Department of Education

Region V
Division of Camarines Sur
GOA NATIONAL HIGH SCHOOL
Goa, Camarines Sur

GRADE 11 - GENERAL MATHEMATICS - FIRST SEMESTER-SECOND QUARTER

2ND SUMMATIVE TEST

NAME: ________________________________________________________________
GRADE-STRAND/SECTION _____________________________________________
NAME OF TEACHER: _____________________________________________
PARENT'S SIGNATURE: _____________________________________________
DATE: _____________________________________________

Identify what is asked in every question then write the letter of the correct answer on the
space provided before the number. USE CAPITAL LETTERS ONLY

_______ 1. A sequence of equal payments (or deposits) made at a regular interval of time.
a. annuity b. bond c. stocks
_______ 2. An annuity where the payment interval is the same as the interest period.
a. simple annuity b. general annuity d. ordinary annuity
_______ 3. An annuity where the payment interval is not the same as the interest period.
a. simple annuity b. general annuity d. ordinary annuity
_______ 4. The sum of present value of all the payments to be made during the entire term
of the annuity.
a. Present Value of an Annuity c. Regular or Periodic Payment
b. Amount(Furture Value) of an Annuity
_______ 5. The amount of each payment.
a. Present Value of an Annuity c. Regular or Periodic Payment
b. Amount(Furture Value) of an Annuity
_______ 6. The sum of future value of alll the payments to be made during the entire term
of the annuity.
a. Present Value of an Annuity c. Regular or Periodic Payment
b. Amount(Furture Value) of an Annuity
_______ 7. A type of annuity in which the payments are made at the end of each payment
interval.
a. simple annuity b. ordinary annuity c. annuity certain
_______ 8. An annuity in which payments begin and end at definite times.
a. simple annuity b. ordinary annuity c. annuity certain
_______ 9. Suppose Mrs. Parrera would like to deposit P 3 000.00 every month in a fund
that gives 9 % compounded monthly. How much is the amount of future value of
her savings after 6 months.
a. P 3 000.00 b. P 18 340.89 c. P 18 000.00
_______ 10. A certain fund is to be established today in order to pay for the P 5 000.00 worth
of monthly rent for a commercial space. If the payments for rent will start next
year and the fund must be sufficient to pay for the monthly rental for 2 years, how
much must be deposited at 2.5% interest compounded monthly?
a. P 114 046.58 b. P 116 930.64 c. P 115 098.54
_______ 11. It is a share in the ownership of a company.
a. stocks b. bond c. dividend
_______ 12. The share in the company's profit.
a. stocks b. bond c. dividend
_______ 13. The current price of a stock at which it can be sold.
a. dividend per share b. stock market c. market value
_______ 14. The current price of a stock at which it can be sold.
a. dividend per share b. stock market c. market value
_______ 15. The ratio of the annual dividend per share and the market value per share
It is also called as current stock yield.
a. stocks b. stock yield ratio c. market value
_______ 16. A certain financial institution declared a P 30 000 000 dividend for the common
stocks. If there are a total of 700 000 shares of common stocks, how much is the
dividend per share?
a. P 42.86 b. P 42 c. P 50
_______ 17. An interest-bearing security which promises to pay stated amount of money
on the maturity date, and regular interest payments called coupons.
a. bond b. stocks c. coupon
_______ 18. The rate per coupon payment period.
a. coupon rate b. coupon c. bond
_______ 19. The price of the bond at purchase time.
a. coupon rate b. price of a bind c. bond
_______ 20. Determine the amount of the semi-annual coupon for a bond with a face value
of P 300 000.00 that pays 10 % payable semi-annual for its coupon.
a. P 30 000.00 b. P 15 000.00 c. P 100 000.00
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