FREE DOWNLOAD SECOND QUARTER EXAM in General Mathematics School Year 2022-2023
FREE DOWNLOAD SECOND QUARTER EXAM in General Mathematics School Year
2022-2023
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SECOND QUARTER EXAM in GENERAL MATHEMATICS
School Year 2022-2023
Name: _______________________________________ Date:____________________
Grade &Section:_______________________________ Score:___________________
General Directions: Read the following questions thoroughly and choose the correct answer from the given choices. Write legibly the LETTER of your correct answer on the blank provided before each number.
______1. What interest remains constant throughout the investment term?
A. Simple C. Annuity due
B. Compound D. Ordinary annuity
______2. It is an interest computed based on the principal amount.
A. Simple C. Annuity due
B. Compound D. Ordinary annuity
______3. What is the difference between simple and compound interest?
A. Simple yields higher interest than compound interest.
B. Simple interest has a shorter term than compound interest.
C. Simple interest is always better than compound interest.
D. Simple interest is computed based on the principal while
compound interest is computed based on the principal and also
on the accumulated past interests.
______4. If you would like to invest money, which bank offer would you prefer if
you do not plan to withdraw your money in 2 years?
A. 5% simple interest per annum
B. 4% compounded interest per annum
C. 3% compounded interest semi-annually
D. 2% compounded interest quarterly
______5. Which of the following statement is true about the borrower or debtor?
A. It is the amount of money borrowed or invested on the origin date.
B. It is the interest is computed on the principal and also on the
accumulated past interests
C. It refers to the person (or institution) who owes the money or avails of
the fund from the lender.
D. It refers to the person (or institution) who invests the money or makes
the funds available.
______6. Which of the following statements is/are true?
I. Compound interest of a loan favors the borrower.
II. Simple interest remains constant throughout the investment term.
III. In compound interest, the interest from the previous year also earns
interest.
A. I only C. II and III
B. I and II D. I and III
______7. Which of the following formula can be used to solve for the simple interest?
A. I = Prt C. A= P(1 + rt)
B. SI = Prt/100 D. All of the above
______8. It is an amount after t years that the lender receives from the borrower on
the maturity date.
A. Loan date C. Maturity value
B. Maturity date D. Term
______9. Which of the following describes time or term?
A. It is the date on which money is received by the borrower.
B. It is the amount paid or learned for the use of money.
C. It is the date of which the money borrowed or loan is to be completely repaid
D. It is the amount of time in years the money is borrowed or invested; length of timE
between the origin and maturity dates
______10. In the formula, I= Prt, what is r?
A. Revenue C. Repaid
B.Real value D. Rate of interest
______11. It is the amount of money borrowed or invested on the origin date.
A. Future value C. Maturity value
B. Pprincipal value D. Repayment value
______12. A person (or institution) who invests the money or makes the funds available.
A. Lender C. Both a and b
B. Creditor D. None of the choices.
______13. It refers to an interest that is computed based on the principal and interest
accumulated every conversion period.
A. Simple C. annuity due
B. Compound D. Ordinary annuity
______14. It refers to the amount after t years that the lender receives from the borrower
on the maturity date?
A. Present value C. Interest
B. Future value D. Ordinary annuity
______15. Which interest is computed on the principal and then added to it?
A. Simple C. Annuity due
B. Compound D. 0rdinary annuity
______16. The simple interest formula is I = Prt. What does the t represent?
A. Principle C. Interest
B. Time D. Percent rat
______17. All of the following are used to find simple interest, EXCEPT?
A. Principal C. Time
B. Rate of interest D. Future value
______18. It is the amount after t years that the lender will receive from the borrower.
A. Future Value C. Interest
B. present Value D. Principal
______19. Which of the following describes rate (r)?
A. It is the amount of money borrowed or invested on the origin date.
B. It is the amount paid or earned for the use of money.
C. It is charged by the lender, or rate of increase of the investment
D. It is computed on the principal and also on the accumulated past interests.
______20. Rate of interest must be converted into ________ before substituting to the
formula of finding the interest.
