Region X

Division of Bukidnon
Kuya National High School
School ID: 303965
Kuya Maramag, Bukidnon

Summative Test
General Mathematics
Name:_______________________________________Grade & Section:___________________
I. MULTIPLE CHOICE. Choose the letter of the correct answer and write your answer
on the space provided.
_____1. What do you call the cost of borrowing money, where the borrower pays a fee to the lender for
using the latter’s money?
A. Interest C. Amount
B. Lending D. Investment
_____2. Which of the following are the two types of interest?
A. Principal and interest C. Simple and compound
B. Simple and complex D. Principal and compound
_____3. Which of the following is a good example of simple interest loans?
A. Debit Cards C. Bank Accounts
B. Auto loans D. bank loans
_____4. What is the relationship between Simple and Compound Interest?
A. Simple Interest is based on the principal amount of a loan or deposit, while Compound interest is
based on the total amount and the interest that accumulates on it in every period
B. Simple Interest is based on the income amount of a loan or deposit, while Compound interest is
based on the principal amount and the interest that accumulates on it in every period
C. Simple Interest is based on the total amount of a loan or deposit, while Compound interest is based
on the principal amount and the interest that accumulates on it in every period
D. Simple Interest is based on the principal amount of a loan or deposit, while Compound interest is
based on the principal amount and the interest that accumulates on it in every period
_____5. A bank offers 5% compound interest calculated on half – yearly basis. A customer deposits 1,
600 each on 1st January and 1st of July of a Year. At the end of the year, what is the amount he would
have gained by way of interest?
A. 120 B. 121 C. 122 D. 123

_____6. There is 60% increase in an amount in 6 years at simple interest. What will be the
compound interest of 12, 000 after 3 years at the same rate?
A. 2160 B. 3120 C. 3972 D. 6240
_____7. In real life situations, what is often a factor in business transactions , investments, and
financial products intended to extend for multiple periods or years?
A. Simple Interest C. Multiple Interest
B. Compound Interest D. Primary Interest
_____8. What is the sum of the difference between simple and compound interests compounded
annually on a certain sum of money for 2 years at 4% per annum is 1?
A. 625 B. 630 C. 640 D. 650
_____9. If you deposit 4000 into an account paying 6% annual interest compounded quarterly,
how much money will be in the account after 5 years?
A. 5387 B. 5378 C. 5388 D. 5390
_____10. If you deposit 6500 into an account paying 8% annual interest compounded quarterly,
how much money will be in the account after 7 years?
A. 11358 B. 11385 C. 12589 D. 12678
_____11. What is the formula of silving simple interest?
A. SI = 2P * r * t C. SI = 2P * r * 2t
B. SI = P * 2r * t D. SI = P * r * t
_____12. What type of interest if it is calculated once a year?
A. Simple interest C. Complex Interest
B. Compound interest D. Principal Interest
 _____13. If you deposit 8000 into an account paying 7% annual interest compounded quarterly,
how long until there is 12, 400 in the account?
A. 6.2 years C. 6.4 years
B. 6.3 years D. 6.5 years
_____14. What are essentially series of fixed payments required from you, or paid to you, at a
specified frequency over the course of a fixed time period?
A. interest C. annuities
B. investments D. payments
_____15. Which of the following BEST describes the difference between ordinary annuity and
annuity due?
A. Ordinary annuity, payments are required at the end of each period, while annuity due,
payments are NOT required at the beginning of each period.
B. Ordinary annuity, payments NOT are required at the end of each period, while annuity
due, payments are required at the beginning of each period.
C. Ordinary annuity, payments are required at the end of each period, while annuity due,
payments are required at the beginning of each period.
D. Ordinary annuity, payments are NOT required at the end of each period, while annuity
due, payments are NOT required at the beginning of each period.
_____16. A four – year lease agreement requires payments of 10, 000 at the beginning of every year. If
the interest rate is 6% compounded monthly, what is the cash value of the lease?
A. 36, 647.36 C. 37, 647.36
B. 36, 647.63 D. 37, 647.63
_____17. Which of the following are the two types of annuities?
A. Simple and Compound C. Simple and General
B. Simple and Complex D. Compound and Complex
_____18. Find the Future Value at the end of the last payment period. Payments of 1000 each are
made at the beginning of each year for 3 years with interest at 5% compounded annually.
A. 3,310.31 C. 3,130.13
B. 3,310.13 D. 3,130.31
_____19. What deposit made at the beginning of each month will accumulate to 120,000 at 8%
compounded semi – annually at the end of 10 years?
A. 656.40 B. 656.41 C. 656.42 D. 656.43
_____20. Which of the following are annuities where payments are made at the beginning of
each period and the compounding period is equal to the payment period?
A. Simple annuities Due C. Initial Annuities Due
B. General annuities Due D. Complex Annuities Due
_____21. Which of the following are annuities where payments are made at the beginning of
each period and the compounding period is NOT equal to the payment period?
A. Simple annuities Due C. Initial Annuities Due
B. General annuities Due D. Complex Annuities Due
_____22. Which of the following does NOT belong to the keywords to look for annuities due?
A. Payments made in advance C. Bank loans
B. Payments starting today D. Due at the beginning
 _____23. Laura wants to accumulate 150,000 in her bank account by depositing 1,000 at the
beginning of each month. If interest on the account is 5% compounded quarterly, for how long
does Laura have to deposit the money?
A. 9.4 years C. 9.6 years
B. 9.5 years D. 9.7 years
_____24. Aaron’s mother saved 5, 000 at the end of every 6 months in an education plan that
earns 6% per year compounded semi – annually. What is the amount at the end of 18 years?
A. 316, 369.72 C. 316, 389.72
B. 316, 379.72 D. 316, 399.72
_____25. Find the present value of an annuity due of 10,000 payable quarterly for 10 years if
money is worth 6% compounded semi – annually.
A. 301, 227. 87 C. 303, 227. 87
B. 302, 227. 87 D. 304, 227. 87

