Republic of the Philippines
Department of Education
Caraga Region
SCHOOLS DIVISION OF SURIGAO DEL SUR
TAGO II DISTRICT
2nd QUARTER EXAMINATION
GENERAL MATHEMATICS
S.Y. 2022 - 2023
I. Multiple Choice
Directions: Choose the letter of the correct answer. Show pertinent solution if necessary.
1. Which of the following statements 5. Determine the interest rate if 𝑃 =
illustrates simple interest? 25,000 𝑡 = 2.5 and 𝐼𝑠 = 6,790.
A. It is the interest paid or earned for A. 8.106% C. 9.846%
the use of money. B. 8.410% D. 10.864%
B. It is the interest that is computed 6. It is an amount of money borrowed or
on the principal and then added invested on the origin date.
to it.
A. Interest C. Principal
C. It is the interest after t years; that
B. Rate D. Time
the lender receives from the
borrower on the maturity date. 7. How much money should you deposit
D. It is the interest that it computed in a bank so that it will accumulate to
on the principal and also on the P150,000 at 2% simple annual interest
accumulated past interests. for 5 years?
2. Find the simple interest on a loan of A. P165,000.00 C. P135,859.62
P250,000 if the loan is given at a rate B. P136,363.64 D. P135,000.00
of 6.5% and is due in 5 years?
8. Lina is thinking of investing an
A. P81,350.00 C. P331,250.00 amount of P50,000.00 for 2 and ½
B. P81,250.00 D. P331,350.00 years. Which investment is better?
3. Which of the following is the first step A. Simple interest of 8.5%
in solving the maturity value of simple B. Compounded annually of 8.5%
interest? C. Compounded semi-annually of
8.5%
A. Add the interest rate to 1. D. Compounded quarterly of 8.5%
B. Add the time in years to 1.
C. Multiply the interest rate and time 9. Which of the following shows
in years. compound interest?
D. Multiply the principal amount,
interest rate, and time in years. A. Principal = 1,000 term = 2 years
4. Kiko invested P65,000 at 11.5% Rate = 5% Interest = 100
annual simple interest rate. How much B. Principal = 1,500 term = 2 years
should she pay after 4 years? Rate = 10% Interest = 300
C. Principal = 1,000 term = 3 years
A. 𝐹 = 65000[1 + (0.115)(4)] Rate = 5% Interest = 150
B. 𝐼𝑠 = (65000)(0.115)(4) D. Principal = 1,500 term = 3 years
C. 𝐹 = 65000(1 + 0.115)4
Rate = 10% Interest = 497
D. 35000
𝑃 = [1+(0.105)(3)]
Gamut, Tago, Surigao del Sur
214-6135
(0946)4669-560I (0907)2739-041I (0938)-5092-655I (0938)2568-540
[email protected] Republic of the Philippines
Department of Education
Caraga Region
SCHOOLS DIVISION OF SURIGAO DEL SUR
TAGO II DISTRICT
10. Suppose that a couple invested 13. In computing the final amount of a
P30,000 in an account when their loan with a compound interest, we use
𝑖𝑚
child was born, to prepare for the the formula 𝐹 = 𝑃(1 + 𝑚 )𝑚𝑡 , where P is
child’s college education. If the average the principal amount, 𝒊𝒎 is the annual
interest rate is 4.4% compounded rate, m is the number of times the
annually, will the money be doubled by interest is compounded in a year, and
the time the child turns 18 years old? t is the number of years. Based on this
formula, what would be the final
A. Yes, the money has more than amount of a loan worth P140,000.00
doubled. with an interest of 9% compounded
B. Yes, the money will be doubled if three times a year, in 4 years? Which
the interest rate is being increased. of the following will be true?
C. No, the money did not double.
D. No, since the interest rate is too low. A. The final amount would be less
than Php 150,000.00.
11. John is about to make a B. The final amount would be greater
P1,000,000.00 loan. Bank A offers a than Php 220,000.00.
loan with a simple interest of 8%; Bank C. The final amount would be greater
B offers a loan with a 7.9% interest than Php 200,000.00 but less than
compounded semi-annually; and Bank Php 220,000.00.
C offers a loan under 7.8% interest D. The final amount would be greater
compounded monthly. Which of the than Php 150,000.00, but less than
following statements is true? Php 200,000.00.
A. Interest in Bank A < interest in 14. What is the frequency of conversion
when money compounded monthly?
Bank B < interest in Bank C
B. Interest in Bank B < interest in A. 1 C. 4
Bank A < interest in Bank C B. 2 D. 12
C. Interest in Bank C < interest in
Bank B < interest in Bank A 15. Find the total number of conversion
D. Interest in Bank C < interest in periods when money is compounded
Bank A < interest in Bank B monthly with 1 year and 6 months’
term.
12. Find the compound interest if A. 3 C. 18
P20,000 is compounded annually at B. 6 D. 24
an interest rate of 2% in 6 years?
16. Find the interest rate in a conversion
A. P2,523.25 period when the annual interest rate is
7.5% compounded quarterly.
B. P2,525.23
C. P2,645.19 A. 0.1875% C. 0.01875%
D. P2,700.00 B. 1.875% D. 18.75%
Gamut, Tago, Surigao del Sur
214-6135
(0946)4669-560I (0907)2739-041I (0938)-5092-655I (0938)2568-540
[email protected] Republic of the Philippines
Department of Education
Caraga Region
SCHOOLS DIVISION OF SURIGAO DEL SUR
TAGO II DISTRICT
17. Which row of the table shows the 21. What is the frequency of conversion
correct values for 𝑗 and 𝑛? when money is compounded
quarterly?
A. 1 C. 3
B. 2 D. 4
22. Mark aims to accumulate P500,000 in
A. Row 1 C. Row 3
6 years. Which investment will require
B. Row 2 D. Row 4 the smallest present value?
For items 18-19, refer to the situation
below. A. 7% simple interest
B. 7% compounded annually
Suppose that an amount of Php 25,000 is C. 7% compounded quarterly
deposited in an account with2% interest D. 7% compounded semi-annually
rate compounded quarterly.
23. Rico deposits P50,000 in a savings
account and leaves it there for 6 years
18. Which of the following models the to accumulate interest at 9%
value of the deposited amount in any compounded monthly. What is the
year? value of the number of conversion per
year m?
A. 25 000 (1 + 0.2)𝑥
0.02
B. 25 000 (1 + 4 )(4)(𝑥) A. 1 C. 4
C. 25 000 (1 +
0.2 (4)(𝑥)
) B. 2 D. 12
4
0.02 𝑥
D. 25 000 (1 + ) 24. What is the interest rate in each
4
conversion period when the annual
19. What will be the amount of money rate is 12.67% compounded monthly?
after 3 years?
A. 0.0105583% C. 10.5583%
A. P25,376.88 C. P43,200.00
B. 1.05583% D. 0.105583%
B. P26,541.94 D. P44,896.41
25. What do you call a total amount that
20. At what interest rate, compounded
must be repaid on the loan, including
annually, will an investment of P8,500
the principal borrowed and the interest
become P100,000 at the end of 20
years? owed?
A. Interest
A. 11.13% C. 13.12% B. Maturity Value
B. 12.36% D. 15.08% C. Ordinary interest
D. Principal Amount
Gamut, Tago, Surigao del Sur
214-6135
(0946)4669-560I (0907)2739-041I (0938)-5092-655I (0938)2568-540
[email protected] Republic of the Philippines
Department of Education
Caraga Region
SCHOOLS DIVISION OF SURIGAO DEL SUR
TAGO II DISTRICT
26. A deposit of P5,500 was made every 28. What is the interest rate every
three months to an account that compounding payment period?
earns 5.6% interest compounded
A. 0.24 C. 0.024
quarterly. What type of annuity is
B. 0.02 D. 0.002
presented in the given problem as to
the interest period and payment 29. What is the total number of payments
interval? made by Kay’s parents on her 15th
birthday?
A. Annuity Due
B. General Annuity A. 60 C. 18
C. Ordinary Annuity B. 30 D. 15
D. Simple Annuity 30. Which of the following formula is to be
27. In the situation below, which of these used in finding the amount available at
illustrating an ordinary annuity? the bank after a number of payments
made?
I. Jun’s monthly mortgage payment 1−(1+𝑗)−𝑛 (1+𝑖)𝑛 −1
A. 𝑃 = 𝑅 C. 𝐹 = 𝑅
is Php. 35,148.05 at the end of 𝑗 𝑖
(1+𝑗)𝑛−1 1−(1+𝑖)−𝑛
each month. B. 𝐹 = 𝑅 D.𝑃 = 𝑅
𝑗 𝑖
II. The rent of apartment is P7,000
and due at the beginning of each 31. How much will be Kay’s savings on her
month. 15th birthday?
III. A customer of the Mendon Falls A. P30,000.00 C. P42,631. 21
Gas and electric company pays B. P31,840.44 D. P43,235.20
his utility bills on a budget plan.
Instead of having his bill fluctuate 32. Find the present value of the semi-
from month to month, he pays the annually payments of P500 at the end
utility P6,000 at the end of each of each term for 10 years with interest
month. rate of 5% compounded semi-
IV. Paying a debt semi-annually when annually.
the interest is compounded A. P7,794.58 C. P10,727.33
monthly. B. P9,946.04 D. P13,499.12
A. I only C. I and III
33. Mark borrowed P150,000 payables in
B. II only D. I and IV
2 years. To repay the loan, he must pay
an amount every month with an
For numbers 28-31, consider the interest rate of 6% compounded
situation below. monthly. How much should he pay
every month?
Kay’s parents begin making a monthly
payment of P500 into an account paying A. P6,648.09 C. P3,384.43
2.4% compounded monthly. Payments B. P4,668.34 D. P5,898.09
begin on her 10th birthday.
Gamut, Tago, Surigao del Sur
214-6135
(0946)4669-560I (0907)2739-041I (0938)-5092-655I (0938)2568-540
[email protected] Republic of the Philippines
Department of Education
Caraga Region
SCHOOLS DIVISION OF SURIGAO DEL SUR
TAGO II DISTRICT
34. Paying a debt semi-annually when 39. Which of the following statements best
the interest is compounded monthly. describes bonds?
What type of annuity is presented in
the given problem as to the interest A. Higher risk but with possibility of
period and payment interval? higher returns.
B. Investors are guaranteed interest
A. Annuity Due
payments and a return of their
B. General Annuity
money at the maturity date.
C. Ordinary Annuity
D. Simple Annuity C. A form of equity financing or
raising money by allowing
35. Find the future value of the semi- investors to be part owners of the
annually payments of P8,000 at the company.
end of each term for 12 years with D. prices vary every day and reported
interest rate of 12% compounded in various media
quarterly?
40. It is a periodic interest payment that
A. P144,832.94 the bondholder receives during the
B. P144,382.94 time between purchase date and
C. P411,461.66 maturity date.
D.P411,641.66
A. Bonds C. Dividend
36. It is a form of equity financing or B. Coupon D. Face Value
raising money by allowing investors to
be part owners of the company.
41. If the price of bond is less than the
amount payable on the maturity date,
A. Bonds C. Stocks
then the bond purchased at:
B. Dividend D. Stock Market
A. a discount
37. It is a share in the company’s profit. B. a premium
C. face value
A. Bonds C. Stocks D. cannot be determined without
B. Dividend D. Stock Market more information
38. A certain financial institution declared a For numbers 42-45, consider the
P30,000,000 dividends for the common situation below
stocks. If there are a total of P700,000
52- 52-
shares of common stock, how much is WK WK STOCK DIV YLD% VOL(100s) CLOSE NETCHG
the dividend per share? HI LO
75 65 JJJ 2.5 2.8 1500 70 2
A. P42.86 C. P46.82 34 23 KKK 1.7 1.75 1200 28 -3
B. P46.28 D. P48.26
Gamut, Tago, Surigao del Sur
214-6135
(0946)4669-560I (0907)2739-041I (0938)-5092-655I (0938)2568-540
[email protected] Republic of the Philippines
Department of Education
Caraga Region
SCHOOLS DIVISION OF SURIGAO DEL SUR
TAGO II DISTRICT
42. What was the lowest price of the 47. Mr. Lim wants to have another branch
stock for the last 52 weeks? for his cellphone repair shop. He
decided to apply for a loan that he can
A. JJJ: 65 and KKK: 34
use to pay for the rentals of the new
B. JJJ: 75 and KKK: 23
C. JJJ: 75 and KKK: 34 branch. Is an example of?
D. JJJ: 65 and KKK: 23
A. Business Loan C. Collateral
43. What was the dividend per share last B. Consumer loan D. Mortgage
year?
48. Mrs. Alonzo decided to take her family
A. JJJ: 1.7 and KKK: 2.5
for a vacation. To cover the expenses,
B. JJJ: 2.8 and KKK: 1.75
C. JJJ: 2.5 and KKK: 1.7 she decided to apply for a loan. Is an
D. JJJ: 1.75 and KKK: 2.8 example of?
44. What was the closing price in the last A. Business Loan C. Collateral
trading day? B. Consumer loan D. Mortgage
A. JJJ: 70 and KKK: 28
B. JJJ: 28 and KKK: 70 49. It is an assets used to secure the loan.
C. JJJ: 2.5 and KKK: 1.7 It may be a real-state or other
D. JJJ: 1.75 and KKK: 2.8 investments.
45. What was the closing price the day A. Business Loan C. Collateral
before the last trading day? B. Consumer loan D. Mortgage
A. JJJ: 68 and KKK: 31
50. Mr. and Mrs. Craig wants to borrow
B. JJJ: 68 and KKK: 25
C. JJJ: 72 and KKK: 25 money from the bank to finance the
D. JJJ: 72 and KKK: 31 college education of their son.
46. Which of the statements is CORRECT A. Business Loan C. Collateral
in describing the business loan? B. Consumer loan D. Mortgage
A. Money lent for the sole purpose of
having or improving a business.
B. Money lent for any purpose in
improving or mitigating personal
agenda.
C. Money lent by an individual for the
purpose of personal necessity or
family purpose.
D. Money lent by an individual for the
purpose of investment to real-state
or to secure the assets of the
business.
Gamut, Tago, Surigao del Sur
214-6135
(0946)4669-560I (0907)2739-041I (0938)-5092-655I (0938)2568-540
[email protected]