A. Fractions C. Mixed numbers
B. Decimals D. Percentage
______21. The principal in the formula I = Prt is ___________________.
A. The amount of money borrowed or deposited
B. The percent interest for his year
C. The amount taxed
D. The amount the bank owes you for being a customer at their bank
______22. The interest from the previous year also earns interest, which of the following
describes the statement?
A. Simple C. Rate
B. Compound D. Time
______23. Variable P in simple interest formula when you are the creditor stands for?
A. Original Amount borrowed C. Maturity Amount Borrowed
B. Original Amount invested D. Maturity Amount invested
______24. The following statements are true EXCEPT ________.
A. The amount invested to a compounded interest yields to greater
maturity value than to a simple interest.
B. The amount borrowed from a simple interest yields to a smaller
maturity value than a compound interest
C. The simple interest yields interest only from initial principal amount.
D. The interest in a compound account yields interest only from initial
principal amount.
______23. Compound interest is favorable to the following except?
A. Investor of a retirement fund
B. Person who saves in bank
C. Investor of stocks
D. Borrower of a loan
______24. Which of the following will yield a higher interest?
A. Investing in a bank that offers a simple interest rate of 10% annually for 2 years
B. Investing in a cooperative that offers an interest rate of 10% compounding annually
for 2 years
C. Saving money in a piggy bank for 2 years
D. Both A and B
______25. What interest is computed on the principal and also on the accumulated past
interests?
A. Simple C. Annuity due
B. Compound D. Ordinary Annuity
______26. If the investment amounting to ₱35,000 earned an interest of ₱2,500 how much
will be the maturity value?
A. ₱32,500 C. ₱30,000
B. ₱37,500 D. ₱40,000
______27. Given that P = ₱5,250, r = 1.25% and t = 5 years, find the simple interest.
A. ₱32,812.50 C. ₱328.13
B. ₱3,281.25 D. ₱32.82
______28. What is the frequency of conversion if the annual rate is compounded quarterly?
A. 2 C. 4
B. 3 D. 12
______29. If the interest rate is 5% compounded monthly, what is the interest rate per
conversion period?
A. 2.5% C. 1.25%
B. 1.67% D. 0.42%
______30. Given that 𝐼𝐼𝑠𝑠=750, r = 5% and t = 3 years, what is the principal or present
value?
A. ₱50 C. ₱5.000
B. ₱500 D. ₱50,000
______31. If F = ₱25,000 and P = ₱20,000, how much is the compound interest?
A. ₱45,000 C. ₱20,000
B. ₱25,000 D. ₱5,000
For numbers 11 – 12, use the following values: F = 40,000, t = 3 ½ years, 𝑖4=0.10 and m= 4
______32. What is the present value?
A. ₱30, 000.25 C. ₱25, 307.15
B. ₱28, 309.09 D. ₱20, 432.75
______33. How much is the compound interest?
A. ₱9,999.75 C. ₱14,692.85
B. ₱11,690.91 D. ₱19,567.25
______34. If the maturity value is ₱23,000 and the compound interest is ₱3,500, how much is the present value?
A. ₱26,500 C. ₱19,500
B. ₱23,000 D. ₱15,000
For numbers 14 – 15, use the following values: P = ₱15,000, 𝑖12=5%, t = 4 years, m = 12.
______35. How much is the maturity value?
A. ₱18, 313.43 C. ₱16, 313.37
B. ₱17, 413.37 D. ₱15, 413.43
______36. How much is the compound interest?
A. ₱413.43 C. ₱2,413.37
B. ₱1,313.37 D. ₱3, 313.43
______37. Which of the following described to formula 𝐼𝑠=Prt ?
A. Simple interest C. Present value
B. Compound interest D. Maturity value
______38. What will you get if you divide the simple interest by the product of the rate and time?
A. Present value of compound interest
B. Present value of simple interest
C. Maturity value of compound interest
D. Maturity value of simple interest
______39. If the investment amounting to ₱45,000 earned an interest of ₱3,500 how much will be the maturity value?
A. ₱41,500 C. ₱40,000
B. ₱48,500 D. ₱25,000
______40. Given that P = ₱15,250, r = 3.25% and t= 3 years, find the simple interest.
A. ₱24,868.80 C. ₱1,486.88
B. ₱14,868.80 D. ₱148.69
______41. Given that P = ₱20,820, r = 2,1/4% and t = 9 months, find the simple interest.
A. ₱ 351.34 C. ₱ 4,216.05
B. ₱ 3513.38 D. ₱ 42160.50
______42. What is the frequency of conversion if the annual rate is compounded
monthly?
