term of the annuity. 13. The number of conversion period is .
a. future value c. loan value 14. The interest rate per period is .
b. present value d. interest value 15. The present value of the loan is .
7. Which of the following situations is NOT an example For number 16-20.
of simple annuity? A loan of ₱ 30,000 is to be paid monthly for 5
a. ₱1,500 deposited every month for 15 years at 10% years that will start at the end of 4 years. If converted
per year compounded annually. monthly at 12%, how much is the monthly payment?
b. ₱1,500 deposited every month for 15 years at 10% 16. The type of annuity illustrated in the problem is
per year compounded monthly. .
c. ₱1,500 deposited every six months for 15 years at 17. The total number of payments is .
10% per year compounded semi-annually. 18. The number of conversion period in the period
d. ₱1,500 deposited every three months for 15 years deferral is .
at 10% per year compounded quarterly. 19. The interest rate per period is .
For numbers 8-10. Given the cash flow of an annuity 20. The present value of the loan is .