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DEPARTMENT OF EDUCATION
Region VII, Central Visayas
Division of Cebu Province
District of Santa Fe
Santa Fe, Cebu
2nd
SUMMATIVE TEST in GENERAL MATHEMATICS (Quarter 2)
1. It is a financial obligation of paying someone a certain amount for the use of his or her
money.
A. Interest C. Principal
B. Loan D. Debt
2. It is a gradual extinction of debt, principal, and interest, by sequence of equal periodic
payments or instalment payments due at the ends of equal intervals of time.
A. Amortization C. Installment
B. Loan D. Payments
3. It is a person who guarantees to pay for someone else’s financial obligation if the
borrower fails to do so.
A. Guarantee C. Guarantor
B. Trustee D. Borrower
4. It is a loan, secured by collateral that the borrower is obliged to pay at specified terms.
A. Business Loan C. Mortgage
B. Consumer Loan D. Chattel Mortgage
5. It is an assets used to secure the loan.
A. Inventory C. Account Receivables
B. Investments D. Collateral
6. It is a loan usually made to fund a company’s operating expenses and other financial
needs.
A. Business Loan C. Mortgage
B. Consumer Loan D. Chattel Mortgage
7. Mr. Garcia borrowed Php1,000,00 for the expansion of his business. The effective
interest rate is 7%. The loan is to be repaid in full after one year. How much is to be paid
after one year?
A. Php1,060,000 C. Php1,080,000
B. Php1,070,000 D. Php1,090,000
8. A person borrowed Php1,200,000 for the purchase of a car. If his monthly payment is
Php31,000 on a 5 year chattel mortgage, find the total amount of interest.
A. Php1,850,000 C. Php1,750,000
B. Php1,950,000 D. Php1,860,000
9. If a house is sold for Php3,000,000 and the bank requires 20% down payment, find the
amount of the mortgage.
A. Php2,400,000 C. Php1,400,000
B. Php3,400,000 D. Php2,200,000
10. Ms. Rosal bought a car. After paying the down payment, the amount of the loan is
Php400,000 with an interest rate at 9% compounded monthly. The term of the loan is 3
years. How much is the monthly payment?
A. Php13,719.89 C. Php12,719.89
B. Php13,729.89 D. Php12,729.89
11. It is the study of the principles and methods that distinguishes between a valid and an
invalid argument.
A. Logic C. Propositions
B. Philosophy D. Fallacies
12. Is a declaration of statement that is either true or false, but not both true and false.
A. Logic C. Propositions
B. Philosophy D. Fallacies
13. It is the value of the proposition that can be either True (T) or False (F).
A. Absolute Value C. Functional Value
B. Truth Value D. Social Value
14. It is a conjunction of two conditional statements where the antecedent and consequent of
the first statement have been switched in the second statement.
A. Conjunction C. Negation
B. Disjunction D. Bi conditional
15. It is a statement that is false whenever the given statement is true, and true whenever the
given statement is false.
A. Conjunction C. Negation
B. Disjunction D. Bi conditional
16. It is used to simplify work in logic.
A. Symbol C. Representation
B. Notation D. Example
17. A compound proposition is a _______ if for all possible assignments of truth values to its
variables, the compound proposition’s truth value is F.
A. Fallacy C. Tautology
B. Contradiction D. Argument
18. It is a statement that is always true.
A. Fallacy C. Tautology
B. Contradiction D. Argument
19. An argument is ______ if the conclusion is true whenever the premises are assumed to be
true.
A. False C. Valid
B. True D. Invalid
20. A compound proposition is a _______ if for all possible assignments of truth values to its
variables the compound proposition’s truth value is T.
A. Fallacy C. Tautology
B. Contradiction D. Argument
A B
1. Conjunction a. ̴
2. Disjunction b. →
3. Negation c. ↔
4. Conditional d. ꓥ
5. Bi conditional e. ꓦ