Lila National High School

Poblacion, Lila, Bohol

Second Quarterly Assessment in General Mathematics

Learner’s Name: ____________________________________________ Date: _____________________

Learner’s Signature: _________________________________________
Grade and Section: _________________________________________ Score: ___/48___________

Directions: Select the letter that corresponds to the correct answer and write it before each number.

____ 1. What is the formula in finding the rate of a simple interest?

I P P I
a. r = P b. r = c. r = t d. r =
t ¿ I Pt
____ 2. It is an interest earned on interest.
a. simple interest c. simple annuity
b. compound interest d. all of the above
____ 3. Which of the following is an example of simple annuity?
a. Annual payment for an appliance with interest compounded annually
b. Yearly payment for an appliance with interest compounded every month
c. Semi-annual payment for an appliance with interest compounded quarterly
d. Monthly payment for an appliance with interest compounded semi-annually
r 0.12
____ 4. If the interest rate per compounding period of 12% compounded monthly is = =0.01 . Then what is the
12 12
interest rate per compounding period of 10.2% compounded quarterly?
a. 0.00255 b. 0.0034 c. 0.0255 d.0.034
____ 5. A person will gain more interest over a fifteen-year period on an investment that pays
simple interest instead of compound interest.
a. true b. false c. either a and b d. cannot be determined
____ 6. Frank gets a loan of P10,000 at 3% simple interest for 6 months. How much amount will he
pay?
a. P10,150.00 b.P11,500.00 c. P11,800.00 d. P28,000.00
____ 7. Teacher’s bank granted Mr. Santos a P250,000 loan payable for 3 years at 5% simple
interest. How much money does Mr. Santos owe on the maturity date?
a. P253,750.00 c. P268,750.00
b. P287,500.00 d. P625,000.00

____ 8. Ms. Tessie needs P6, 000.00 for her son’s tuition fee after 8 months. One day her friend asked her if she could
lend her some money. She decided to lend her friend who needs it so that she can save her money today and also
make it sufficient for her son’s tuition fee. On what rate of increase should she offer her friend given that her
money now is P4000?
a. 62.5% b. 75% c. 80% d. 83.3%
____ 9. In order to have P200,000.00 in 3 years, how much should you invest if the simple interest
is 5.5%?
a. P171,673.82 b. P75,471.70 c. P 100,000.00 d. P11,428.57
____ 10. Find the present value of P12,000 after 10 years at 4% simple interest rate.
a. P8,500.00 b.P8,570.43 c. P8,571.00 d. P8,571.43
____ 11. How much money would you need to deposit today at 8% annual interest compounded
monthly to have P15,000 in the account after 6 years?
a. P9,200.25 b. P9,202.53 c. P9,296.55 d. P9,302.95
____ 12. If you deposit P10,000 into an account paying 8% annual interest compounded
quarterly, how long until there is P18,400.00?
a. t = 7 years, 8 months, 12 days c.t = 8 years, 8 months, 12 days
b. t = 7 years, 9 months, 12 days d. t = 8 years, 9 months, 12 days

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____ 13. How much should Janice deposit in an account paying 8% compounded quarterly in order to
receive P1,250 every 3 months for the next 3 years?
a. P13,219.18 b. P13,119.18 c. P13,218.19 d. P13,118.19
____ 14. Chris borrowed P100 000. He agrees to pay the principal plus interest by paying an equal amount of money
each year for 3 years. What should be his annual payment if interest is 8% compounded annually?
a. P30 838.351 b. P38 803.351 c. P33 808.351 d. P38 830.351
____ 15. Semi-annual payments of P3000 at the end of each term for 12 years with the interest
rate of 12% compounded quarterly, compute for the future value.
a. P154,928.12 b. P154,289.12 c. P154,298.12 d. P154,982.12
____ 16. The following describes a stock, EXCEPT:
a. Buying a share of the company c. Lower risk but lower yield.
b. Partial – owner of the company d. Higher risk but with the possibility of higher returns
____ 17. Charles bought a 9% bond from ABC Corporation that has a face value of ₱80,000. He agreed to receive
interest payments every June and December of the year. How much interest will Kevin receive every June or December?
a. P4,800.00 b. P4,200.00 c. P3,600.00 d. P3,000.00
____ 18. It is also known as credit market where the investors go to buy and sell debt securities issued by governments.
a. Bond index b. Bond market c. Market index d. Stock market
____ 19. It is the time between the purchase of an annuity and the start of the payments.
a. Deferred annuity b. Annuity c. Period of deferral d. Range
____ 20. Find the deferral period of semi-annual payments of P45,000.00 for 3 years that will start 5 years from now.
a.9 periods b.8.5 periods c. 8 periods d. 7.5 periods
____ 21. Which of the following real life situations is an example of annuity:
a. A credit card company offering its client to purchase today but to start
paying monthly with their choice of term after 3 months.
b. A police man who has gained extra income now and wants to save his money
so that he can withdraw his money monthly starting on the day of his retirement from work c. a and b
d. either a and b

