Third Quarter

S.Y. 2023 - 2024

Score:

30

Name Date:
Grade & Section Parent’s Signature

GRADE 7 ELECTIVE MATHEMATICS

QUIZ 2

General Directions: This is a 30-item quiz. Read the directions carefully. Avoid erasures.

I. Directions: Solve the given problem. Show your COMPLETE solution. You may use the space provided for your solutions.

Find the monthly amortization for a Php250,000 loan which is to be repaid in 2 years at 9% compounded semiannually.

Number of
Total Payment Payment on Interest Payment on Principal Balance of Loan
Payment
0 250,000.00
1 1 – 3. _____________ 4 – 5. _____________ 6 – 7. _____________ 8 - 9. _____________
2 10. _____________ 11 – 12. _____________ 13 – 14. _____________ 15 -16. _____________
3 17. _____________ 18 – 19. _____________ 20 – 21. _____________ 22 -23. _____________
4 24. _____________ 25 – 26. _____________ 27 – 28. _____________ 29 -30. _____________

1 – 3. R=A n
[ i
1−( 1+ i )]
−n
=¿

4 – 5. P ayment on Interest =¿

6 – 7. Payment on Principal=¿

8 – 9. B alance of Loan=¿

11 – 12. P ayment on Interest =¿

13 – 14. Payment on Principal=¿

15 – 16. B alance of Loan=¿

18 – 19. P ayment on Interest =¿

20 – 21. Payment on Principal=¿

22 – 23. B alance of Loan=¿

25 – 26. P ayment on Interest =¿

27 – 28. Payment on Principal=¿

29 – 30. B alance of Loan=¿