GENERAL MATHEMATICS

FINAL EXAM

Name:_____________________________________ Track/Strand/Section:________ Date:_________

TEST 1

PROBLEM SOLVING: Read carefully and answer the following by writing the answer below the
problem, (please show your solution) 5pts each.

1. How much should you invest at 6% annual interest rate to obtain a simple interest of
₱72,000 in 3 years?

2. How long will an amount of ₱50,000 gain a simple interest of ₱10,000 at 4% per year?

3. Peter borrowed ₱100,000 at 8% compounded annually? How much will he be paying

after 2 years?

4. A time deposit account in a bank yields 5.5% compound interest annually. Jennifer
invested ₱450,000 for 4 years in this savings account. How much interest will she gain?
TEST 2

COMPLETING THE TABLE: Answer the following by finding the unknown. (Please show your solution)

PRINCIPAL INTEREST RATE NUMBER OF PERIODS INTEREST

2,000 5% 3 (A)
(B) 12% 5 20,000
88,000 (C) 4 8,000
500,000 9.5% (D) 285,000

COMPOUND MATURITY
PRINCIPAL INTEREST RATE TIME
INTEREST VALUE
6,000 8% 12 (a) (b)
12,000 5.5% 6 (c) (d)
(e) 1% 6 (f) 25,000