_____26. Which of the following is an arrangement in which a lender gives money to a borrower in
exchange for the future repayment of the principal along with interest of other finance charges?
A. Loan C. Borrowing
B. Investment D. Commission
_____27. Liza received a commission of 11, 000 on a sale of 200,000. What was her rate of
commission?
A. 5.2% B. 5.3% C. 5.4% D. 5.5%

_____28. What do you call the term that refers a payment to an agent or sales person based on
the value or quantity of goods bought and sold; broker’s or brokerage fee?
A. Loan C. Borrowing
B. Investment D. Commission
_____29. Martin received a 6% commission on all items he sales. If his last week’s commission
was 7, 500, what was his total sales?
A. 125 000 B. 130 000 C. 135 000 D. 140 000
_____30. What is the interest charged on a simple interest loan of 68 000 at 12.5 % rate for 320
days?
A. 7 452.05 C. 9 453.05
B. 8 452.05 D. 10 453.05
_____31. How did companies decide to raise money by selling stocks?
A. Go to a big investment company C. Go to a small investment company
B. Go to a big investment bank D. Go to a small investment bank
_____32. Which of the following does NOT belong to the group?
A. Par value C. Simple loans
B. Market price D. Common Stock
_____33. Stockholders: stock certificate; common Stock: ____________
A. Livestock C. Preferred stock
B. Junk stock D. Shared stock
_____34. Rowena bought 100 shares of Paper Mill stock at 150 per share. The broker
charged her 750 commission. What is the total cost of the stock?
A. 15 750 B. 16 750 C. 17 750 D. 18 750
_____35. Ramon owns 75 shares of D & E common stock, par value 400.00. if the corporation
declares a 7.25% dividend, what is the total dividend that Ramon should get?
A. 2 172 B. 2 173 C. 2 174 D. 2 175
_____36. What is the yearly income Mr. Reyes will receive from an investment in 1 000
shares of ABC stock if a dividend of 14.80 per share is paid quarterly?
A. 59 200 C. 59 400
B. 59 300 D. 59 500
_____37. If you bought 500 shares of East West Banking Corp. stock at 52 – WEEK LOW,
23.55 per share, and sold at the 52 – WEEK HIGH, 31.60 per share. How much did you male on
this transaction (ignoring dividends)?
A. 4 025 C. 4 027
B. 4 026 D. 4 028
_____38. IfA.you315bought 500 shares of B.East
316West Banking Corp. C. stock
317 at 52 – WEEK LOW,D. 31823.55 per
share, andWhich
_____39. sold atof
thethe
52following
– WEEK isHIGH,
NOT true
31.60about
per share.
business
What
andisconsumer
the broker’s
loans?
commission if the broker
charges 2%A. of the
Ratetotal
of income
sale price. C. Profit distributed
B. Fee charged D. Goal oriented
_____40. What is the future value of 145 000 invested at a 9.5% interest rate for 1 year and 9
months?
A. 169 105.25 C. 169 107.25
B. 169 106.25 D. 169 108.25
_____41. Which of the following are the two types of propositions?
A. Simple and complex propositions
