Republic of the Philippines

Department of Education
Region VIII – Eastern Visayas
ALANGALANG AGRO-INDUSTRIAL SCHOOL
Binongtoan, Alangalang, Leyte

FINAL EXAMINATION IN GENERAL MATHEMATICS 11

General Directions: In your answer sheet, DO NOT forget to include all the details necessary. Most
especially, your student number. Be careful NOT to stamp, crease, crumple, staple or write on the
square dots. DO NOT copy from your classmates. If you are caught copying, you will automatically
be sent out to the guidance office.
Directions: This is a Multiple-choice test. Shade only the letter of the correct answer in the answer
sheet. If you need to make a correction; use either a liquid eraser, correction tape or correction pen.
Never leave visible marks to your corrections for this may cause your answer not counted.

1. What do we call the person or institution who owes the money or avails of the fund?
A. Borrower C. Lender
B. Creditor D. Principal
2. What do we call the person or institution who makes the fund available?
A. Borrower C. Lender
B. Debtor D. Principal
3. What do we call the interest that is computed on the principal and then added to it?
A. Compound Interest C. Principal
B. Maturity Value D. Simple Interest
4. What do we call the interest that is computed on the principal and the accumulated past
interests?
A. Compound Interest C. Principal
B. Maturity Value D. Simple Interest
5. What is the term used to describe the amount after t years that the lender receives from the
borrower on the maturity date?
A. Interest C. Present Value
B. Future Value D. Rate
6. Which of the following is the correct formula for simple interest?
A. Prt C. P+ I
t
B. P ( 1+ r ) D. P ( 1+ j )n
7. Which among the formulas below is for the future value of problems involving compound
interest environment, compounding once a year?
A. Prt C. P+ I s
t
B. P ( 1+ r ) D. P ( 1+ j )n
8. What is 5% of 20?
A. 1 C. 10
B. 5 D. 11

In items 9 to 11, refer to the situation below.

Alex borrowed P500 from Peter with 8% monthly simple interest. After 3 months, Alex
paid P620 to Peter.

9. Which among the given is the maturity value?

A. P500 C. 3 months
B. 8% D. P620
10. Which one is the principal?
A. P500 C. 3 months
B. 8% D. P620
11. Which one is the simple interest?
A. P500 C. 3 months
B. P120 D. P620
12.Justin 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?
A. 5,312.50 C. 5,314.50
B. 5,313.50 D. 5,315.50
13. What is 8% of 200?
A. 16789 C. 1600
B. 160 D. 16000
14. What is the frequency of conversion ‘m’ if the interest is compounded monthly?
A. 1 C. 4
B. 2 D. 12
15.Find the maturity value given P = 12000, I = 500, r = 12%.
A. 500 C. 12,000
B. 11,500 D. 12,500
16. If a person borrowed P88,000 at an annual simple interest rate of 10% for 3 years, how
much interest should he pay?
A. 12,653 C. 14,653
B. 13,653 D. 15,653
17. Cris borrows P50,000 and promises to pay the principal and interest at 12% compounded
monthly. How much must he repay after 6 years?
A. P102,354.97 C. P300,000
B. P150,000 D. P50,000
18. What is the present value of P25,000 due in 2 years and 6 months if money is worth 10%
compounded quarterly?
A. 17,529.96 C. 19,529.96
B. 18,529.96 D. 20,529.96
19. How much should a student place in a time deposit in a bank that pays 1.1% compounded
annually so that he will have P200,000 after 6 years?
A. 185,393.78 C. 187,293.65
B. 186,293.70 D. 188,393.90
20. The interest of a certain deposit is P250, while the maturity value is P1,250.00. How much is
the present value?
A. P1,000 C. P25,000
B. P2,500 D. P250
21. How much money must be invested to obtain an amount of P150,000 in 2 years if money
earns at 10.5% compounded annually?
A. 119,847.60 C. 122,847.61
B. 120,847.65 D. 123,847.61
22. In order to save P250,000 in 5 years, how much should you invest if the annual compound
interest is 12%?
A. 141,856.71 C. 222,214.30
B. 142,856.71 D. 223,214.29
23. Which DOES NOT belong to the group?
A. monthly payment, monthly compounding
B. semi-annual payment, semi-annual compounding
C. annual payment, monthly compounding
D. monthly payment, annual compounding
24. Which one is an example of deferred annuity?
A. A loan where first payment is due at the end of the month.
B. A car mortgage where first payment begins at the end of a month.
C. An insurance where you pay the first regular payment upon signing.
D. A monthly pension which payments start at the end of the third month after maturity
of policy.
25.Monthly payments of P3,000 for 4 years with interest rate of 3% compounded monthly is an
example of…
A. Simple Annuity C. Deferred Annuity
B. General Annuity D. Annuity Due
26.Quarterly payments of P5,000 for 10 years with interest rate of 2% compounded annually is
an example of…
A. Simple Annuity C. Deferred Annuity
B. General Annuity D. Annuity Due
27. It is also called as the sum of all the present values of all the payments to be made during
the entire term of an annuity.
A. Future Value of an Annuity C. Present Value of an Annuity
B. Interest of an Annuity D. Term of an Annuity
 28.When an annuity does start at the beginning nor at the end of each payment interval but
some later date it is called…
A. Annuity Due C. General Annuity
B. Deferred Annuity D. Ordinary Annuity

For items 29 to 32, refer to the situation below.