[ ]
− ( k+ n) −k
1−( 1+ j ) 1−( 1+ j )
____ 22. The present value of deferred annuity is given by P = R −R[ ]
j j
where R is __________.
a. Rate b. Regular payment c. Rate payment d. Rate interest
____ 23. The present value of deferred annuity is given by

P=R
[
1−( 1+ j )−(k+ n)
j
−R[]1−( 1+ j )−k
j
], is equal to______.

a. j = R
[ 1−( 1+ j )−(k+ n)
j ]
−R[
1−( 1+ j )−k
j
] c. j = R
[ 1−( 1+ j )−(k+ n)
p ]−R[
1−( 1+ j )−k
j
]

b. R = j
[ 1−( 1+ j )−(k +n)
P ]
− j[
1−( 1+ j )−k
R
] d. Pj = R
[ 1−( 1+ j )−(k+ n)
1 ]−R[
1−( 1+ j )−k
1
]

____ 24. On his 40th birthday, Mr. Dominguez decided to buy a pension plan for himself. This plan will allow him to
claim P10,000 quarterly for 5 years starting 3 months after his 60 th birthday. What is the regular payment of the given
problem?
a. P33,538.38 b. P30,000.00 c. P20,000.00 d. P10,000.00
____ 25. The following represents bonds, except:
a. A form of debt financing, or raising money by borrowing from investors.
b. Investors are guaranteed interest payments and a return of their money at the maturity date.
c. Uncertainty comes from the ability of the bond to issue to pay the bondholder. Bonds issued by the
government pose less risk than those by companies because the government has
guaranteed funding (taxes) from which it can pay its loans.
d. Higher risk but with the possibility of higher returns.
____ 26. A credit card company offers a deferred payment option for the purchase of any appliance. Rose plans to buy a
smart television set with monthly payments of 4,000 for 2 years. The payments will start at the end of 3 months with the
interest rate of 10% compounded monthly. What is the interest rate per period?
a. j = 0.03333… b. j = 0.0168 c. j = 0.0113 d. j = 0.00833

Market Last Year’s

Companies
____ 27. Consider the table at the right. Capitalization Earning
Find the price-weighted Index. W P 17 million P 14 million
a. P7.50 million c. P8.50 million X P 12 million P 9 million
b. P3.50 million d. P1.50 million Y P 5 million P 7 million
Z P 8 million P 4 million
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____ 28. Chelsea converted her loan to light payments which gives her an option to pay P1500 every month for 2 years.
The first payment is due 3 months from now. How much is the amount of the loan if the interest rate is 9%
converted monthly?
a. P32,346.70 b. P32,105.90 c. P31,346.70 d. P31,105.90
____ 29. Mr. & Mrs. Esparrago decided to sell their house and to deposit the fund in a bank. After computing the
interest, they found out that they may withdraw P350,000 yearly for 4 years starting at the end of 7 years when
their child will be in college. How much is the fund deposited if the interest rate is 3% converted annually?
a. P1,289,533.99 b. P1,089,533.99 c. P1,059,533.99 d. P1,035,893.99
____ 30. Mr. Ramos purchased a laptop through the credit cooperative of their company. The cooperative provides an
option for a deferred annuity. Mr. Ramos decided to pay after 4 months of purchase. His monthly payment is
computed as P3,500.00 payable in 12 months. How much is the cash value of the laptop if the interest rate is 8%
convertible monthly?
a. P39,441.14 b.P39,179.97 c. P39,149.14 d. P39,114.97
____ 31. Consider the statement,” If Lyzene has a stomach ache, then she does not receive
a passing grade for the subject, or if she misses the exam, then she does not receive
a passing grade for the subject.” Which of the following is
the symbolic form of this statement and identify the most dominant connectives.
a. p →( ~ r ) ∨ ( q → ~ r) – disjunction c. p →( r ) ∧ ( q → r) – conjunction
b. p →( ~ r ) → ( q ∨ ~ r) – conditional d. p →( ~ r ) ↔ ( q → ~ r) – biconditional
____ 32. Identify which of the following situations shows a consumer loan.
a. Lino decided to build a “crab fattening farm”. He decided to borrow some
money from the bank to buy the materials needed for the farm.
b. Mr. and Mrs. Dela Serna wants to borrow money from the bank to finance
the college education of their eldest daughter.
c. Mr. Lachica owns a public utility vehicle. He plans to add one. He decided
to borrow money from the bank to purchase the said additional vehicle.
d. Mr. Rodriguez owns a “hot pizza business”. He wants to put a small branch
on a neighboring town. He decided to have a loan to finance the new business.
____ 33. Let p : "Students are happy" and q : "Teachers are happy." ; then ~(p ∨ ~q) is?
a. It is not the case that students are happy and teachers are not happy.
b. Students are not happy and teachers are not happy.
c. It is not the case that students are happy or teachers are not happy.
d. Students are not happy or teachers are not happy.
____ 34. Let p: Parallel segments intersect at a point, , and q: Segments have only
one endpoint; then “Parallel segments intersect at a point if and only if the
segments have only one endpoint.” in symbolic form is?
a. p ∨ q b. p ∧ ~ q c. p ↔ q d. p → q
____ 35. Let p: It is time for dinner, and q: It is 6 pm; then p → q is ?
a. If it is 6pm, then it is time for dinner
b. If you want to eat dinner, then you must eat at 6pm.
c. If it is time for dinner, then it is already 6pm.
d. If the time is for dinner, then it is now 6 pm.
____ 36. Which of the following statements is a proposition.
a. p:Mindanao is an island in the Philippines. b. q: Find a number which divides your age.
c. s: Welcome to the Philippines. d. v: What is the domain of the function?

____ 37. Mr. Avarado obtained a 10-year mortgage for P4,200,000. If his monthly payment
is P39,500, how much is the total interest?
a. P450,000 b. P540,500 c. P540,000 d. P550,500
____ 38. If a condominium is purchased for P1,700,000, and the bank requires 25%
down payment, how much is the mortgage amount?
a. P1,752,500 b. P1,572,000 c. P1,275,000 d. P1,275,500
____ 39. A business loan of P800,000 is to be repaid in full after 2 years. What is the amount
to be paid if the effective rate of interest is 8%?
a. P933,201 b. P339,120 c. P933,120 d. P399,012
____ 40. Let d: The crown prince died, m:The crown prince married a commoner, and
i: The younger sister would inherit the throne.
Which of the following is the symbolic form of the statement
“It is not the case that if the crown prince died or he will marry a commoner,
his younger sister would inherit the throne”.
a. ~ [ (d v m) ^ i] b. ~ [ (d ^ m) → i] c. ~ [ (d v m) → i] d. (d v m) → i
____ 41. Let m: Male seahorse is a fish, and f: Female seahorse carries the eggs until
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 their release into the water. What is the truth value of the disjunction?
“Male seahorse is a fish or female seahorse carries the eggs until their release into the water”.
a. True b. False c. both true & false d. neither
____ 42. Either Lorraine passed the licensure exam for teachers, or Allene passed the
exam and Neilane failed.
a. disjunction b. conjunction c. negation d. conditional
____ 43. Of the given symbolic statement : ~ p  (q  r  s) , identify the type of
logical connector based on the rule of dominance.
a. negation b. disjunction c. conjunction d. conditional
____ 44. “I am in Bangalore and I do not love cricket”; the logical connector being used is?
a. not b. and c. or d. If-then
____ 45. Let p: I am in Delhi.; q: Delhi is clean.; then ~q ^ p is?
a. Delhi is not clean and I am in Delhi. c. Delhi is not clean or I am in Delhi.
b. I am in Delhi and Delhi is not clean. d. Delhi is clean but I am in Mumbai.
____ 46. Which of the following is NOT an example of a business loan?
a. Mr. and Mrs. Craig want to borrow money from the bank to finance the college education of their
son.
b. Roan has a computer shop. She owns 6 computers. She decided to borrow some money from the
bank to buy 10 more computers.
c. Mr. Agustin plans to have a barbershop. He wants to borrow some money from the bank in order for
him to buy the equipment and furniture for the barbershop.
d. Mr. Samson owns a siomai food cart business. He wants to put another food cart on a new mall in the
other city. He decided to have a loan to establish the new business.
____ 47. What type of annuity is involved when the interest conversion or compounding period
is equal or the same as the payment interval?
a. Annuity certain c. Simple annuity
b. Annuity uncertain d. General annuity
_____ 48. Suppose Mrs. Santos would like to save PhP3,000 every month in a fund that gives 9%
compounded monthly. How much is the amount or future value of her savings after 6 months?
a. PhP9,067.66 b. PhP12,135.67 c. PhP15,226.69 d. PhP18,340.89
0

ELSA P. OCULAM
Subject Teacher

_____________________________________________________
Parent’s / Guardian’s Signature Over Printed Name