Republic of the Philippines

Department of Education
REGION XI
SCHOOLS DIVISION OF MATI CITY
CULIAN INTEGRATED SCHOOL
Second Quarterly Examination
GENERAL MATHEMATICS
Grade 11-Emerald

Name:_____________________________________________ Date:__________ Score:___________

Read carefully. For each item, choose and write the letter of the correct answer on the
space provided.

______1.) This refers to the accumulated amount obtained by adding the principal and
the compound interest.
A. Compound amount C. Present value
B. Compound interest D. Simple interest

______2.) Date on which the money borrowed or loaned is to be completely repaid.

A. Conversion period C. Maturity date
B. Loan date D. Origin date

______3.) What is the formula in computing the simple interest on a given financial
transaction?
A. 𝐼𝑠 = 𝑃𝑟𝑡 C. 𝐼𝑠 = 𝑟𝑡𝑃
𝐵. 𝐼𝑠 = 𝑃𝑟2𝑡 D. 𝐼𝑠 = 𝑃𝑡𝑟

______4.) This refers to the interest rate per conversion period.

A. Compound interest C. Rate of interest
B. Periodic rate D. Simple interest

______5.) This refers to the amount paid or earned for the use of money.
A. Conversion period C. Principal
B. Interest D. Rate

______6.) 30 months is equivalent to

A. 2.5 years C. 3 years
B. 2.75 years D. 3.25 years

______7.) How much is the simple interest on this financial transaction, P = ₱5,000.00,
r = 6%, and t = 2 years?
A. ₱120.00 C. ₱1,200.00
B. ₱600.00 D. ₱6,000.00

______8.) What is the total number of conversion periods when a certain amount is
borrowed at 10% compounded monthly for 5 years?
A. 12 C. 24
B. 50 D. 60

______9.) How much was the interest if Sophia borrowed ₱45,000.00 and paid a total of
₱55,500.00 at the end of the term?
A. ₱10,500.00 C. ₱11,500.00
B. ₱45,000.00 D. ₱100,500.00
______10.) What is the interest rate per conversion period if ₱25,900.00 was
invested at 3.5% compounded annually for 4 years and 6 months?
A. 0.035 C. 0.140
B. 0.350 D. 0.460

_______11.) The I in the simple interest formula stands for?

A. Account balance in peso B. Interest earned in peso.
C. Interest rate in decimal D. Interest rate in peso

_______12.) The P in the simple interest formula stands for?

A. Principal amount invested. B. Percentage amount invested.
C. Price of borrowing money D. Principal amount earned.

_______13.) What is the formula in computing the compound interest on a given financial
transaction?
A. A=P(1+r)- t C. A=P(1-r)- t
B. A=P(1+r) t D. A=P(1-r) t

_______14.) How much money should Johnny placed in a time deposit in a bank that pays
4% compounded annually so that he will have ₱55,000.00 after ten years?
A. ₱37,156.03 B. ₱37,165.0303 C. ₱37,146.03 D. ₱37,156.30

_______15.) This refers to the amount paid or earned for the use of money.
A. Conversion period C. Principal
B. Interest D. Rate

_______16.) Which of the following best describes compound interest?

A. Compound interest is easier to compute.
B. Compound interest resists more money.
C. Compound interest computed on the original principal only.
D. Compound interest keeps computing interest.

______17.) This refers to the number of times in a year the interest will be compounded.
A. Conversion Period C. Conversion Interest
B. Number of Conversion Period D. Conversion Rate

______18.) What is the total number of conversion periods when a certain amount is
borrowed at 2.5% compounded semi-annually for 2 years?
A. 2 C. 6
B. 4 D. 8

______19.) Find the compound interest on ₱5,000.00 for 1 year at 8% per annum,
compounded semi-annually?
A. ₱200.00 C. ₱280.00
B. ₱208.00 D. ₱408.00

______20.) What is the compound interest on ₱30,000.00 at 5 % per annum for 2 years,
compounded annually?
A. ₱3,000.00 C.₱3,075.00 B. ₱3,250.00 D.₱3,750.00

II- Problems Involving Simple Interest and compound interest (5 points each)
1. A bank offers 1.5% annual simple interest rate for a particular deposit. How
much interest will be earned if 50,000.00 pesos is deposited in this savings
account for 1 year?
Use this formula:
Is=Prt

2. When invested at an annual interest rate of 8%, the amount earned

₱11,200.00 of simple interest in 2.5 years. How much money was originally
invested?
Use this formula:
P=Is
rt

3. Sheila invested ₱10,000.00 for 3 years at 10% compounded yearly. How much
will she have at the of the three years?
Use this formula:

4. Find the present value of ₱12,850.00 due in 1 years if the interest rate is 6%
compounded monthly.
Use this formula: