Republic of the Philippines

DEPARTMENT OF EDUCATION
Region VIII (Eastern Visayas)
Division of Leyte
Tabango National High- School Senior High School
St. Peter Drive, Tabango, Leyte

Second Periodical Examination in General Mathematics

TEST I.
Multiple Choice. Choose the letter of the best answer. Write the chosen letter on a
separate sheet of paper.
1. Which interest is computed on the principal and then added to it?
a. simple c. annuity due
b. compound d. ordinary annuity
2. The simple interest formula is I = Prt. What does the t represent?
a. principle c. interest
b. time d. percent rate
3. All of the following are used to find simple interest, EXCEPT?
a. principal c. time
b. rate of interest d. future value
4. It is the amount after t years that the lender will receive from the borrower.
a. future Value c. interest
b. present Value d. principal
5. Which of the following describes rate (r)?
a. It is the amount of money borrowed or invested on the origin date.
b. It is the amount paid or earned for the use of money.
c. It is charged by the lender, or rate of increase of the investment
d. It is computed on the principal and also on the accumulated past interests.
6. Rate of interest must be converted into ________ before substituting to the formula of finding the
interest.
a. fractions c. mixed numbers
b. decimals d. percentage
7. The principal in the formula I = Prt is ___________________.
a. the amount of money borrowed or deposited
b. the percent interest for his year
c. the amount taxed
d. the amount the bank owes you for being a customer at their bank
8. The interest from the previous year also earns interest, which of the following describes the statement?
a. simple c. rate
b. compound d. time
9. Variable P in simple interest formula when you are the creditor stands for?
a. Original Amount borrowed c. Maturity Amount Borrowed
b. Original Amount invested d. Maturity Amount invested
10. The following statements are true EXCEPT ________.
a. The amount invested to a compounded interest yields to greater maturity value than to a simple
interest.
b. The amount borrowed from a simple interest yields to a smaller maturity value than a compound
interest
c. The simple interest yields interest only from initial principal amount.
d. The interest in a compound account yields interest only from initial principal amount.
11. Compound interest is favorable to the following except?
a. investor of a retirement fund c. investor of stocks
b. person who saves in bank d. borrower of a loan

12. Which of the following will yield a higher interest?

a. Investing in a bank that offers a simple interest rate of 10% annually for 2 years
b. Investing in a cooperative that offers an interest rate of 10% compounding annually for 2 years
c. Saving money in a piggy bank for 2 years
d. Both a and b
13. What formula can be used to find maturity (future) value of a compound interest?
a. F = P + I c. Both a and b
b. F = (1 + r)t d. None of the choices.
14. What interest is computed on the principal and also on the accumulated past interests?
a. simple c. annuity due
b. compound d. ordinary Annuity
15. Why most banks use compound interest than simple interest?
a. Simple interest yields more wealth than compound interest.
b. Simple interest has easy formula to use with.
c. Compound interest yields more wealth than simple interest.
d. Compound interest is fun.
16. When invested at an annual interest rate of 11%, the amount earned P11,200 of simple interest in
two years. How much money was originally invested?
a.Php 40,909.09 c. Php 60,909.09
b.Php 50,909.09 d. Php 70,909.09
17. If an entrepreneur applies for a loan amounting to P500,000 in a bank, the simple interest of which
is P 157,500 for 3 years, what interest rate is being charged?
a. 8.5% c. 10.5%
b. 9.5% d. 11.5%
18. Amparo invested a certain amount at 10% simple interest per year. After 2 years, the interest she
received amounted to P3,000. How much did she invest?
a. Php 14,000 c. Php 16,000
b. Php 15,000 d. Php 17,000
19.At what interest rate compounded annually should an amount of P 150,000 that earn P15,750 after
2 years?
a. 2% c. 4%
b. 3% d. 5%
20. Jen invested an amount of P 400,000 at 5% compounded quarterly. How long should she let the
investment stay if she wants to earn P 50,000?
a. 2.17 y c. 2.37 y
b. 2. 27 y d. 2.47 y

TEST II
Problem Solving: Solve the following problem below. Provide a separate sheet for your solution.

21 - 24. What is the amount of interest of a loan for P35,000 at 10% simple interest for 7 years?
25 - 28. How long will a principal earn an interest equal to half of it at 5% simple interest?
29 - 32. How much money will you have after 6 years if you deposited P 15,000 in a bank that pays
1.5% simple interest?
33 - 36. How long will 5 million pesos earn a simple interest of 100,000 at 2% per annum?
37 - 40. In order to have P350,000 in 5 years, how much should you invest if the compound interest is
12% per annum?