Republic of the Philippines

Department of Education
REGION VI-WESTERNVISAYAS
SCHOOLS DIVISION OF ILOILO
DOMINADOR ABANG MEMORIAL NATIONAL HIGH SCHOOL
GARITA, SAN ENRIQUE, ILOILO

1st Summative test ( Quarter 2 )

General Mathematics 11

Name: ____________________________________________ Score:___________

Grade & Section: ________________________ Date:______________

I. Identification: Identify the correct word in each statement. Choose the correct word inside the box and write
your answer before the number.
Maturity date creditor origin interest

Simple interest term principal debtor

Compound interest future value

_________________1. Interest that is computed on the principal and then added to it.
_________________2. Person who invest the money or makes fund available.
_________________3. Amount paid or earned for the use of money.
_________________4. Amount of money borrowed or invested on the origin date.
_________________5. Amount after t years that the lender receives from the borrower on the maturity date.
_________________6. Person who owes the money or avails the fund from the lender.
_________________ 7. Interest is computed on the principal and also on the accumulated past interest
_________________ 8. Date on which the money borrowed or loaned is to be completely repaid.
_________________ 9. Amount of time in years the money is borrowed or invested; length of time between the origin
and maturity dates.
_________________ 10. Date on which money is received by the borrower.

II.Solve.
A. Solve the following Simple interest problems. Show your process.

1. When invested at an annual interest rate of 7%, the amount earned ₱11, 200.00 of simple interest in 2.5 years.
How much money was originally invested?
Is
Use the formula: P=
rt
2. Find the simple interest on a loan of P65,000 if the loan is given at a rate of 20% and is due in 3 years.

3. What are the amount of interest and maturity value of a loan for P125,000 at 12% simple interest for 4 years.

B. Solve the following compound interest . Show your process.

1. Pet borrowed P200,000 at 8% compounded annually?What is the interest and how much will he be paying
after 2
years?
2. What amount must be deposited by a student in a bank that pays 5% compounded annually so that after 9 years he
will have P150,000?

Prepared by:
Mrs. Catherine D. Saldevia
Subject Teacher