Name:_______________Program & Year:___________ Date:_____Score:______
Assessment in Mathematics of Investment
Test I: Multiple Choice
Direction: Read and analyze each item carefully, select the answers from the
choices provided. Encircle your chosen answer to each item, and ensure you answer
all the questions.
1. It is the formula for exact interests.
a. Ie=PRT b. I=PRT
c. Ie=RTP d. I=PT
2. It is the formula for ordinary interests.
a. I=PRT b. Io=PRT
c. I=PT d. Io=RTP
3. It is an interest that is calculated on a 365-day year.
a. Exact Interest b. Ordinary Interest
c. Compound Interest d. Simple Interest
4. What are the two methods used in finding the number of days from one date
to another?
a. Chair and Table Counting b. Manual and Table Counting
c. Hand and Feet Counting d. Solve and Memorize
5. It is an interest that is calculated on a 360-day year.
a. Exact interest b. Ordinary Interest
c. Interest d. Simple interest
6. What is the formula used in finding the interest if the time is in years?
a. I=PR b. I=PT
c. I=PRT d. I=RT
7. What is 16% of 1500?
a. 230 b. 250
c. 240 d. 260
8. What are the two other methods in finding the days from one date to another?
a. Finger and feet method b. Knuckle and Ryhme method
c. Hands and feet methods d. Rhyme and hands method
9. What is 15% of 1500?
a. 225 b. 255
c. 252 d.522
10. What is the ordinary interest if he loan $10000 at 2% per annum for 120 days?
a. 45.67 b. 64.67
c. 54. 67 d. 66.67
11. What is the exact interest if he loan $3000 at 3% per annum for 60 days?
a. 14. 79 b. 15.17
c. 14. 90 d. 16.7
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12. Given the principal $8000; time 8 months; rate 12% annually, what is the
Maturity Value?
a. 8, 640 d. 10, 457
c. 8, 798 d. 10, 657
13. Given the principal $16000; time 4 years; rate 7%, what is the Maturity Value?
a. 19, 345 b. 20, 480
c. 20, 234 d. 23, 890
14. Given the principal $ 1100; time 2 years and 3 months; rate 6% annually,
what is the Maturity Value?
a. 1, 248.5 b. 1, 569.5
c. 1, 356.5 d. 10, 679.5
15. It is denoted with R in finding the present value.
a. Rate b. Resistance
c. Resilient d. Result
16. It is denoted with P in finding the present value.
a. People b. Principal
c. Period d. Principle
17. It is denoted with T in finding the present value.
a. Teacher b. Time
c. Technology d. Training
18. In finding the present value, what is the formula of principal?
a. P=I/RT b. P=R/TI
c. P=R/I d. P=T/RI
19. In finding the present value, what is the formula of time?
a. T=I/RP b. T=P/R
c. T=P/IR d. T=R/IP
20. What M stands for?
a. Malfunction b. Monthly
c. Maturity d. Months
21. It is the formula in finding the rate.
a. R=1/Px100 b. R=1/T
c. R=1/PTx100 d. R=1/Tx100
22. In finding the maturity value, what I stands for?
a. Interconnection b. Interest
c. Interesting d. Internet
23. How many days are there between February 20, 2021 and October 12, 2021
using manual counting?
a. 156 days b. 345 days
c. 235 days d. 367 days
24. How many days are there from December 26, 2022 to July 13, 2023 using the
table?
a. 145 days b. 187 days
c. 167 days d. 199 days
