Republic of the Philippines
Department of Education
REGION XII - SOCCSKSARGEN
SCHOOLS DIVISION OF SOUTH COTABATO
KUSAN NATIONAL HIGH SCHOOL
KUSAN, BANGA, SOUTH COTABATO
SECOND QUARTER
Test
in
GENERAL MATHEMATICS
Name: _________________________________________ Section: ______________
Direction: Choose the letter of the best answer and write your answer in the space given
before each number.
_____ 1. This refers to the accumulated amount obtained by adding the principal and the compound
interest.
A. Compound amount B. Compound interest
C. Present value D. Simple interest
_____ 2. The following are problems involving simple interest, which is NOT?
A. A bank offers 1.5% annual simple interest rate for a particular deposit. How much interest
will be earned if 1 million pesos is deposited in this savings account for 1 year?
B. Ricky borrowed ₱25,000.00 and paid ₱1,250.00 interest for 6 months. What was the rate of
interest?
C. How long in years will it take for ₱17,300.00 to amount to ₱20,000.00 at 11.25% simple
interest?
D. At what rate of interest compounded semi-annually will ₱14,300.00 accumulate to
₱17,000.00 in 2 years and 6 months?
____ 3. This refers to the interest charged on the principal alone for the entire duration or period of
the loan or investment.
A. Compound interest B. Future value
C. Interest rate
D. Simple interest
_____ 4. Melvin availed of a loan from a bank that gave him an option to pay P20,000 monthly for 2
years . The first payment is due after 4 months. How much is the present value of the loan if the
interest rate is 10% converted monthly?
A. ₱422,795.78
B. ₱422,759.78
C. ₱422,579.78
D. ₱422,597.78
_____ 5. How much was the interest if Althea invested ₱30,400.00 and received a total of ₱40,300.00
at the end of the term?
A. ₱9,900.00
B. ₱30,400.00
C. ₱40,300.00
D. ₱70,700.00
_____ 6. What is the total number of conversion periods when a certain amount is borrowed at 5.5%
compounded quarterly for 4 years?
A. 4
B. 12
C. 16
D. 22
____ 7. Which of the following is the amount after t years that the lender receives from the borrower
on the maturity date equal to the sum of principal and the interest earned?
A. Maturity Value
B. Present Value
C. Interest rate D. Simple interest
____ 8. Edgardo invested ₱15,600.00 at 10.25% interest rate. How long will take for his investment
to earn an interest of ₱5,055.00?
A. 0.32years
B. 3.16years
C. 6.29years
D. 30.11years
____ 9. Jamaica made a loan of ₱20,450.00 from a bank that charges 3% simple interest. How much
must he pay the bank after 2 years?
A. ₱1,227.00
B. ₱21,677.0
C. ₱32,720.00 0
D. ₱42,127.00
____ 10. ABC University anticipates additional expenses of ₱367,800.00 for a new equipment
needed for offering a new course 5 years from now. How much should be invested in an account that
earns12% compounded monthly?
A. ₱62,427.83
B. ₱165,344.63
C. ₱202,455.37
D. ₱668,181.05
Address: Purok Kahirup, Kusan, Banga
Telephone Number: (083)XXX-XXXX
Email Address: 316722@deped.gov.ph
Republic of the Philippines
Department of Education
REGION XII - SOCCSKSARGEN
SCHOOLS DIVISION OF SOUTH COTABATO
KUSAN NATIONAL HIGH SCHOOL
KUSAN, BANGA, SOUTH COTABATO
____ 11. If rate of interest is use for simple interest computation, what about in compound interest?
A. Nominal rate
B. Simple rate
C. Future rate
D. Interest rate
_____12. The sum of all present values of all the payments to be made during the entire term of
the annuity.
A. Periodic Payment
B. Time of an Annuity
C. Future Value of an annuity
D. Present Value of an annuity
____ 13. The following problems are example of general annuities which is NOT?
A. Cris started to deposit P1,000 monthly in a fund that pays 6% compounded quarterly. How
much will be in the fund after 15 years?
