Colegio de San Lorenzo

Sta. Rita, Macabebe, Pampanga

General Mathematics

Name: _______________________________________ Date: ________________

Section: ______________________________________ Score: _______________

Direction: Encircle the letter of the correct answer.

1. Dindi invested ₱100,000.00 at 10% simple interest for 5 years. How much interest will be earned?
Show your solution in a separate paper.
A. ₱25,000.00
B. ₱50,000.00
C. ₱75,000.00
D. ₱100,000.00
2. Mr Gonzales is about to make a ₱1,000,000.00 loan. Bank A offers a loan with a simple interest of 9%
and Bank B offers a loan with 7.5% interest compounded semi-annually. Which of the following
statements is true? Show your solution in a separate paper.
A. Interest in Bank A > Interest in Bank B
B. Interest in Bank B > Interest in Bank A
C. Interest in Bank A = Interest in Bank B
D. Cannot be determined
3. Kenneth borrowed ₱50,000.00 from his uncle. If Kenneth agreed to pay at 8% annual interest rate,
calculate the amount of interest he must pay if the loan period is one year. Show your solution in a
separate paper.
A. ₱4,000.00
B. ₱6,000.00
C. ₱8,000.00
D. ₱10,000.00
4. Jay borrows ₱18,000.00 from his friend and agrees to pay him ₱20,700.00 in 2 years and 6 months.
What simple interest rate was he paying? Show your solution in a separate paper.
A. 6%
B. 7%
C. 8%
D. 9%
For items 5-6, refer to the situation below.
Suppose that an amount of ₱50,000.00 is deposited in an account with 2.5% interest rate
compounded semi-annually. Show your solution in a separate paper.
5. Which of the following models the value of the deposited amount in any year?

(
A. 50,000 1+ )
0.025 2 (x)
2

(
B. 50,000 1+ )
0.25 2 (x)
2
C. 50,000 ( 1+ 0.025 )2(x )
D. 50,000 ( 1+ 0.25 )2( x)
6. What will be the amount of money after 3 years?
A. ₱53,750.00
B. ₱53,869.16
C. ₱53,969.15
D. ₱53,986.61
7. What amount must be invested in order to have ₱135,000.00 after 5 years if money is worth 8% semi-
annually? Show your solution in a separate paper.
A. ₱54,234.13
B. ₱91,201.16
C. ₱111,102.43
D. ₱189,211.32
8. An annuity where the payment interval is the same as the interest period.
A. Contingent Annuity
B. General Annuity
C. Ordinary Annuity
D. Simple Annuity
9. If you pay ₱100.00 at the end of each month for 30 years on account that pays interest at 10%
compounded monthly, how much money do you have after 30 years? Show your solution in a separate
paper.
A. ₱226,048.80
B. ₱236,048.80
C. ₱246,048.80
D. ₱256,048.80
10. Ruben received two offers for investment. Investment in Company A offers ₱180,000.00 every year
for 5 years at 8% compounded annually. Investment in Company B offers ₱15,000.00 per month for 5
years with the same interest rate. Which fair market value between these offers is preferable? Show your
solution in a separate paper.
A. Company A
B. Company B
C. Company X
D. Company Y
11. What is the period of deferred for a monthly payment of ₱75,000.00 for 4 years that will start 8
months from now? Show your solution in a separate paper.
A. 6 periods or 6 months
B. 7 periods or 7 months
C. 8 periods or 8 months
D. 9 periods or 9 months
12. A land developer declared a dividend of ₱45,000,000.00 for its common stocks. Suppose there are
900,000 share of common stocks, how much is the dividend per share? Show your solution in a separate
paper.
A. 40
B. 45
C. 50
D. 55
13. Which of the following is a characteristic of stocks?
A. A form of deft financing or raising money by borrowing from investors.
B. Investors are guaranteed interest payments and a return of their money at the maturity date.
C. A form of equity financing or raising money by allowing investors to be part owners of the
company.
 D. It can be appropriate for retirees (because of the guaranteed fixed income) or for those who
need the money soon.
14. Find the amount of the semi-annual coupons for a ₱320,000.00 bond which pays 9% convertible
semi-annually for its coupons. Show your solution in a separate paper.
A. ₱14,400.00
B. ₱14,800.00
C. ₱15,200.00
D. ₱15,600.00
15. It is a form of efficient market theory asserts that all information (public and private) are incorporated
in the price.
A. Semi-strong
B. Strong
C. Very strong
D. Weak
16. It is a method of paying a loan (principal and interest) on installment basis usually of equal amounts at
regular interval.
A. Amortization
B. Chattel Mortgage
C. Collateral
D. Mortgage
17. A loan of ₱350,000.00 is to be repaid in full after 3 years. If the interest rate is 7.5% per annum, how
much should be paid after 3 years? Show your solution in a separate paper.
A. ₱243,652.73
B. ₱374,986.35
C. ₱434,803.91
D. ₱556,497.67
18. If a car loan of ₱899,000.00 requires a 20% down payment. How much is the mortgage? Show your
solution in a separate paper.
A. ₱179,800.00
B. ₱359,600.00
C. ₱539,400.00
D. ₱719,200.00
19. How much should one pay annually to amortize a loan worth 2,500,000. At an interest rate of 2%
compounded annually for years?

20. Prepare an amortization schedule/table for loan in number 19.