Republic of the Philippines
Region IX, Zamboanga Peninsula
DIVISION OF ZAMBOANGA DEL SUR
Dulop National High School
Dulop, Dumingag, Zamboanga del Sur
General Mathematics 11
2nd QUARTER EXAMINATION
Name: __________________________________________ Section: __________________ Score: ________
Direction: Choose the letter of the best answer. Write the chosen letter on space provided before the item.
_____ 1. Which of the following is about simple interest?
a. Interest that is computed on the principal and then added to it.
b. Interest is computed on the principal and also on the accumulated past interests.
c. Amount after t years that the lender receives from the borrower on the maturity date.
d. Date on which money is received by the borrower.
_____ 2. Which of the following is about compound interest?
a. Interest that is computed on the principal and then added to it.
b. Interest is computed on the principal and also on the accumulated past interests.
c. Amount after t years that the lender receives from the borrower on the maturity date.
d. Date on which money is received by the borrower.
_____ 3. Which of the following is the formula of interest?
a. I = (P + R) T b. I = P + 1 c. I = P(1 + R) d. I = PRT
FOR ITEM NO. 4-6
Teresa borrowed ₱120 000.00 from her uncle. If Teresa agreed to pay an 8% annual interest rate,
calculate the amount of interest she must pay if the loan period is (4.) 1 year, (5.) 9 months, and (6.) 18 months.
_____ 4. 1 YEAR
a. I = 9,700.00 b. I = 9,800.00 c. I = 9,600.00 d. I = 9,650.00
_____ 5. 9 MONTHS
a. I = 7,200.00 b. I = 7,250.00 c. I = 7,600.00 d. I = 7,650.00
_____ 6. 18 MONTHS
a. I = 9,700.00 b. I = 9,800.00 c. I = 14,600.00 d. I = 14,400.00
FOR ITEM NO. 7-11 VOCABULARY
Ana deposits in a savings account and leaves it there for 5 years to accumulate interest at 9%
compounded semi-annually. Give the term for each value in relation to the problem.
7. What do you called ₱100 000.00 in the paragraph?
a. time b. principal c. amount of interest d. interest
8. What do you called 5 years in the paragraph?
a. time b. principal c. amount of interest d. rate of interest
9. What do you called 4.5% in the paragraph?
a. time b. principal c. amount of interest d. rate of interest
10. What do you called ₱155 296.94 in the paragraph?
a. time b. maturity value c. amount of interest d. amount of interest
11. What do you called ₱55 296.94 in the paragraph?
a. time b. maturity value c. amount of interest d. amount of interest
b.
A. FILL IN THE BLANK.
1. An ___________________________ is a single sum of money that grows with interest over time to a larger
sum.
2. When a credit card company quotes an annual rate of 10% compounded monthly, the EAR will be
___________________than the quoted rate.
3. If a person wants to know what an amount deposited today at 4% will be worth in 4 years, he is asking
its________________________ value.
4. An _______________________ annuity has payments that occur at the end of the time periods
5. Debt is ________________________ when the principal is paid off during the life of the loan.
6. When a person wants to know what he must deposit today so that in 5 years he will have $5,000, he is asking
its ___________________ value.
7. Preferred stock is valued as a ________________________.
8. ______________________are specially designated funds into which the company deposits money so that a
bond can be paid off at maturity.
9. A dollar received today is worth _______________ than a dollar received one year from today.
10. _________________________ is earning interest on previously earned interest.
III. Complete the table by finding the simple interest.
