Mother of Good Counsel Seminary

SHS Department
General Mathematics

1. Find the interest amount generated by a loan of P22, 800 for 1 year and 3 months at a rate of
4.5%.

2. What interest rate is generated if P10, 000 is the present value of P13, 800 which is due at the end
of 18 months?

3. What sum of money should a man invest for his daughter celebrating her 1 st birthday in order to
provide the child with P100, 000 at age 18 if the money earns 10% compounded quarterly?

4. To the nearest whole number, in how many months will it take P100 will accumulate to P115 if
invested at 10% compounded quarterly?

5. Mrs. Lyn Co made a loan of P 50, 000 from a bank that charges 14% interest. How much did she
pay the bank after 120 days using the exact interest method?

6. Find the final amount of P12, 500 at 8% after 120 days using ordinary interest.

7. How many months will P8, 000 accumulate to P9, 550 if the discount rate is 4.38%.

8. When a certain amount of money will triple its amount if invested at 18% compounded quarterly?

9. What is the present amount of an ordinary annuity of P1, 250 every 3 months for 10 years and 8
months if money is worth 10 1/3% compounded quarterly?

10. A man purchased a lot and agreed to pay P2, 300 a month for 15 years. If money is worth 9%
compounded monthly, what is the worth of the lot at the end of 15 years?

11. If P500 is deposited at the end of every 2 month in an account that pays 8% converted
bimonthly. How much will be in the account at the end of 5 years and 10 months?

12. To provide for Andreas’s college education, her father invested a certain amount of money at
9% compounded semiannually when she was born. If Andrea will begin to receive P40 000 on
her 18th birthday and again after every 6 months for four years, how much does her father
invested on the day she was born?

13. A man bought a brand new i phone 6, he pays P3000 as down payment and his balance by
P800 every month at 8% compounded monthly for 30 months. What is the cash value of the
phone?

14. A man purchases a house and lot and agrees to pay P200, 000 cash and P5, 000 at the end of
each month for 25 years. What is the cash value of the house and lot if money is worth 9%
compounded monthly?

15. How much must a person save every three months to accumulate P50, 000 in 5 years if money
is worth 12.5% compounded quarterly?
B. Complete the logical table involving the following statements
1. Decide whether this symbolic statement is a tautology:

(G  ~M)  (~G  M)

G : Good looking guy.

M : Math teacher.

2. Determine whether the compound statement below is tautology or fallacy. (40 pts.)

“~ [r V (p V q)] → ~p”

r : I will play ML

p : I will pass the exam

q : I will study my Lessons

p q r ~p pVq r V (p V q) ~ [r V (p V q)] ~ [r V (p V q)] → ~p