B. Ken borrowed an amount of money from Kat. He agrees to pay the principal plus interest by
paying P38, 973.76 each year for 3 years. How much money did he borrow if the interest is
8% compounded quarterly
C. Mr. Ribaya received two offers on a lot that he wants to sell. Mr. Ocampo has offered
P50,000 and a P1million lump sum payment 5 years from now. Mr. Cruz has offered P50,000
plus P40,000 every quarter for five years. Compare the fair market value of the two offers if
money can earn 5% compounded annually. Which offer has a higher market value?
D. To start a business, Jake wants to save a certain amount of money at the end of every month
to put in an account providing 2% interest compounded monthly. His estimated start-up
capital is P150,000. If he wants to start a business in 1.5 years, how much monthly deposit
must he put into the account?
____ 14. It is an annuity where the payment interval is the same as the interest period.
A.) Simple Annuity
B.) General Annuity C.) Annuity Certain D.) Contingent annuity
_____ 15 . A teacher saves P5,000 every 6 months in the bank that pays 0.25% compounded
monthly. How many times do the teacher needs to deposit her savings in ayear?
A.) 12
B.) 6
C.) 4
D.) 2
___ 16. What is the future value of an ordinary annuity with a regular payment of P1,000 at 5%
interest rate compounded quarterly for 3 years.
A.) P12,806.63 B.) P12,860.36
C.) P12,860.63
D.) P12,806.36
___ 17. A cash flow (payment stream) on a particular date refers to a single amount that is equivalent
to the value of the payment stream at that date.?
A. ) Cash flow
B.) Present Value of a general annuity
C.) Future Value of a general annuity
D.) Economic Value
____18. Which of the following is the particular date in a cash flow payment stream?
A. Focal date
B.) Periodic date
C. Present date
D.) Future date
____ 19. Find the future value of an ordinary annuity with a regular payment of P1,000 at 5% interest
rate compounded quarterly for 3 years.
A.) P12,806.63
B.) P12,860.36
C.) P12,860.63
D.) P12,806.36
___20. Suppose you are paying P1,000 at 5% interest rate compounded quarterly with an ordinary
annuity and you wanted to know the total amount money you will received after 3 years.What
computation are you going to apply?
A. ) Cash flow
B.) Present Value of a general annuity
C.) Future Value
D.) Economic Value
____ 21. Find the present value of an ordinary annuity with regular quarterly payments worth P1,000
at 3% annual interest rate compounded quarterly at the end of 4 years.
A.) P15,024.31
B.) P15,204.31
C.) P15,402.31
D.) P15,420.31
___ 22. It is a sequence of payments made at equal (fixed) intervals or periods of time.
A.) Future Value of an annuity
B.) Present Value of an annuity
Address: Purok Kahirup, Kusan, Banga
Telephone Number: (083)XXX-XXXX
Email Address: 316722@deped.gov.ph
Republic of the Philippines
Department of Education
REGION XII - SOCCSKSARGEN
SCHOOLS DIVISION OF SOUTH COTABATO
KUSAN NATIONAL HIGH SCHOOL
KUSAN, BANGA, SOUTH COTABATO
C.) Annuity
D.) Periodic Payment
___ 23. It is an annuity that does not begin until a given time interval has passed.
A.) Period of Deferral
B.) Deferred Annuity
C.) Present value of a deferred annuity
D.) Contingent annuity
___ 24. Mariel purchased a smart television set through the credit cooperative of their company. The
cooperative provides an option for a deferred payment. Mariel decided to pay after 2 months of
purchase. Her monthly payment is computed as P3,800 payable in 12 months. How much is the cash
value of the television set of the interest rate is 12% convertible monthly?
A. 41,382.00
B. 41,283.00 C. 41,328.00
D. 41,238.00
___ 25. Given that Melvin availed a loan from a bank that gave him an option to pay P20,000
monthly for 2 years . The first payment is due after 4 months with the interest rate of 10%. If he
wanted to know the present value of his loan, what formula is he going to apply?
