UNIVERSITY OF MINDANAO

OBD-MMW 3RD EXAM

NOTE: HAND WRITTEN solutions/answers is a must.

I.) Essay Writing: (10 points each)

1. What is the application of geometry in real life?

2. What is the importance of geometric shapes?

II.) Show your solutions completely.

1. Find the interest paid by Mary Ann De Leon on P24,000 that she borrowed for 4
years at 8% simple interest.

2. Find the principal if the interest earned is P1,800, the rate of interest is 9% and the
term is 4 years.

3. Caren Rodriguez borrows P1,500 with simple interest at 3% per month. What
payment at the end of 10 months could settle her obligations?

4. If P 2,000 is invested at an interest rate at 8% compounded annually for 3 years, find

the compound interest.

5. Find the compound amount if P5,000 is invested at 10% compounded semi-annually

for 2 years.

6. Find the accumulated value of P3,000 in 4 years if it is invested at 12% compounded

quarterly.

***end***

ADG