2nd QUARTER EXAMINATION IN GENERAL MATHEMATICS

NAME: _______________________________________________________________ SCORE: ___________________

GRADE/SECTION: ________________________________ TIME: _______________ DATE: ____________________

TEST 1
DIRECTIONS: Read and analyze the following statements carefully. Write the letter of the best answer on the space
provided.
____1. It refers to the amount charged by a lender to borrower for any form of debt given, generally expressed as
a percentage of the principal.
a. Interest b. Interest rate c. Simple Interest d. Compound Interest
____2. Which of the following statements illustrates a compound interest?
a. Jay-R investing his ₱40,000.00 to a company that offers 7% interest compounded semi-annually .
b. Japan offered ₱3.5 trillion loan to the Philippines at an interest rate of 5.5% interest rate
compounded quarterly.
c. ASA lending company charges a 9% interest compounded monthly for lenders who
borrow an amount of at least ₱100,000.00.
d. All of the above
____3. Esmeralda is planning to open a clothing store in Virac but needs additional funds thus decided to
borrow money worth ₱30,000. Two financial institutions offer her a good deal. XYZ Bank offers 3% interest
rate while ECQ Bank offers the same interest rate, 3% but compounded monthly. Both are payable for 3 years.
What kind of interest does Bank XYZ illustrate?
a. Fixed Interest b. Simple Interest c. Compound Interest d. Variable Interest
____4 What is formula for finding Maturity Value in an interest compounded more than once a year?
nt mt mt nt
i i i i
a. F = P(1+ ) b. P = F (1+ ) c. F = P(1+ ) d. P = F (1+ )
m m m m
____5. What is the value of “m” or the frequency of conversion if the interest is compounded
every three(3) months?
a. 12 b. 4 c. 3 d. 365
____6. What type of annuity is payable for a definite duration and also begins and ends on a definite or fixed date?
a. Simple Annuity b. Annuity Due c. Annuity Certain d. General Annuity
____7. What type of annuity is represented by a deposit of ₱10,000.00 that is made at the end of every three
months to an account that earns 2.6% interest compounded quarterly?
a. Simple Annuity b. Annuity Due c. Annuity Certain d. General Annuity
___8. What is the formula for finding the present value of a deferred annuity?
k −(k +n) −n n
(1+i) −( 1+i ) 1−(1+i) (1+i) −1
a. P = R ( ¿ b. P = R ( ¿ c. P = R ( ¿ d. P = R (
i i i
−k −(k+n)
(1+i) −( 1+i )
¿
i
____9. ___________ are interest-bearing security that promises to pay an amount of money on a
certain maturity date as stated in the bond certificate.
 a. Stocks b. Bonds c. Equity d. Security

____10. ___________ loans are loans given to individuals for personal or family purpose.?
a. Individual b. Business c. corporate d. Consumer
____11. A ____________ proposition is formed from simpler propositions (simple sentences in English) using
logical connectors or some combination of those.
a. simple b. compound c. complex d. conditional
____12 When two propositions, say p and q, are connected by the phrase “if and only if”, the resulting compound
proposition is called a __________.
a. disjunction b. conjunction c. Implication d. bi-conditional
____13. A ______________ is a compound proposition which is always true for any possible combination of truth
values of its simple propositions.
a. Categorical Syllogisms b. Tautology c. Contradiction d. Arguments
For Number 14-18.
Given a = ₱150,000 and b = ₱25,000. If Vegeta invested an amount of (2a – 3b) pesos in a cooperative with a rate
of 3b/10a compounded daily for 36 months.
____14. How much does Vegeta invest in a cooperative?
a. ₱150, 000.00 b. ₱225,000.00 c. ₱25,000.00 d. ₱175,000.00
____15. What is the rate value?
a. 0.05 b. 0.167 c. 0.5 d. 0.0167
____16. What will be the interest of investment after 36 months?
a. ₱36,410.02 b. ₱36, 140.01 c. ₱782,345.50 d. ₱36,331.25
____17. How much will you get from this investment after 36 months?
a. ₱261,140.01 b. ₱261,410.02 c. ₱1,007,345.51 d. ₱261,331.25
____18. What is the future value of his investment, If the cooperative offers it for 5 years at same rate?
a. ₱261,410.02 b. ₱288,900.77 c. ₱248,661.75 d. ₱261,331.25
____19. Jonah wants to have PhP 120 000.00 after 10 years. How much money should she deposits in a bank that
pays 4% compounded annually?
a. PhP 177,629.31 c. PhP 85,714.29
b. PhP 168,000.00 d. PhP 81,067.70