A. P = (1 + i/m)-km R [1-(1+i/m)-mt//i/m]
C. P = [1-(1+i/m)-mt//i/m] R(1 + i/m)-km
i
-km
i
-mt/ i
B. P = 1- (1 + /m) R [ (1+ /m) / /m]
D. P = (1 + i/m)-km R [(1+i/m)-mt//i/m]
___ 26. Mariel purchased a smart television set through the credit cooperative of their company. The
cooperative provides an option for a deferred payment. Mariel decided to pay after 2 months of
purchase. Her monthly payment is computed as P3,800 payable in 12 months. She wanted to know
how much is the cash value of the television set of the interest rate is 12% convertible monthly, what
is the best thing she would do to know the price?
A. Make a computation on the present value of the deferred annuity.
B. Make a computation on the period of deferral
C. Make a computation on the regular payment
D. Make a computation on compounding periods.
___ 27. Given that Melvin availed a loan from a bank that gave him an option to pay P20,000
monthly for 2 years . The first payment is due after 4 months with the interest rate of 10%. If he
wanted to know the present value of his loan, what is the best thing he would do?
A. Make a computation on the present value of the deferred annuity.
B. Make a computation on the period of deferral
C. Make a computation on the regular payment
D. Make a computation on compounding periods.
___ 28. What is the meaning of k in the deferred annuity formula?
A. Period of Deferral B. Period of payment C. Compounding period
D. Loan Term
___ 29. Which of the following symbols stands for interest rate in the deferred annuity?
A. r
B. i
C. k
D. m
___ 30. Given that the annual payments of P2, 500 for 24 years that will start 12 years from now.
What is the period of deferral in the deferred annuity?
A. 12 periods
B. 10 periods
C. 11 periods
D. 13 periods
____ 31. Kyla has an annual payments of 20,000.00 for her 5-year loan which will start 4
months from now. She wanted to know the period of deferral for her loan, what is the best
thing she will do?
A. divide 4 by 12
B. divide 12 by 4
C. divide 4 by 5
D. divide 5 by 12
_____ 32.A quarterly payment of 300 for 9 years will start 1 year from now, what is its period of
deferral?
A. 8periods
B. 7 periods
C. 6 periods
D. 5 periods
_____ 33. Find the present value of a 2-year deferred annuity at 4% interest compounded quarterly
with payments of P1,000 made every quarter for 3 years.
A. 10,120.00
B. 10,210.00
C. 11,020.00
D. 12,010.00
____ 34. It is a share in the ownership of a company.
A. . Stocks
B. Bond
C. Share
D. Stock Market
Address: Purok Kahirup, Kusan, Banga
Telephone Number: (083)XXX-XXXX
Email Address: 316722@deped.gov.ph
Republic of the Philippines
Department of Education
REGION XII - SOCCSKSARGEN
SCHOOLS DIVISION OF SOUTH COTABATO
KUSAN NATIONAL HIGH SCHOOL
KUSAN, BANGA, SOUTH COTABATO
____ 35. Which of the following problems does not involve in Stocks?
A. A certain financial institution declared a ₱30,000,000.00 dividend for the common stocks.
If there are a total of ₱700,000.00 shares of common stock, how much is the dividend per
share?
B. A certain corporation declared a 3% dividend on a stock with a par value of ₱500.00. Mrs.
Lingan owns 200 shares of stock with a par value of ₱500.00. How much is the dividend
she received?
C. Determine the amount of the semi-annual coupon for a bond with a face value of
₱300,000.00 that pays 10%, payable semi-annually for its coupons.
D. Corporation A, with a current market value of ₱52.00, have a dividend of ₱8.00 per share
for its common stock. Corporation B, with a current market value of ₱95.00, gave a
dividend of ₱12.00 per share. Use stock yield ration to measure how much dividends
shareholders are getting in relation to the amount invested.
____ 36. Ms. Claire Garcia bought fifty ₱1,000.00 ACTS bonds at 103. What is her total investment
in ACTS bonds?
