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Philippine Technological Institute of Science Arts
and Trade – Central Inc.
First Semester, S.Y. 2023-2024 2nd Quarter Final Exam Subject: General Mathematics Name: Date: Score: /30 points Section: Teacher: MR. PRINCE LOUIE CURA SANTOS
I. COMPUTATION: Simple Interest (2 points each)
Directions: Find the unknown principal (P), rate (r), time (t) and interest (Is) by completing the table. Formulas: I s=P ×r × t P=I s ÷(r ×t )r =I s ÷(P × t)t=I s ÷(P ×r ) PRINCIPAL (P) RATE (r) TIME (t) INTEREST (IS) 2, 000 5% 3 (1) ________________ (2) ________________ 12% 5 20, 000 8,000 (3) ________________ 4 8, 000 500, 000 9.5% (4) ________________ 285, 000 1, 000, 000 0.5% 12 (5) ________________
II. COMPUTATION: Compound Interest (2 points each)
Directions: Find the unknown principal (P), rate (r), time (t) and interest (Ic) by completing the table. Formulas: F=P ( 1+ r ) t I c =F−P
III. COMPUTATION: Compound Interest more than once a year (5 points each) 1. Find the maturity value and interest if P12,550 is deposited in a bank at 4% compounded monthly for 2 years. Given: Formula: Solution: Answer: P= j= ( ) mt r= n= r F=P 1+ t= F= m m= Ic =
IV. COMPUTATION: Annuities (5 points each)
1. Shirl started to deposit P18,000 semi-annually in a fund that pays 5% compounded semi-annually. How much will be in the fund after 10 years?