B. Specific and general propositions
C. Simple and Compound Propositions
D. Simple and General Propositions
_____42. Which of the following is NOT an example of proposition?
A. The number 4 is even and less than 12
B. Malolos is the Capital of Bulacan
C. Numbers 1 and are odd numbers
D. Open your eyes
_____43. Which of the following is an example of proposition?
A. How old are you? C. Do your best
B. Believe in yourself D. Cake is delicious!
_____44. Which among the following is the negation of the statement “Herbert is Good”?
A. “Herbert is not Good” C. “ Not good”
B. “It’s not good for Herbert” D. “Herbert is Bad”
_____45. A soft drink dispenser can be adjusted to deliver any fixed number of ounces of soft
drink. If the machine is operating with a standard deviation in delivery equal to 0.3 ounces,
what should be the mean setting so that a 12-ounce cup will overflow less then 1% of the time?
Assume a normal distribution for ounces delivered.
A. 11.23 ounces B. 11.30 ounces C. 11.70 ounces D. 12.70 ounces
_____45. Give the negation statement of “Her aunt’s name is Lucia”.
A. “Her aunt’s name is Lucia”
B. “Her aunt’s name is probably Lucia”
C. “Her aunt’s name is not Lucia”
D. “Her aunt’s name is probably not Lucia”
_____46. Which of the following is NOT belong in constructing truth tables?
A. Determine if the final result is a conjunction, disjunction or negation
B. Recall dominant connectives and the use of parentheses
C. Complete the columns under the simple statements
D. Number the rows in order
_____47. Which among the following is the Truth Table for the Conjunction P and Q (P ^ Q)?
A. D.
P Q P^Q
T T T
T F T
F T F
F F F
B.
P Q P^Q
T T T
T F F
F T T
F F F
C.
P Q P^Q
T T T
T F T
F T T
F F F
 P Q P^Q
T T T
T F F
F T F
F F F

_____48. Conjunction:”and” ; Disjunction: _________

A. Not C. Or
B. If...then D. If and only if
_____49. Which of the following is the Truth Table for a simple Proposition’s Negation?
A.
P -P
T T
F T
B.
P -P
T F
F F
C.
P -P
T F
F T
D.
 P -P
T FF
F TT

_____50. Which of the following is the Trith Table for the Exclusive Disjunction P or Q?
A.
P Q P or Q
T T T
T F T
F T T
F F F
B.
P Q P or Q
T T F
T F F
F T T
F F F

C.
P Q P or Q
T T F
T F T
F T T
F F F
D.
P Q P or Q
T T F
T F T
F T F
F F F
“Trust in the Lord with all your heart and lean NOT on your own understanding” – Proverbs 3:5

_____________________________________End of Exam______________________________

Prepared by:

MARISSA C. APLISE
Special Science Teacher I

Checked by:

VILMA M. BUSTOS, PhD

School Head

Multiple Choice Key

1. A
2. C
3. B
4. D
5. B
6. C
7. B
8. A
9. A
10. A
11. D
12. A
13. B
14. C
15. B
16. A
17. C
18. B
19. A
20. A
21. B
22. C
23. D
24. B
25. D
26. A
27. D
28. D
29. A
30. A
31. B
32. C
33. C
34. A
35. D
36. A
37. A
38. B
39. D
40. B
41. C
42. D
43. D
44. A
45. C
46. D
47. D
48. C
49. C
50. C