2nd Semester S.Y.

2019-2020

2nd Quarter Examination

GENERAL MATHEMATICS

Name: __________________________________________________________________ Date:___________________

Strand/Yr. & Sec:__________________________________________________________Score:___________________

Test I – Multiple Choice

Direction: Select the correct answer for each of the following questions. Encircle only one answer for each item
corresponding to the letter of your choice.

1. Five (5) is odd and prime. The conjunction is ____

A. True C. note sure
B. False D. All of the above
2. Which of these is the symbol for the statement, “Either Mathematics is fun and interesting or it is boring.”
A. p ˄ q C. p <---> q
B. p v q D. p ----> q
3. It is the amount of money after a certain time of investment.
A. Future Value C. Principal
B. Compound Interest D. Investment
4. It is the amount of time in years the money is borrowed or invested.
A. Rate C. 1 and a half year
B. Time D. None of the above
5. It is the date on which money is received by the borrower.
A. Annually C. Yearly
B. Origin Date D. Maturity Date
6. It is the amount of money borrowed or invested on the origin date.
A. Simple Interest C. Maturity Value
B. Principal D. Compound Interest
7. Which of the following is Simple Interest?

A B
Year Interest Year Interest
1 (10,000) ( .005) (1) 1 (10,000) ( .005) (1)
2 (10,050) ( .005) (1) 2 (10,000) ( .005) (2)
3 (10,100.25) ( .005) (1) 3 (10,000) ( .005) (3)
4 (10,150.75) ( .005) (1) 4 (10,000) ( .005) (4)
5 (10,201.50) ( .005) (1) 5 (10,000) ( .005) (5)

