GENERAL MATHEMATICS

Second Quarter Examination

NAME: __________________________________________________________________ SCORE: __________

I. MULITIPLE CHOICE:
Directions: Read each item very carefully. Encircle the letter that corresponds to the correct answer.

1. It is the amount paid or earned for the use of 9. On a girls 10th birthday, her father started
money. deposited P5, 000 quarterly at the end of each
term in fund that pays 1% compounded
a. interest b. rate monthly. How much will be in the fund on his
c. term d. time daughter’s 17th birthday?

2. It is an interest that is computed on the a. P144, 832.94 c. P144, 238.94

principal and then added to it. b. P144, 823.94 d. P144. 283.94

a. simple interests b. simple annuity 10. It is the share in the ownership of a company.
c. compound interests d. general annuity
a. Stocks b. Loans
3. Two annual rates with different conversion c. Interest d. Bonds
periods that will earn the same compound
amount at the end of the given number of 11. It is the periodic interest payment that the
years. bondholder receives during the time between
purchase date and maturity date.
a. Equivalent Rate c. Rate
b. b. Nominal rate d. Effective Rates a. Dividend b. Coupon
c. Check d. Quotient
4. An investment of $10 000 at the rate of 8% per
annum, compounded quarterly, will reach P14 12. Money lent to an individual for personal or
800 in close to: family purpose.

a. 2 years b. 3 years a. Business Loan b. Consumer Loan

b. c. 4 years d. 5 years c. Market Loan d. Costumer Loan

5. A sequence of payments made at equal or 13. A business loan of P800, 000 is to be repaid in
fixed intervals or periods of time. full after 2 years. What is the amount to be
paid if the effective rate of interests is 8%?
a. interests b. annuity
c. stocks d. bonds a. 933, 102. 00 b. 933, 210. 00
c. 933, 120. 00 d. 933, 201. 00
6. An annuity where the payment interval is not
the same as the interest period. 14. A proposition can be describe using what type
of sentences?
a. simple interests b. simple annuity
c. compound interests d. general annuity a. Imperative Sentences
b. Interrogative Sentences
7. What amount should be deposited in a bank c. Declarative Sentences
account today to grow to P10,000 three years d. Exclamatory Sentences
from today?
15. A proposition formed from simpler propositions
a. P10,000 × 1.260 using logical connectors.
b. P10,000 × 1.260 × 3
c. P10,000 ÷ 1.260 a. Logical proposition
d. P10,000 ÷ 1.080 × 3 b. Compound Proposition
c. Declarative Proposition
8. To pay his debt at 12 % compounded d. Experimental Proposition
quarterly, Ruben for 8 quarterly payments of
P28, 491. 28 each. How much did he borrow? 16. Present value is.
a. the value now of a future amount.
a. 120, 000 b. 200, 000 b. the amount that must be invested now to
b. 220, 000 d. 100, 000 produce a known future value.
c. always smaller than the future value.
 d. all of these. a. dividing the future value by the present value
and looking for the quotient in the future
17. The yearly interest payable on a deposit of value of 1 table.
P250 at 5.5% p.a. simple interest is: b. dividing the future value by the present value
and looking for the quotient in the present
a. P137.50 b. 13.75 value of 1 table.
b. c. P12.50 d. P125.00 c. dividing the present value by the future value
and looking for the quotient in the future
18. An investment of 10 000 to be invested for a value of 1 table.
period of 5 years and compounded quarterly at d. multiplying the present value by the future
3.75% p.a. will have a future value closest to value and looking for the product in the present
which of the following: value of 1 table.

