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General Mathematics: I. Multiple Choice

This document contains a 10 question multiple choice quiz on general mathematics concepts. The questions cover topics like simple and compound interest, investments, loans, and time value of money calculations. Correct answers are chosen from three multiple choice options for each question. The quiz is assessing understanding of mathematical and financial concepts related to interest, investments, loans, and time value of money.

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Ninja Tanod
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38 views4 pages

General Mathematics: I. Multiple Choice

This document contains a 10 question multiple choice quiz on general mathematics concepts. The questions cover topics like simple and compound interest, investments, loans, and time value of money calculations. Correct answers are chosen from three multiple choice options for each question. The quiz is assessing understanding of mathematical and financial concepts related to interest, investments, loans, and time value of money.

Uploaded by

Ninja Tanod
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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12/29/2020 GENERAL MATHEMATICS

GENERAL MATHEMATICS
* Required

I. MULTIPLE CHOICE

Read the questions carefully and choose the correct answer. ( 10 pts. )

Which of the following investments has the highest amount of increase? * 1 point

iii

ii

A loaning business requires 2.5% simple interest rate. If you made a loan 1 point

worth Php 3, 000, how much must you pay after one year? *

Php 3, 075

Php 75

Php 3, 750

https://docs.google.com/forms/d/e/1FAIpQLSeg6Ge27x4rBT5oz70Qk5x__LoHKHNRxA7nt58kGdma4waJ4g/formResponse 1/4
12/29/2020 GENERAL MATHEMATICS

Which of the following investments has the lowest amount of increase? * 1 point

iii

ii

Which of the following is TRUE about the amount that is compounded 1 point
quarterly? *

The amount will increase every year

The amount will increase every 6 months

The amount will increase every 3 months

Which of the following is TRUE about the interest? * 1 point

the bigger the rate of interest the smaller the interest

the smaller the rate and the shorter the time, the smaller the interest

the longer the time and the bigger the rate, the smaller the interest

What is the future value if Php 74, 500 with 9% interest rate is 1 point

compounded annually in 3 years? *

https://docs.google.com/forms/d/e/1FAIpQLSeg6Ge27x4rBT5oz70Qk5x__LoHKHNRxA7nt58kGdma4waJ4g/formResponse 2/4
12/29/2020 GENERAL MATHEMATICS

Php 96, 498.66

Php 96, 479.66

Php 94, 615.00

Juana borrowed Php 17, 000 from a friend. She got a 6% increase to be 1 point

paid after a year. What is the amount of increase of the money that she
borrowed? *

Php 10, 200

Php 102

Php 1, 020

Which of the following is TRUE about the time in solving for the interest? * 1 point

it should be expressed in months

it should be expressed in days

it should be expressed in years

Which of the following investments can produce an interest of Php 18, 1 point

900? *

iii

ii

https://docs.google.com/forms/d/e/1FAIpQLSeg6Ge27x4rBT5oz70Qk5x__LoHKHNRxA7nt58kGdma4waJ4g/formResponse 3/4
12/29/2020 GENERAL MATHEMATICS

Maria wanted to buy a shop. She don’t have enough capital so she 1 point

borrowed an amount from a friend. What is the total amount that she has
to pay if she will receive an interest of Php 104, 065 with 13% simple
interest rate after a year? *

Php 800, 500

Php 904, 565

Php 1, 045, 320

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