A. Relationship A C. Both A and B

B. Relationship B D. None of the above
8. Based on the choices given on number 7, which of the following is compound interest? (3 pts)
A. Relationship A C. Both A and B
B. Relationship B D. None of the above
9. A person who owes the money or avails of the funds from the lender.
A. Creditor C. Co-maker
B. Debtor D. Borrower
10. It is a date on which money borrowed or loan is to be completely repaid.
A. Interest rate C. Monthly
B. Origin Date D. Maturity Date
11. It is the amount paid or earned for the use of money.
A. Time C. Interest rate
B. Interest D. Percent
13. It has an interest that is computed on the principal and then added to it.
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 A. Simple Interest C. Maturity Value
B. Principal D. Compound Interest
14. It is the money received by a lender from the borrower on maturity date.
A. Future Value C. Principal
B. Compound Interest D. Investment
15. Mr. Raqueño borrowed 60,000 from Mr. Roberonta agreeing on a 2% interest rate to be paid annually for
18 months. On the given situation, identify which of the persons involved is a creditor?
A. Mr. Raqueño C. Both A and B
B. Ms. Roberonta D. None of the Above
16. It has an interest computed on the principal and also on the accumulated past interests.
A. Simple Interest C. Maturity Value
B. Principal D. Compound Interest
17. Dr. Frial deposited money in a bank for 10 years with a 1.2% interest per annum. On the given situation,
identify the amount of principal.
A. 10 years C. 0.012
B. per annum D. None of the Above
18. If you were to invest money at Landbank of the Philippines, what kind of interest will make you more
earnings?
A. Simple Interest C. Maturity Value
B. Principal D. Compound Interest
19. Mr. Caoile has a debt of 5,000 from Mrs. Rabena, who is Mr. Caoile on this situation?
A. Lender C. Receiver
B. Borrower D. All of the Above
20. This is a sequence of payments made at equal (fixed) intervals or periods of time?
A. Simple Interest C. Maturity Value
B. Annuity D. Compound Interest
21. An annuity where the payment interval is the same as the interest period.
A. Simple Annuity C. General Annuity
B. Ordinary Annuity D. Annuity certain
22. An annuity where the payment interval is not the same as the interest period
A. Simple Annuity C. General Annuity
B. Ordinary Annuity D. Deferred annuity
23. Find the present value of an ordinary annuity of P5,000 payable semi-annually for 10 years if money is
worth 6% compounded semi-annually. (3 pts)
A. P74,387.37 C. P84,387.37
B. P134,351.87 D. P143,387.87
24. Find the future value of an ordinary annuity of P5,000 payable semi-annually for 10 years if money is worth
6% compounded semi-annually. (3 pts)
A. P74,387.37 C. P290,076.28
B. P134,351.87 D. P84,387.87
25. Richard started to deposit P1,000 monthly in a fund that pays 6% compounded quarterly. How much will
be in the fund after 15 years? (3 pts)
A. P74,387.37 C. P290,076.28
B. P134,351.87 D. P84,387.87
26. Ilocos Sur National High School Cooperative offers 0.25% 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? (3
pts)
A. P2,000.00 C. P3,000
B. P2,500.00 D. P3,500
27. When invested at an annual interest rate of 7%, an amount earned P11,200 of simple interest in two years.
How much money was originally? (3 pts)
A. P75,000.00 C. P85,000
B. P80,000.00 D. P90,000
28. Mr. Raqueño borrowed P5,000 at 5% annual simple interest rate. If he decided to pay after 1 year and 3
months, how much should he pay by then? (3 pts)
A. P5,312.50 C. P5,512.50
B. P5,412.50 D. P5,612.50
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29. When money is compounded monthly, the frequency of conversion is _______________?
A. 4 C. 2
B. 12 D. 6
30. When the annual interest rate is 16% compounded quarterly the interest rate per conversion period is.
__________?
A. 4% C. 2%
B. 12% D. 7%
31. If the interest rate per conversion period is 1% and money is compounded monthly, the nominal rate is
________.
A. 4% C. 2%
B. 12% D. 7%
32. When the term is 3 years and 6 months and money is compounded semi-annually, the total number of
conversion periods is ________.
A. 4 C. 2
B. 12 D. 7
33. When the total number of conversion periods is 12 and the term is 6 years, then money is compounded.
A. quarterly C. semi-annually
B. monthly D. annually
34. Find the amount due in 8 years if P200,000 is invested at 12% compounded monthly? (3 pts)
A. P519,854.59 C. P19,533.90
B. P50,000.00 D. P178,738.30
35. How long will it take P1,000 to earn P300 if the interest is 12% compounded semi-annually? (3 pts)
A. 2 years C. 3 years
B. 2.5 years D. 3.5 years
36. This an annuity that does not begin until a given time interval has passed.
A. Simple Annuity C. General Annuity
B. Ordinary Annuity D. Deferred annuity
37. A form of equity financing or raising money by allowing investors to be part owners of the company.
A. Stocks C. Dividend
B. Bonds D. Market Value
38. A form of debt financing, or raising money by borrowing from investors.
A. Stocks C. Dividend
B. Bonds D. Market Value
39. A certain financial institution declared a P30,000,000 dividend for the common stocks. If there are a total
of 700,000 shares of common stock, how much is the dividend per share? (3 pts)
A. P42.56 C. P42.76
B. P42.66 D. P42.86
40. This is a valid argument which also satisfies the truth condition.
A. sound argument C. contradiction
B. bad argument D. tautology
41. This is an argument which does not satisfy either the validity condition or the truth condition is called a
bad argument.
A. sound argument C. contradiction
B. bad argument D. tautology
42. This is a proposition that is always true.
A. sound argument C. contradiction
B. bad argument D. tautology
43. This is a proposition that is always false.
A. sound argument C. contradiction
B. bad argument D. tautology
44. All squares are rhombus. The negation of the statement is ___________.
A. All squares are not rhombus C. Never all squares are rhombus
B. Not all squares are rhombus D. Rhombuses are not squares
45. All quadrilaterals are polygons. Which of the following is the copula?
A. all C. are
B. quadrilaterals D. polygons

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