a. 10 480 c. 12 050 25. The monthly rent on an apartment is P950 per

b. 12 020 d. 20 900 month payable at the beginning of each month.
If the current interest is 12% compounded
19. An annuity purchased 15 years ago would monthly, what single payment 12 months in
have some value at this time. The advance would be equal to a year’s rent?
accumulation units may now be converted to
annuity units. What type of annuity is this? a. 10, 801.50 c. 10, 810.50
b. 10, 801.05 d. 10, 810.05
a. Fixed Annuity 26. The Trust Worthy loan company is willing to
b. Fifteen Year Certain lend you 10,000 today if you promise to repay
c. Variable Annuity the loan in six monthly payments of P2,000
d. Taxable Unity each, beginning today. What is the effective
annual interest rate on Trust Worthy's loan
20. Which of the following statements best terms?
characterize the reason for purchasing a
variable annuity, as opposed to a fixed a. 8.0% c. 8.1%
annuity? b. 8.5% d. 8.3%
a. It allows the annuitant a discount on the
cost of the annuity 27. An accountant wishes to find the present value
b. It allows the annuitant to pay off the annuity of an annuity of P1 payable at the beginning of
at different rates throughout the term of the each period at 10% for eight periods. The
contract accountant has only one present value table
c. It allows the annuitant to receive an income which shows the present value of an annuity of
that may P1 payable at the end of each period. To
d. Most insurance companies do not sell fixed compute the present value, the accountant
annuities would use the present value factor in the 10%
column for
21. A TV set is for sale at P13, 499 in cash or on
instalment terms, P2 500each monthly for the a. seven periods.
next 6 months at 9% compounded monthly. If b. eight periods and multiply by (1 + .10).
you were the buyer, what would you prefer c. eight periods.
cash or instalment?. d. d. nine periods and multiply by (1 – .10).

a. Cash, because the cash price is lower than 28. What's the best explanation of a bond?
the cash value.
b. Cash, because the cash value is lower than a. It's an ownership interest in a company
the cash price b. It represents a corporate debt obligation
c. Instalment, because the cash price is c. It represents a government debt obligation
higher than the cash value. d. It’s a debt instrument
d. Instalment, because the cash value is
higher than the cash price 29. This form of theory of efficient market asserts
that all information is incorporated in the price
22. An individual interested in payments from an stocks.
annuity for a short period of time, without a
lifetime guarantee, would choose: a. Weak Form c. Strong Form
a. A variable annuity b. Semi- Weak Form d. Semi- strong Form
b. A life with period certain
c. An annuity certain 30. A consumer loan of P300 000 is to be repaid
d. A refund annuity quarterly for 5 years. If the interests rate is
10% con=verted quarterly. How much is the
23. An amount is deposited for eight years at 8%. quarterly payment?
If compounding occurs quarterly, then the table
value is found at a. 19, 244.14 c. 19, 244. 41
b. 19. 442. 14 d. 19, 422. 41
a. 8% for eight periods.
b. 2% for eight periods. 31. If P5,000 is put in a savings account today,
c. 8% for 32 periods. what amount will be available three years from
d. 2% for 32 periods. today?

24. If the number of periods is known, the interest a. P5,000 ÷ 1.260

rate is determined by b. P5,000 × 1.260
 c. P5,000 × 1.080 × 3 a. Markets efficiently incorporate all public
d. (P5,000 × 1.080) + (P5,000 × 1.166) + information, which consequently renders
(P5,000 × 1.260) beating the market impossible.
b. The stock market in the PH outperforms
Use the following information to answer every other stock market in the world.
questions 32–34. c. Stocks earn a higher return than bonds,
because they are riskier investments.
An amount of P12 000 is invested for a period of d. Included in the S&P500 index.
9 months at 3% p.a. compounded monthly. The
compound interest formula to calculate the future 40. Which of the following option is true?
value of an investment over a period of time is:
a. If the Sun is a planet, elephants will fly
b. 3 +2 = 8 if 5-2 = 7
nT
 R  c. 1 > 3 and 3 is a positive integer
A  P1   d. -2 > 3 or 3 is a negative integer
 100  n 
41. From the following transactions which do you
32. The value of T in the formula would be: think would the use of the present value of an
a. 12 c. 3 ordinary annuity concept be appropriate in
b. 1 d. 9 calculating the present value of the asset
obtained or the liability owed at the date of
33. The value of n in the formula would be: incurrence?
a. 12 c. 3
b. 1 d. 9 a. A capital lease is entered into with the initial
lease payment due one month subsequent to
34. The value of A at the end of the time period the signing of the lease agreement.
would be closest to: b. A capital lease is entered into with the initial
lease payment due upon the signing of the
a. P12 273 c. P12 070 lease agreement.
b. P12 030 d. P15 657 c. A ten-year 8% bond is issued on January 2
with interest payable semiannually on January 2
and July 1 yielding 7%.
d. A ten-year 8% bond is issued on January 2
35. Determine the amount of a semi – annual with interest payable semiannually on January 2
coupon paid for a 3% bond with a face value of and July 1 yielding 9%.
P80, 000 which matures after 15 years.
. 42. Based on your own judgement which of the
a. 2 100 c. 1 200 following will provide evidence against the
b. 3 200 d. 2 300 weak form of the Efficient Market Theory.

