Second Periodic Test

General Mathematics
(Test Booklet)
Grade 11

Prepared by:

EDELMAR G. BENOSA
Teacher II
 Second Periodic Test
Directions: Read carefully the given questions and shade the correct answer on the given
answer sheet. Do not write in this questionnaire.
1. Which of the following is the amount of money charged for borrowing or using money?
a. Compound Interest c. Principal
b. Interest d. Simple Interest
2. Which of the following is the amount of money borrowed or invested?
a. Compound Interest c. Principal
b. Interest d. Simple Interest
3. Which of the following is TRUE about simple interest?
a. It doubled your investment for a certain time.
b. Interest is accountable for multiple periods of interest payment or charge.
c. It is for long term investment.
d. Applies only to the principal amount.
4. Which of the following is NOT true about compounding interest?
a. Interest calculated on the initial principal, which also includes all of the
accumulated interest from previous periods.
b. Interest can be compounded on any given frequency schedule, from continuous
to daily to annually.
c. Compounding multiplies money at an accelerated rate.
d. It is for short term investment.
5. Which of the following statements is under the simple interest?
a. Mr. Cruz invested an amount of P 20 000 at 12% compounded annually for 3
years.
b. Ms. Sanchez borrowed an amount of P 100 000 at 10% compounded quarterly
for 5 years.
c. Mrs. Dela Cruz invested P 500 000 at simple interest rate of 7.5% for 10 years.
d. None of the above.
6. Mr. Asuncion wanted to borrow money in a bank with an amount of P 1 000 000 to
start his own business. Which of the following offers must Mr. Asuncion avail?
a. For 10 years at simple interest of 5%.
b. For 10 years at 10% compounded annually.
c. For 15 years at 5% compounded quarterly
d. For 20 years at simple interest of 3.5%.
7. Which of the following is the formula of simple interest?
a. I = Prt c. I = P/rt
b. I = t/Pr d. I = r/Pt
8. Which of the following is the formula of compound interest?
r n(t) i n(t)
a. A = P (1 + n) c. A = P (1 + t)
r n(t) t n(t)
b. A = I (1 + n) d. A = P (1 + n)
For 9 - 11. A man borrowed Php 25 000.00 for 2 years and 3 months at 8% simple
interest.
9. What is the principal on the given problem?
a. Php 25 000.00 c. Php 8 000.00
b. Php 29 450.00 d. Php 4 500.00
 Second Periodic Test
10. What is the simple interest on the given problem?
a. Php 25 000.00 c. Php 8 000.00
b. Php 29 450.00 d. Php 4 500.00
11. How much will be the man needed to return after 2 years and 3 months?
a. Php 25 000.00 c. Php 8 000.00
b. Php 29 450.00 d. Php 4 500.00
For 12 - 14. Hans Spa borrowed Php 35 000.00 from a bank at simple interest to be paid in
2 years. The interest paid was Php 6 650.00.
12. What is the unknown on the given problem?
a. Interest c. Principal
b. Rate of Interest d. Time
13. Which of the following formulas should the given problem to be used?
I t
a. r = P×t c. r = P×I
P I×t
b. r = I×t d. r = P
14. What is the rate of interest of the given problem?
a. 6.5% c. 8.5%
b. 7.5% d. 9.5%
For 15 - 16. Mr Cruz had earned an interest of Php 240.00 after 4 years at simple interest.
If the interest rate is 6%, find the amount of loan.
15. What will be the formula in finding the amount of loan on the given problem?
𝑟𝑡 𝐼
a. 𝑃 = 𝐼 c. 𝑃 = 𝑟𝑡
𝑡 𝐼𝑡
b. 𝑃 = 𝐼𝑟 d. 𝑃 = 𝑟
16. How much will be the loan of Mr. Cruz?
a. Php 970.00 c. Php 990.00
b. Php 980.00 d. Php 1 000.00
For 17 – 20. Mr. Salapi wanted to start an investment at Php 50 000.00 for a period of 10
years that earns an interest of 6% compounded monthly.
17. What will be the compounding period of the given problem?
a. 1 c. 4
b. 2 d. 12
18. Which of the following will be the correct interest rate of the given problem?
a. 1.06 c. 1.005
b. 0.06 d. 0.005
19. What is the future value of the investment of the given problem?
a. Php 90 969.84 c. Php 92 969.84
b. Php 91 969.84 d. Php 93 969.84
20. How much will be the interest earned after 10 years?
a. Php 40 969.84 c. Php 42 969.84
b. Php 41 969.84 d. Php 43 969.84
For 21 – 22. A student acquired a laptop computer that had a price tag of Php 29 500.00
through a one-year simple interest loan. After a year the maturity value of the loan is Php 32
155.00
21. What will be the interest?
 Second Periodic Test
a. Php 35 155.00 c. Php 2 655.00
b. Php 29 500.00 d. Php 2 950.00
22. What is the rate of interest of the loan?
a. 9% c. 11%
b. 10% d. 12%
23. Mrs. Salome wanted to borrow money for her operation in kidney stone. Which
of the following bank offers have the smallest interest earned after 3 years if she
borrowed Php 250 000.00?
a. 6%, compounded semi-annually
b. 8% at simple interest
c. 2%, compounded monthly
d. 12% at simple interest
24. Which of the following refers to a series of equal payments made at equal
intervals of time?
a. Annuity c. Ordinary Annuity
b. Annuity Due d. Simple Annuity
25. Which of the following refers to an investment vehicle designed to accept, grow
and, upon annuitization, payout a stream of income?
a. Annuity c. Ordinary Annuity
b. Annuity Due d. Simple Annuity
26. Which of the following refers to an annuity that can be paid at the beginning of
the term?
a. Annuity c. Ordinary Annuity
b. Annuity Due d. Simple Annuity
27. Which of the following refers to an annuity that can be paid at the end of the
term?
a. Annuity c. Ordinary Annuity
b. Annuity Due d. Simple Annuity
Amount and Present Value of an Ordinary Annuity
1−(1+𝑖)−𝑛 (1+𝑖)𝑛−1 𝑗
Use this two formulas: 𝐴 = 𝑅 ( ) and 𝑆 = 𝑅 ( ), where 𝑖 = 𝑚 and 𝑛 = 𝑚𝑡
𝑖 𝑖

