Republic of the Philippines

Department of Education
EASTERN VISAYAS REGION (VIII)
DIVISION OF NORTHERN SAMAR
PAMBUJAN II DISTRICT
SAN ROQUE-PAMBUJAN VOCATIONAL HIGH SCHOOL
Final Examination
School Year 2022-2023

General Mathematics
I. Match the terminologies with its corresponding definition. Write the letter of the correct answer
before the number. NO ERASURES ALLOWED

A. Lender or Creditor G. Simple Interest

B. Maturity or Future Value H. Compound Interest
C. Ordinary Annuity I. General Annuity
D. Borrower or Debtor J. Annuity Due
E. Principal K. Simple Annuity
F. Interest

______1. Refers to the fee or payment for the use of money.

______2. The entity or individual who lends money
______3. The one who borrows money.
______4. Usually used for short borrowings such as those obtained for less than one year
______5. A type of annuity in which the payments are made at the beginning of each payment interval.
______6. Interest is computed on the principal and on the accumulated past interest.
______7. An annuity where the payment interval is not the same as the interest period.
______8. A type of annuity in which the payments are made at the end of each payment interval.
______9. An annuity where the payment interval is the same as the interest period.
______10. Refers to the amount borrowed, deposited, or invested.

II. Solve the following problems. Provide a separate sheet for your solution. (SHOW YOUR
SOLUTION)

A. Simple Interest.
Formula: I = PRT
11-15. What are the amounts of interest and maturity value of a loan for P 35,000 at 12% simple interest
for 5 years?

16-20. How much money will you have after 5 years if you deposited P 15,000 in a bank that pays 2%
simple interest?

B. Compounded Interest

( ) ( )
mt −nt
r r
 Formula: F=P 1+ P=F 1+ I = F- P
m m
 21-25. Mr. Rosales invested P 200,000 at 12% compounded annually. He plans to get this amount after
6 years for his son’s college education. How much will he get?

26-30. What is the interest of P 30,000 if invested at 5% compounded annually in 4 years and 6
months?

C. Simple Annuity

31-35. The buyer of a house and lot pays P 200,000 cash and P 10,000 every month for 20 years. If
money is 9% compounded monthly, how much is the cash price of the lot?

36-40. Payment every six months for the present value of P 100,000 for 2 years with an interest rate of
12% compounded semi-annually.

D. General Annuity

41-50. Teacher Kaye is saving P 3,000 every month by depositing it in a bank that gives an interest of
2% compounded quarterly. How much will she save in 6 years? 10pts

Prepared By: Checked By: Approved by.

JUDE B. TAN NESTOR S. CUBAY DARIO D. SURIO JR.

Subject Teacher SHS Coordinator Principal II