2nd Quarterly Examination
General Mathematics – Grade 11
1. It refers to the interest that is computed on the principal and then added to it?
a. Simple interest b. Compound interest c. Simple annuity d. Future value
2. What do you called to the amount paid or earned for the use of money?
a. Principal b. Interest c. Rate d. Maturity amount
3. It is the amount of money borrowed or invested on the origin date?
a. Principal b. Interest c. Time d. Maturity amount
4. Angel invested a certain amount at 8% simple interest rate per year. After 6 years, the interest she received
amounted to P48,000. How much did she invest?
a. P10,000 b. P100,000 c. P1,000,000 d. P1,000
5. It refers to the amount of money after the term end.
a. Maturity Value b. Present Value c. Middle value d. No value
FOR NUMBER 11-12: Miko borrowed P25, 000 at 10% annual simple interest rate.
How much should he pay after 3 years?
6. What is asked in the problem?
a. How Much is the future value? c. what is the amount of principal?
b. what is the rate of the interest? d. how long will it take the money to grow?
7. How much should he pay after 3 years?
a. P 35200.00 b. P 32500.00 c. P 53200.00 d. P 23500.00
8. What do you call to a person who invest the money?
a. Creditor b. debtor c. Rich d. Poor
9. It refers to an interest that is on the principal and also on the accumulated past interests?
a. Simple interest b. Compound interest c. Simple annuity d. Future value
10. Which of the following is correct in computing the future value in compound interest?
a. F=P ( 1+ r )t b. F=P(1+rt ) c. F=( P+r )t d. F=P+ Prt
FOR NUMBER 11-13: What is the interest of P25,000 if invested at 6% compounded annually in 3 years?
11. What is 6 % in decimal form?
a. 0.6 b. 00.6 c. 0.06 d. 0.006
12. How much is the maturity value?
a. P29, 775.4 b. P29, 577.4 c. P29, 557.4 d. P29, 755.4
13. How much is the interest?
a. P7,475.4 b. P4775.4 c. P7,745.4 d. P5,477.4
FOR NUMBER 14-15: Mr. Bautista aims to have his investment grow to P500,000 in 4 years. How much
should he invest in an account that pays 5% compounded annually?
14. In the given, what is P500,000?
a. Principal b. Future value c. Interest d. Loan
15. How much should he invest in an account that pays 5% compounded annually?
a. P411 315.24 b. P413 511.24 c. P411 351.24 d. P411 531.24
16. It refers to the amount of each payment?
a. Periodic payment b. annuity c. loan d. interest
17. What type of annuity in which the payments are made at the end of each payment interval?
a. simple annuity b. ordinary annuity c. annuity due d. general annuity
18. Which of the following correct formula in computing the monthly payment of future value of a certain loan?
P P F P
R= R= R= R=
[ ] [ ] [ ] [ ]
−n n −n
a. 1− (1+ j ) b. 1− (1+ j ) c. 1− (1+ j ) d. ( 1+ j )n −1
j j j j
1
FOR NUMBER 19-20 the monthly payment of the future value of P50,000 for 1 year
with an interest rate of 10% compounded monthly.
19. What is the annual interest rate?
a. 0.0833 b. 0.00833 c. 0.833 d. 0.1
20. How much is the monthly payment?
a. P3,997.13 b. P3,979.13 c. P3,799.13 d. P7,399.13
Part II: Answer the following problems. Write your complete solutions. (5pts each)
1. Find the simple interest on a loan of ₱72,000 if the loan is given at a rate of 8% and is due in 4 years and 6
months?
2. How much money will you have after 6 years if you deposited ₱27,000.00 in a bank that pays 12% simple
interest?
3. In a certain bank, Justine invested ₱84,000.00 in a time deposit that pays 0.6% compounded annually.
How much will be his money after 5 years?
4. Find the interest on 25,000.00 for 2 years at 8% compounded quarterly?
5. A high school student would like to save P60,000 for his graduation. How much should he deposit in a
savings account every month for 6 years if interest is at 5% compounded monthly?
“The only way to LEARN Mathematics is to DO Mathematics.”