28 – 31. Consider an ordinary annuity of P10 000 per year payable for 3 years with money
worth 10%.
28. What will be the interest rate?
a. 0.1 c. 0.001
b. 0.01 d. 0.0001
29. How many payments will be there?
a. 1 c. 3
b. 2 d. 4
30. What will be the amount of the annuity?
a. P11 000.00 c. P33 100.00
b. P22 100.00 d. P44 100.00
31. What will be the present value of the annuity?
a. P22 900.00 c. P26 900.00
b. P24 900.00 d. P28 900.00
 Second Periodic Test
32 – 35. Find the amount and present value of an annuity of P1 500.00 payable for 2 years
if money is worth 10% compounded semi-annually
32. What will be the interest rate?
a. 0.10 c. 0.025
b. 0.05 d. 0.00125
33. How many payments will be there?
a. 2 c. 6
b. 4 d. 8
34. What will be the amount of the annuity?
a. P6 465.19 c. P5 138.93
b. P5 465.19 d. P4 138.93
35. What will be the present value of the annuity?
a. P6 465.19 c. P5 138.93
b. P5 465.19 d. P4 138.93
36 – 38. A doctor deposits P2 500.00 a month into an ordinary annuity that pays an interest
rate of 2.5% compounded quarterly. Find the future value after 10 years and present value
of the annuity.
36. How many payments will be there?
a. 40 c. 120
b. 80 d. 160
37. What will be the amount of the annuity?
a. P265 262.40 c. P340 338.80
b. P302800.60 d. P415 338.80
38. What will be the present value of the annuity?
a. P265 262.40 c. P340 338.80
b. P302800.60 d. P415 338.80
39. These are shares in the ownership of the company.
a. stocks c. bonds
b. loans d. annuities
40. These are bearing security which promises to pay an amount of money on a
certain maturity date as stated on the certificate.
a. stocks c. bonds
b. loans d. annuities
41. Which among the statements refers to stocks?
a. A form of debt financing or raising money by borrowing from investors.
b. A form of equity financing or raising money by allowing investors to be part
owners of the company.
c. It can be appropriate for retirees.
d. Investors are guaranteed interest
42. Which among the statements refers to bonds?
a. Its prices vary every day.
b. Lower risk but lower yield
c. Higher risk but with possibility of higher returns
d. Investors can earn if its price increases, but they can lose money if its price
decreases.
 Second Periodic Test
43. Deborah will be retiring in 38 years. She has an emergency fund that could
support her for nine months if something were to happen. Deborah wants her money
to work for her and she is not scared of market fluctuations. Where might she invest?
a. Stocks and/or Mutual funds
b. Savings Account
c. Piggy Bank
d. Collectibles
44. Alodia will be retiring in five years. She needs a low-risk place to put her money
that will earn interest. Where might she invest?
a. Bonds c. Stocks
b. Mutual Funds d. Savings Account
45. Eugene needs to start an emergency fund. Where might he invest?
a. Bonds c. Stocks
b. Mutual Funds d. Savings Account
46. Anna is saving for a new car. She wants to buy the car in three years. Where
might she invest?
a. Bonds c. Stocks
b. Mutual Funds d. Savings Account
47. Which of the following is NOT true about investment?
a. The greater the risk on an investment, the greater the possibility of high returns
and also negative returns.
b. The lower the risk on an investment, the greater the possibility of high returns
and also negative returns.
c. The type of investment should align with your investment profile.
d. There are different types of investments and all have different ROI.
48. Which among the following is a notation of the disjunction p and q?
a. p ^ q : (p and q;) c. ~p : (not p; )
b. p ˅ q: ( p or q:) d. p → q ( If p ; then q;)
49. Which among the following proposition is a conditional statement?
a. Victor has a date with Liza.
b. Eumir is eating.
c. If Jerry receives a scholarship, then he will go to college.
d. Either Victor has a date with Liza or Eumir is sleeping.
50. Let p, q, and r be the propositions p : “Annie has a stomach ache.”, q:”Annie
misses the exam.” , and r: ‘ Annie receives a passing grade for the subject.” Express
the sentence below into symbols.
“Annie does not have a stomach ache, yet she misses the exam.”
a. ( p ) ^ q b. (~ p ) ^ q c. p→ (q ^r )) d. (~ p ) ˅ q

“Just believe in yourself. Even if you don’t,

pretend that you do and, at some point, you will.”
- VENUS WILLIAMS