COLON NATIONAL HIGH SCHOOL

Colon, Maasim, Sarangani Province

Integrated Senior High School
SHS ID: 341635

Second Quarter Examinations (General Mathematics)

Name Grade & Section

Subject Teacher Mariel G. Villanueva Score

DIRECTION. Write the letter of the correct answer in the space provided. You are allowed to use calculator.

_____1. P 8,000 is invested at 12% single interest. _____11. The original amount of money that
What is the amount at the end of 2 years? people save or invest is known as

a. P9,600 b. P8,960 a. Interest b. Principal

c. P8,240 d. P9,920 c. Compound interest d. Seed money

_____2. At what rate of interest should P2, 400 be _____12. The amount an investment will be worth
invested so that it will earn P880 in 8 after one or more periods of time is called
months?
a. future value b. present value
a. 6 ½% b. 5 ½% c. principal value d. discounted value
c. 5% d. 6%
_____13. When the term is 3 years and 6
_____3. How much would be paid on a bank months and money is compounded
loan of P30, 000 a year at 12% annual semi – annually, the total number of
interest? conversion periods is

a. P3, 240 b. P33,600 a. 3 b. 7

c. P2, 800 d. P3, 600 c. 9 d. 18

_____4. How long will an amount of money double _____14. When money is compounded monthly,
at a simple interest rate of 2%? the frequency of conversion is

a. 20 years b. 30 years a. 2 b. 4
c. 40 years d. 50 years c. 6 d. 12

_____5. At what simple interest rate will an _____15. When the total number of conversion
amount of money double itself in 10 years? periods is 12 and the term is 6 years, then
the money is compounded
a. 5% b. 10%
c. 15% d. 20% a. annually b. semi – annually
c. quarterly d. monthly
For items 6 to 10, refer to the choices below.
_____16. Annie deposited P 100,000 in a bank that
a. Time money is borrowed. pays 12% compounded interest annually.
How much money she will have after 3
b. Percentage of increase of investment years?

c. Amount of money borrowed or invested a. P 140,492.00 b. P100,404.00

c. P 68,147.00 d. P 60,000.00
d. Amount added by the lender, to be
received on repayment date _____17. Thirty years ago, your father invested
11,000. Today, that investment is worth
e. Amount received on repayment date. 287, 047. What is the average annual
rate of return of your father earned on his
_____6. Principal interest?

_____7. Term a. 11.14% b. 11.27%

c. 11.387% d. 11.49%
_____8. Interest

_____9. Maturity value

_____10. Interest rate

_____18. Gloria deposited P6000 at 8% c. Depositing P1,000 monthly in a fund that
compounded annually interest for 4 years. pays 6% compounded quarterly.
What is total amount?
d. Monthly payments of P2,000 for 5 years
a. P2, 162. 93 b. P7, 558.27 with interest rate of 12% compounded
c. P1, 558.27 d. P8, 162.93 monthly

_____19. How long would it take for P 5000 ______27. An annuity where the length of the
invested at 5% compounded annually payment interval is the same as the length
to double in value? of the interest compounding period

a. 5 years b. 7 years a. general annuity b. ordinary annuity

c. 10 years d. 14 years c. deferred annuity d. general ordinary

_____20. What present value, compounded ______28. Muaz will need P 130, 000 in 4 years to
quarterly at 6%, will become P 59, 780.91 in buy a piece of property. He plan to save
3 years? money by making equal quarterly deposits
into an account earning 6.1% compounded
a. 49,780.91 b. 50,780.19 quarterly. What is Muaz’s quarterly
c. 49,984.04 d. 50,000.76 deposit?

For items 21 to 25, refer to the choices below. a. P 7, 235.51 b. P 9, 218.01

c. P 871.18 d. P 1, 110.69
a. a sequence of payments made at
equal (fixed) intervals or periods of _____27. What is the future value of $2,400 a year
time for three years at an 8 percent rate of
interest?
b. time between the first payment interval
and last payment interval a. $6,185.03 b. $6,847.26
c. $7,134.16 d. $7,791.36
c. the amount of each payment
_____28. You would like to have $1,000 one year
d. sum of future values of all the payments (365 days) from now and you find that the
to be made during the entire term of the bank is paying 7% compounded daily. How
annuity much will you have to deposit with the bank
today to be able to have the $1,000?
e. sum of future values of all the payments
to be made during the entire term of the a. $ 934.58 b. $ 933.51
annuity c. $ 932.40 d. $ 934.50

_____21. Annuity _____29. A young couple buys their dream house.

After paying their down payment and
_____22. Term closing costs, the couple has borrowed
$400,000 from the bank. The terms of the
_____23. Regular Payment mortgage are 30 years of monthly payments
of 6% with monthly compounding. What
_____24. Future Value is the monthly payment for the
couple?
_____25. Present Value
a. $2,398.20 b. $2,421.63
_____26. Which of the following illustrates ordinary c. $2,697.98 d. $2,700.00
annuity?
_____30. Uncle Fester puts $50,000 into a bank
a. Monthly installment payment of a car, lot, account earning 6%. You can't withdraw the money
or house with an interest rate that is until the balance has doubled. How long will you
compounded annually have to leave the money in the account?

b. Paying a debt semi-annually when the a. 9 years b. 10 years

interest is compounded monthly c. 11 years d. 12 years

End of the Test

Good Luck and God Bless

“The best way to predict the future is to invent it”

Prepared by

MARIEL G. VILLANUEVA
Subject Teacher