____20. A sum of money at simple interest amounts to PhP 815 in 3 years and to PhP 854 in 4 years. The
sum is:
a. PhP 650 b. PhP 690 c. PhP 698 d. PhP 700
____21. Nathan’s parents deposited in her bank account PhP 50 000.00 at an interest rate of 3.25% compounded
yearly on her first birthday and did not withdraw any amount from the account. How much money Nathan has on
her 21st birthday?
a. ₱97,872.63 b. ₱82, 500.00 c. ₱94,791.90 d. ₱84,125.00
____22. Janine invested PhP 50 000.00 in a savings bank. At what interest rate compounded quarterly will make
her money double itself in 10 years?
 a. 6.99% b. 1.75% c. ₱7.177% d. ₱28.71%
____23. Jannia’s PhP 100 000.00 investment in a bank earned PhP 30 000.00 at 6% compounded quarterly. How
long did she invest the money?
a. 5 yrs. b. 45 months c. 4.5 yrs. d. 180 months

____24. Miss Jane Alvinia invested PhP 150 000.00 in a Cooperative that offers 3% interest rate compounded
semi-annually. How much interest will she earn if she will invest the money for 2 years?
a. PhP 159 204.53 b. PhP 9,240.53 c. PhP 159 240.53 d. PhP 9 204.53
____25. A vegetable vendor aims to have his savings grow to Php 50 000.00 in 2 years. How much should be his
initial investments in an account that pays 10% interest rate compounded quarterly?
a. PhP 40 000.00 c. PhP 42 000.00
b. PhP 41 037.33 d. PhP 45 037.33
For number (26-28)
A high school student would like to save ₱ 50,000 for his graduation. He will be depositing on his savings every
month for 5.5 years and interest is at 0.25% compounded monthly?
____26. What is the nominal rate converted to decimals?
a. 0.025 b. 0.00021 c. 0.25 d. 0.0025
____27. What is the appropriate formula to be used??

P(i) 1−(1+i)
−n
P (i)
b. R = ( n
¿ b. F = R ( ¿ c. R = ( −n
¿ d. R = (
(1+i) −1 i 1−(1+i)
F(i)
n
¿
(1+i) −1
____28. How much should he deposit in his bank to get ₱ 50,000 after 5.5 years?
a. ₱ 752.46 b. ₱ 751.44 c. ₱ 763.94 d. ₱ 762.87
For number (29-31)

The value of a car requires a ₱ 169,000.00 cash down payment and a monthly payment of ₱ 12,000.00
If money is computed at 10% compounded monthly payable in 5 years?
____29. What is the value of the interest rate per period (i)?
a. 0.010 b. 0.008333 c. 0.083333 d. 0.100

____30. how much is the present value?

a. ₱ 564,784.42 b. ₱ 142,818.00 c. ₱ 119,605.89 d. ₱ 539,460.46

____31. How much is the cash price of the car payable in 5 years?
a. ₱ 708,460.46 b. ₱ 158,818.00 c. ₱ 289,605.89 d. ₱ 733,784.42
For number (3-33)
An old farmer named Mang Jose wants to invest his ₱250,000 savings in a firm that offers 3.4% interest
compounded semi-annually on his 35th birthday. He intends to receive an annual payout for 5 years starting on his
60th birthday.
____32. What is the converted interest rate (i)?
 a. 0.34 b. 0.034289 c. 0.032489 d. 0.0034
____33. What is the value of the number of deferred payment (k)?
a. 25 b. 24 c. 48 d. 50

____34. How much will be his annual payout for 5 years if it will happen for the first time on his 60th

birthday?
a. ₱ 128,365.95 b. ₱ 122,269.54 c. ₱ 118,422.13 d. ₱ 124,110.03

____35. A certain retirement plan offers a 5% interest compounded annually. How much money must be
invested today so that ₱80,000 annual payout will be enjoyed for 10 years if the first payout will be made
after 5 years?
a. ₱ 31,056.86 b. ₱ 763,056.97 c. ₱ 508,215.23 d. ₱ 484, 014.51

TEST 2
Directions. Read and analyze the problems carefully. Write FS if the problem is looking for the Future Value of a
Simple Ordinary Annuity; PS if it asks for the Present Value of a Simple Ordinary Annuity; FG for the Future
Value of a General Ordinary Annuity; and PG for the Present Value of a General Ordinary Annuity.

___PG___1. Mrs. Azurin pays ₱ 8,000 every 3 months for her car for 10 years with an interest rate of 12%
compounded quarterly. How much is the cash price of her car?
___FS___2. Miya decided to save ₱ 500 for her high school graduation at the end of every month. If the bank
pays 0.25% compounded monthly, how much will be her money after 5 years?
___PG___3. If the interest is 9.5% compounded semi-annually, what is the present value of ₱ 9,500.00
payable at the end of each six months for 7 years?
___PS___4. Mr. Bruno would like to know the present value of his savings with ₱ 4,500.00 deposit every 6
months for 10 years if the interest is 7% compounded semiannually.
___FG___5. Teacher Iruka is saving ₱ 3,000.00 every month by depositing it in a bank that gives an interest of
1.5% compounded quarterly. How much will she save in 8 years?