36. For the purchase of a farm worth P2 800 000 a. Changes in variance are somewhat
the bank requires 25% down payment, how predictable from past data.
much is the mortgaged amount? b. About 50% of pension funds outperform the
market in any year.
a. 1 690 000 c. 1 609 000 c. Changes in stock prices are random and
b. 1 960 000 d. 1 906 000 unpredictable.
d. No abnormal profits can be made using
technical trading rules
37. Two banks pay simple interest on short- term
43. Let P:If Rommer bowls, Fidel hits a century.
deposits. Bank A pays 5% over 3 years, and
1 ,Q: If Denmark bowls , Rommer gets out on
Bank B pays 5.5% for 2 years. The difference first ball. Now if P is true and Q is false then
2
between the two banks final payout figure, if which of the following can be true?
P10 000 was invested in each account is:
a) Fidel bowled and Rommer got out on first ball
a. P0 c. P 250 b) Fidel did not bowled
b. P125 d. P1375 c) Rommer bowled and Denmark hits a century
d) Rommer bowled and Saurabh got out

38. Paul wishes to invest P10 000 for a period of 5 44. Determine which of the following arguments is
years. Which of the following investments valid?
would be best for him?
a. If the solution turns blue litmus paper red,
a. 6.7% p.a. simple interest then the solution contains acid. The solution
b. 6.75% p.a. compound interest with yearly turns blue litmus paper red.
rests b. Kidnapping is wrong if society disapproves
it. Kidnapping is wrong. So, society
c. 6.5% p.a. compound interest with quarterly
rests disapproves of kidnapping.
c. If I’m not good in mat, then I am not
d. 6.25% p.a. compound interest with intelligent. I am not good in math. Then, I
monthly rests am not intelligent.
d. If overeating cause disease, then it is not
healthy. Overeating does not cause
39. Which of the following is a characterization of disease. So, overeating is healthy.
the Efficient Markets Hypothesis?
45. Using the diagram below determine which of a. p c. q
the following categorical syllogism statements q p
best suit it. ∴p∧q ∴q∧p

b. p → q d. q → p
q p
∴p ∴q

50. Construct an statement using the Fallacy of

Undistributed Middle Term.

a. All cats are animals.

a. All acts of free will are uncaused events, All dogs are animals.
since all mental decisions are uncaused All dogs are cats
events an all acts of free will are mental
decisions. b. Some animals are cats.
b. All free decisions are uncaused happenings. No dogs are cats.
No mental decisions are uncaused
happenings. No mental decisions are free
decisions. Some dogs are not animals.
c. All acts of free will are uncaused events, so c. All persons who seek fulfillment are
no acts of free will are existent things persons who take risks.
because no uncaused events are existent No shy persons are persons who seek
things. fulfillment.
No shy persons are person who take risks.
46. Write a formula to solve the following problem.
A business loan of P650 000 is to be settled by d. All people cherishing living are persons
paying P29, 994.20 monthly in 2 years. If the living excellent lives.
interest rate is 10% converted monthly. How All folks who live well are people cherishing
much is the outstanding balance after 6 living.
payments? All folks who live well are persons living
excellent lives.
𝑃
a. 𝑅= 1−(1+𝑗)−𝑛
𝑗
(1+𝑗)−𝑛
b. 𝐵 = 𝑅
𝑗
𝑃
c. 𝑅= 1−(1+𝑗)𝑛
𝑗
(1+𝑗)𝑛
d. 𝐵 = 𝑅
𝑗

47. If p and q are propositions

p: Your car is out of gas.
q: You can't drive your car.
Express the following proposition
using p and q and logical connectives.
“ If you can't drive your car then it is out of gas.”

a. p
b. p q
c. q p
d. q p
PREPARED BY:
48. Construct a symbolic proposition for the
following statement. AGNES R. RAMO
Subject Teacher
“If you are the Vice President and your aide
is found guilty and you don’t go on the CHECKED:
record, then you will be under a cloud.”

a. ((V ∙ G) ∙ ~R) ⊃ U ETHEL P. FABIA

b. ((V . G) ∙ ~R) ∧ U SHS Focal Person
c. ((V ~ G) ∙ ~R) ⊃ U
d. ((V ~ G) ∙ ~R) ∧ U NOTED:

JUPITER L. PETILLA, Ed.D.

49. Express the following syllogisms in symbols. Principal IV

p: “I will study math” q: “I will study literature”

“I will study math” “I will study literature”
“Therefore, I will study math and literature”