A. 55,100.00
B. 51,500.00
C. 50,510.00
D. 51,050.00
____ 37. Investors are guaranteed interest payments and return of their money at the maturity date.
A. Stocks
B. Bond
C. Share
D. Stock Market
____ 38. If a certain financial institution declared a ₱30,000,000.00 dividend for the common stocks,
and there are a total of ₱700,000.00 shares of common stock, how are they going to find the dividend
per share?
A. To find the dividend per share, they have to divide the total dividend by total shares.
B. To find the dividend per share, they have to multiply total dividend by total shares.
C. To find the dividend per share, they have to add total dividend and total shares and. divide
the sum by total number of stock holders.
D. To fund the dividend per share, they have to subtract dividend and total shares and. divide
the sum by total number of stock holders.
_____ 39. It is the measure of the value of a section of the stock market and is computed from the
price of selected stocks.
A. Stock Index
B. Bond Index
C. Market Value
D. Par Value
_____ 40. It is a method of measuring the value of a section of the bond market.
A. Stock Index
B. Bond Index
C. Stock Yield Ratio D. Bond Yield Ratio
_____ 41. Mrs. Lingan owns 200 shares of stock with a par value of ₱500.00. If their company
declared a 3% dividend on a stock with a par value of ₱500.00. How much is the dividend she will
received?
A. 3,000.00
B. 2,000.00
C. 1,500.00
D. 5,000.00
____ 42. If market value is the current price of a stock at which it can be sold what about Price of a
Bond?
A. the price of the bond at a purchase time; denoted by P.
B. the amount payable on the maturity date
C. the per share amount as stated on the company certificate.
D. The periodic interest payment that the bondholder receives during the time between
purchase date and maturity date.
____ 43. If you are a stockholder and you want to know the amount of share you will received after a
year, what is the best computation you will do?
A. Stock yield ratio
B. Par Value C. Coupon rate
D. Dividend per share
_____ 44. Find the yield on ₱1,000.00, 9% ACTS bond priced at 94 plus ₱10 commission.
A. 9.47%
B. 9.45%
C. 9.43%
D. 9.48%
Address: Purok Kahirup, Kusan, Banga
Telephone Number: (083)XXX-XXXX
Email Address: 316722@deped.gov.ph
Republic of the Philippines
Department of Education
REGION XII - SOCCSKSARGEN
SCHOOLS DIVISION OF SOUTH COTABATO
KUSAN NATIONAL HIGH SCHOOL
KUSAN, BANGA, SOUTH COTABATO
_____ 45. It is the current price of a stock at which it can be sold.
A. Stock Market
B. Bond Market
C. Market Value
D. Par Value
_____ 46. Mrs. Go owns 45 bonds with a par value of ₱1,000 each and pays 8 ½ % interest. What
annual income does Mrs. Go get from these bonds?
A. 3,825.00
B. 3,258.00
C. 3,528.00
D. 3,852.00
_____ 47. It is a money lent especially for a business purpose.
A. Business Loan
B. Consumer Loan
C. Collateral
D. Term of the Loan
_____ 48. The following situations involves in personal loan, which is not?
A. Mrs. Lorlie avail a bank loan to buy a car
B. A family decided to apply for a house and lot loan.
C. Mr. Gomez borrowed 100,000,000.00 for the expansion of his rent a car.
D. Ms. Go borrowed money for the expansion of her house.
_____ 49. It is a mortgage on a movable property.
A. Mortgage
B. Chattel Mortgage C. Amortization
D. Amortization Method
_____50. Suppose you borrowed money from the bank for house renovation with your lot as
collateral. What will happen if you cannot pay your loan?
A. The bank will repossess the collateral.
B. The collateral will sell by the bank
C. The management of the bank will call your attention and force you to pay your mortgage.
D. The management of the bank will file you a case
Prepared by:
___________________
MECHELE M. ROCE
Subject Teacher
______________________
Parents Signature
Address: Purok Kahirup, Kusan, Banga
Telephone Number: (083)XXX-XXXX
Email Address: 316722@deped.gov.ph