SENIOR HIGH SCHOOL DEPARTMENT

FINAL EXAMINATION – Set B

General Mathematics
Finance & Alunsina

Name: ____________________________________ Date: ______________

Strand & section: ___________________________ Score: _____________

I. IDENTIFICATION. Identity what is being asked on the following statements. Write your answer before
each number. STRICTLY NO ERASURE.

__________ 1. duration of the loan or investment, expressed in years, the interval between the loan's origin and maturity
date.

__________ 2. quantity of conversion intervals in a year.

__________ 3. someone or organization that is in debt or uses money obtained from a lender.

__________ 4. date by which the loan or borrowed funds must be fully returned.

__________ 5. yearly rate, which the lender charges, usually expressed as a percentage, or the rate at which the
investment grows.

__________ 6. amount that the lender receives from the borrower on the maturity date after (t) years.

__________ 7. sum acquired or paid for using money.

__________ 8. date on which the borrower receives payment

__________ 9. amount invested or borrowed on the date of origin.

__________ 10. the individual or organization that makes the money available or invests it.

II. SOLVING. Solve the following real-life problems below. Simplify your answer into two (2) decimal places.
Show your solution to get the highest possible points, use 2pcs. of yellow pad. ERASURES ARE
ALLOWED.

1. Miss S. Torres borrowed Php 65,450.00 from a savings and loan association that changes 3.73% simple interest
for 3 years. Find the:
a. amount of interest per annum
b. total amount of interest due on the loan

2. A man invested Php 50,000.00 in an investment entity that pays 1.88% simple interest for 3 years and 7 months.
How much interest did he earn?

3. A man borrowed Php 21,000.00 from a credit union. If the interest is Php 596.25 for 7 months, what rate of
interest did the man pay?
4. A Php 30,000.00 loan was due on October 30. If a man obtained the loan on May 30 at 6.5% simple interest of the
same year, how much will he pay on the due date?

5. R. Torres deposited Php 15,000.00 in a savings bank that pays 3.13% compounded quarterly for 3 years and 9
months. Find the accumulated value and the interest earned at the end of term.

6. How long in years will it take for Php 20,000.00 to amount to 22,750.00 at 5.5% simple interest?

7. A man will need Php 800,000.00 to buy a vehicle at the end of 5 years and 6 months. How much should he place
in a savings account now that pays 6.6% interest compounded quarterly to be able to buy the vehicle?

8. Find the maturity value of an investment of Php 35,000.00 that is placed in a savings fund that pays 5.6%
compounded semi-annually for 3 years and 6 months.

9. Find the present value of Php 20,000.00 due at the end of 2 years at 5% compounded annually.

10. How much must a parent deposit in a bank now that gives 6.5% interest compounded monthly so that after 8
years, he will have Php 650,000.00

“If the path to what you want seems too easy, then you’re on the wrong path.” - Monkey D. Luffy