Final Examination in General Mathematics

Prepared by: Beberly Villaluna de Jose – Locsin

I. Multiple Choice. Choose the letter of the correct answer. Write in capital letter.

1. It is the amount paid for the use of another amount of money called the principal amount or simply principal.
a. principal b. interest c. rate d. maturity value
2. It is the base in which base is computed.
a. term b. principal c. Interest d. rate
3. It is the unit of time for which the principal is loaned, or the length of time the principal is borrowed.
a. term b. principal c. Interest d. rate
4. It is the sum of the principal and the interest that accumulates over the agreed term.
a. term b. principal c. amount d. rate
5. It refers to the amount earned for one year calculated by multiplying the principal by the interest rate. It is applied
for transactions that usually last only for less than a year.
a. Interest rate b. Maturity value c. Simple Interest d. Compound Interest
6. It refers to the amount earned for one year calculated by multiplying the principal by the interest rate, it is usually
used for long – term transactions.
a. Interest rate b. Maturity value c. Simple interest d. compound interest
For numbers 7 – 10 .An amount of P150, 000 is invested for 9 months at 4%.
7. What is the principal? a. 4% b. 0. 75 years c. P150, 000 d. 9 months
8. What is the rate? a. 0.4% b. 0.4 c. 0.04 d. 40%
9. Find the simple interest. a. P54, 000 b.P5, 400 c. P4, 500 d. P6, 000
10. Find the full amount. a. P204, 000 b.P155, 400 c.P154, 500 d. P156, 000

For number 11 – 13. Find the compound amount and compound interest on a loan of P50, 000 at 6% for 6 years
compounded semi – annually.
11. Find the compound amount.
a. P50, 016.77 b. P51, 016.77 c. P71, 288.04 d. P72, 288.04
12. Find the compound interest.
a. P16. 77 b. P1, 016.77 c. P21, 288.04 d. P22, 288.04
13. Solve for the Interest rate per conversion period. a. 3% b. 6% c. 12% d. 2%

For numbers 14 -16 . Given the formula for simple interest, I = PRT. Derive the formula for?
14. Simple interest when the principal is unknown.
T I
a. P= b. P= C. P = IRT D. P = RTI
IR RT
15. Simple interest when the rate is unknown.
I I
a. R= b. R= C. P = IRT D. P = RTI
PT RT

16. Simple interest when the time is known.

I I
a. T = b. R= C. P = IRT D. P = RTI
PR RT
17. If 500 is the interest earned of 8000 which was invested for 16months, how much is the rate of interest?
a. 4% b. 0.04% c. 4.68% d. 3.6%

18. Janice has a loan with an interest rate of 1.5%. The amount of interest is P2,250.00 for a period of 3 years. How much
is her loan?
a. P10, 125.00 b. P101.25 c. P5,000.00 d. P50,000.00
19. Jenny invested money from Lucena Rural Bank at 1.05% simple interest for 3 years. It was charged P472.50 for
interest. How much money did Jenny invest?
a. P1,500.00 b. P15,000.00 c. P150,000.00 d. P600,000.00
20. Jenny invested money from Lucena Rural Bank at 1.05% simple interest for 3 years. It was charged P472.50 for
interest. How much is her accumulated money after 3 years?
a. P1,947.50 b. P 15,472.50 c. P 150, 472. 50 d. P 600, 472.50