A. 2 C. 4
B. 3 D. 12
______43. If the interest rate is 12% compounded quarterly, what is the interest rate per conversion period?
A. 3% C. 1.25%
B. 2.5% D. 0.42%
______44. Given that 𝐼𝑠=3,750, r = 2 ½ % and t = 3 years, what is the principal or present value?
A. ₱500 C. ₱50,000
B. ₱5,000 D. ₱500,000
______45. Given that F = ₱50,000 and P = ₱35,000 how much is the compound interest?
A. ₱15, 000 C. ₱35,000
B. ₱25,000 D. ₱45,000
For numbers 11 – 12, use the following values: F = 150,000, t = 6 years, 𝑖2=5% and m= 2
______46. What is the present value?
A. ₱100,353.83 C. ₱123,153.83
B. ₱111,533.38 D. ₱132,531.38
______47. How much is the compound interest?
A. ₱49646.17 C. ₱26846.17
B. ₱38466.62 D. ₱17468.62
______48. If the maturity value is ₱50,000 and the compound interest is ₱3,500, how much is the present value?
A. ₱53,500 C. ₱46,000
B. ₱46,500 D. ₱3,000
For numbers 14 – 15, use the following values: P=₱150,000, 𝑖2=6%, t=4 years, m=2
______49. How much is the maturity value?
A. ₱190, 015.51 C. ₱167, 313.51
B. ₱179, 413.35 D. ₱159, 413.35
______50. How much is the compound interest?
A. ₱9,413.35 C. ₱29,413.35
B. ₱17,313.51 D. ₱40,015.51
______51. How much money will Michael add on his funds for his new business?
A. ₱ 459.38 C. ₱ 6,000.00
B. ₱ 4,593.75 D. ₱ 60,000.00
______52. How much will he need to pay after 5 years?
A. ₱ 5,709.38 C. ₱ 11,250.00
B. ₱ 9,843.75 D. ₱ 65,250.00
______53. If Michael borrowed the same amount of money payable for the same number of years and Castañas Cooperative Bank offered a promo as part of its anniversary celebration and make all the interest loans 1.25%, how much interest must be paid?
A. ₱ 3,750.00 C. ₱ 63,750.00
B. ₱ 37,500.00 D. ₱ 70,000.00
______54. How much will he need to pay after 6 years if he availed the promo?
A. ₱ 64,500.00 C. ₱ 70,000.00
B. ₱ 65,250.00 D. ₱ 74,500.00
For numbers 6 – 10 use the problem below.
Gerson Joseph has ₱ 300,000.00 to invest at 1.12% compounded quarterly.
______55. What is the total number of compounding frequency if the investment matures after 6 years?
A. 4 C. 10
B. 6 D. 24
______56. How much is the interest rate per conversion period?
A. 1.12% C. 0.28%
B. 0.19% D. 0.05%
______57. How much is the maturity value of his investment in 4 years?
A. ₱ 300,000.00 C. ₱ 466,671.30
B. ₱ 313,725.96 D. ₱ 467,476.38
______58. How much is the compound interest after 4 years?
A. ₱ 3,000.00 C. ₱ 16,671.30
B. ₱ 13,725.96 D. ₱ 16,746.38
______59. How much is the additional interest earned if instead of 4 years the investment matures after 6 years?
A. ₱ 7,096.72 C. ₱ 20,822.68
B. ₱ 13,725.96 D. ₱ 34,548.64
______60. What is referred to as a fixed sum of money paid to someone at regular intervals,subject to a fixed compound interest rate?
A. Compound interest C. Annuity
B Simple interest D. Annuity certain
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