In order to save for her high school graduation, Marie decided to save P200 at the end of
each month. The bank pays 0.250% compounded monthly and the term is 6 years.

29. What is the decimal equivalent of the annual rate?

A. 0.00025 C. 0.025
B. 0.0025 D. 0.250
30.What is the value for j?
A. 0.0002083 C. 0.0250
B. 0.0075 D. 0.0250
31.What is the total number of payments ‘n’?
A. 6 C. 36
B. 12 D. 72
32. How much will her money be at the end of the term?
A. 13,507.85 C. 15,507.85
B. 14,507.85 D. 17,507.85
33. What do we call the cash moves out like deposits or payments made?
A. cash inflow C. economic value
B. cash outflow D. fair market value
34. This refers to a single amount that is equivalent to the value of the payment stream at a
particular date.
A. cash flow C. cash outflow
B. cash inflow D. fair market value

In items 35 to 36, refer to the problem below.

Company A offers P150,000 at the end of 3 years plus P300,000 at the end of 5
years. Company B offers P25,000 at the end of each quarter for the next 5 years. The
money is worth 8% compounded annually.

35. What is the fair market value of Company A’s offer?

A. P150,000.00 C. P321,216.43
B. P300,000.00 D. P409,560.47
36. What is the fair market value of Company B’s offer?
A. P150,000.00 C. P321,216.43
B. P300,000.00 D. P409,560.47
37.A declarative sentence that is either true or false but not both.
A. Compound Proposition C. Disjunction
B. Conjunction D. Proposition
38. Which of the following is a proposition?
A. Are you okay? C. Sit down!
B. I am lying. D. You are in Grade 11.
39. Which one is the conjunction of two propositions p and q?
A. p ∧q C. p →q
B. p ∨q D. p ⟷ q
40.Which one is the biconditional of two propositions p and q?
A. p ∧q C. p →q
B. p ∨q D. p ⟷ q
41. Which one is a simple proposition?
A. I am lying.
B. I am 18 years old.
C. I am 18 years old, and I am in Grade 12.
D. Shut up!
42.Which one is a compound proposition?
A. I am lying.
B. I am 18 years old.
C. I am 18 years old, and I am in Grade 12.
D. Shut up!
 For items 43 to 50, refer to the following propositions.

p: I am in grade 11.
q: I’m taking Logic class.
r: I will study hard.
s: I will pass the final examination.

43. Which statement is equivalent to ‘It is not true that I am in grade 11’?
A. I am not in Grade 11.
B. I’m taking Logic class.
C. I will never study hard
D. I won’t pass the final examination.
44.Which of the following propositions means ‘you did not pass the examination because you
did not study hard’?
A. (∼ s)→(∼r ) C. r → s
B. ( ∼ r ) → ( ∼ s ) D. s →r
45. What does the proposition ¿ mean?
A. I am in grade 11 and I’m taking Logic class; and I will study hard to pass the final
examination.
B. If I am in grade 11 and I’m taking a Logic class, then I will study hard and I will pass
the final examination.
C. If I am in grade 11, then I’m taking Logic class; and if I will study hard, then I will
pass the final examination.
D. It is either I am in grade 11 or I’m taking Logic class; and if I will study hard, then I
will pass the final examination.
46. What does the proposition (∼ r )→(∼ s) mean?
A. Either I will study hard, or I will fail the final examination.
B. I will study hard, and I will pass the final examination.
C. If I will not study hard, then I will not pass the final examination.
D. If I will study hard, then I will pass the final examination.
47. What does the proposition (∼ p)∨ q mean?
A. Either I am not in grade 11, or I am taking Logic class.
B. I am not in grade 11 and I am not taking logic class.
C. If I am in grade 11, then I am taking Logic class.
D. It is not true that I am in grade 11 and I am taking Logic class.
48. What does the proposition ( ∼ p ) ∧(∼q ) mean?
A. Either I am not in grade 11, or I am taking Logic class.
B. I am not in grade 11 and I am not taking logic class.
C. If I am in grade 11, then I am taking Logic class.
D. It is not true that I am in grade 11 and I am taking Logic class.
49. What does the proposition ( s ) ∧(∼ r) mean?
A. I will pass the final examination, and I will not study hard.
B. I will pass the final examination, and I will study hard.
C. I will not pass the final examination, and I will not study hard.
D. I will not pass the examination even if I will study hard.
50. Suppose you are in grade 11, and you are not taking the Logic class. What is the truth value
for the compound proposition p →q , and why?
A. T. Because for a conditional to be true, p has to be true, and q has to be true as well.
B. T. Because for a conditional to be true, p has to be true, and q has to be false.
C. F. Because for a conditional to be false, p has to be true, and q has to be true as well.
D. F. Because for a conditional to be false, p has to be true, and q has to be false.

Prepared by: Checked and Reviewed by:

BENJIE P. POGOY NANCY C. ARPON

T-II MT-II

Noted: Approved:

ELIZABETH V. HIPE, Ph.D. ELEANOR M. MIRALLES, Dev.Ed.D

Asst. School Head School Principal