Gen Math Exam 2ND Quarter - 1ST Semester

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Department of Education

Region III
Division of Zambales
Nagyantok High School

Mathematics 11
2nd Quarter Examination - 1st Semester

A. Direction: Shade the letter of the correct answer on the given answer sheet.
1. In the given Simple Interest formula; I = prt, where P means
a. Principle b. Principal c. Principal interest d. Interest
2. I = Prt, where r means _____________
a. Annual rate b. Annual ratio c. Annual rank d. Annual Rest
3. If interest is paid only on the principal, it is a ________________
a. Simple Interest b. Simple Compound c. Simple Annuity d. Simple Continuous Annuity
4. If Php 10 000.00 is invested at 4.5% simple interest, how long will it take to grow Php 11 800.00
a. 4 years b. 5 years c 6 years d. 7 years
5. In the given problem #4, what is the rate in decimal form?
a. 45.0 b. 0.045 c. 0.450 d. 045%
6. What is the maturity value in problem 4?
a. Php 11 850.00 b. Php 11 900.00 c. Php 11 800.00 d. Php 11 000.00
7. What is the interest in problem no 4.
a. Php 1800 b. Php 1900 c. Php 2000 d. Php 2100
8. When interest is paid on both principal and interest, compounded at regular intervals
a. Simple Interest b. Exact Time c. Simple Annuity d. Compound Interest
9. It is the accumulated amount of a given principal at the end of a given time interval
a. Compound Amount b. Compound Interest c. Compound Annuity d. Simple Compound
What is the Simple Interest of the following items (10-15)
10. Php 240, 000 at 6% for 5 years
a. Php 70,000 b. Php 72 000 c. Php 71 000 d. Php 73 000
11. Php 186,000 at 12 % for 8 months.
a. Php 16 880 b. Php 15 880 c. Php 14 880 d. Php 16 880
12. Php 124,000 at 8.5 % for 18 months
a. Php 16 810 b. Php 17 810 c. Php 18 810 d. Php 15 810
13. Php 780, 000 at 4.25% for 3.5 years
a. Php 116 025 b. Php 117 025 c. Php 118 025 d. Php 119 025
14. Php 2,043,500 at 9% for 6.3 years
a. Php 1 458 664.5 b. Php 1 358 664.5 c. Php 1 258 664.5 d. Php 1 158 664.5
15. Php 9, 949, 340 at 7.5 % for 9 years
a. Php 9 715 804.5 b. Php 8 715 804.5 c. Php 7 715 804.5 d. Php 6 715 804.5
16. The original principal minus the compound amount is ________________
a. Compound Amount b. Compound Interest c. Compound Annuity d. Simple Compound
17. The length of time for which the compound interest is to be calculated
a. Principal b. rate c. interest d. term
18. The quoted rate which is the basis for converting the interest rate per conversion period
a. Nominal rate b. Nominal interest c. Nominal term d. Nominal Principal
19.

In the given example. The Quarterly pertains to ________

a. No. of rate per year b. No. of times per year c. principal amount d. No. of period per year
20. Robert invested ₱5,000.00 at the East West Bank as it earns 3% interest compounded annually. What is the value of his
investment after 6 years?
a. ₱5,000.00 (1.06)3 b. ₱5,000.00 (1.03)6 c. ₱5,000.00 (0.06)3 d. ₱5,000.00 (0.03)6
21. $800 is invested at 7% for 6 years. Find the simple interest.
a. $336 b. $337 c. $338 d. $339
22. $800 is invested at 7% for 6 years. Find the interest compounded annually.
a. $1300.58 b. $ 1201.58 c.$1200.58 d. $ 1234.58
23. $32000 is invested at 10% for 2 years. Find the interest compounded yearly,
a. $ 38730 b. $38720 c. $38820 d. $ 3880.58
24. In the prob.#23, Find the Interest compounded quarterly
a. $ 32 397.53 b. $33 397.53 c. $34 397.53 d. $ 35 397.53
25.An annuity where the payment interval is the same as the interest period.
A. Annuity Certain B. Annuity Uncertain C. Annuity D. Simple Annuity
26 A type of annuity in which the payments are made at the beginning of each payment interval
A. Annuity Certain B. Annuity Uncertain C. Annuity due D. Simple Annuity
27. An annuity where the payment interval is not the same as the interest period.
a. Ordinary Annuity b. Deferred Annuity c. Annuity due D. General Annuity
28. To avoid high fees for loans, a person should avoid borrowing from a:
A. credit union. B. savings and loan association. C. pawnshop. D. commercial bank.
29. An annuity in which payment begin and end at definite times
A. Annuity Certain B. Annuity Uncertain C. Annuity D. Simple Annuity
30. An annuity in which the payment extend over an indefinite length of time:
A. Annuity Certain B. Contingent annuity C. ordinary annuity D. Simple Annuity
31. A $200 savings account that earns $13 interest in a year has a yield of ____________ percent.
A. 6.00 B. 13.00 C. 7.00 D. 6.50
32. Savings compounded ____________ would have the highest effective yield.
A. daily B. annually C. semi-annually D. monthly
33.In order to save for her high school graduation, marie decided to save Php 200 at the end of each month. If the bank pays
0.250% compounded monthly , how much will her money be at the end of 6 years?
A. 14, 507.02 C. 14, 407.02.
B. 14, 510.02 D. 14, 607.02
34. In Item no. 33, what is the regular payment?
A. 2 000 B. 20 C. 250 . D. 200
35. Which of the following is an effective strategy in times of falling interest rates?
A. Use long-term loans to take advantage of current low rates.
B. Use short-term loans to take advantage of lower rates when you refinance the loans.
C. Select short-term savings instruments to take advantage of higher rates when they mature.
D. Select short-term savings instruments to lock-in earnings at current high rates.
36. A fixed sum of money paid to someone at regular intervals, subject to a fixed compound interest rate.
A. Annuity Certain B. Annuity Uncertain C. Annuity D. Simple Annuity
37. Which of the following institutions makes loans based on the value of tangibles possessions, such as jewelry and collectibles?
A. life insurance company B. finance company C. mortgage company D. pawnshop
38. It is annuity payable for an indefinite duration ex. insurance?
A. Annuity Certain B. Annuity Uncertain C. Annuity D. Simple Annuity
39. A pawnshop with a monthly interest rate of 2.75 percent would have an annual interest rate of ____ percent. Ignore
compounding.
A. 33.00 B. 27.50 C. 20.00 D. 5.50
2.75% x 12 months = 33%
40. A person borrows $200 from a payday loan company and pays $10 interest for two weeks. This would result in an annual
interest rate of approximately ___ percent. Ignore compounding.
A. 260 B. 130 C. 40 D. 20
$10 x 26 weeks = $260; $260/$200 = 1.3 or 130%
41. What amount must be invested in order to have P 128 376.52 after 8 years if money is worth 6% compounded semi-annually?
a. PHP 80 000.00 b. PHP 81 000.00 c. PHP 82 000.00 d. PHP 83 000.00
42. What is K in the given problem number 41?
a. 1 b. 2 c. 3 d. 4
43. How many percent of money being compounded in problem number 41 in decimal point?
a. 0.006 b. 0.6 c. 6.0 d. 0.06
44. How long would the invested money be compounded?
a. 8/12 b. 8/4 c. 8/1 d. 8/2
45. What is the formula to be used in number 41?
mt mt Pt t
r t r r
a. A=P(1+ ) b. A=P(1+ ) c. A=m(1+ ) d. A=P(2+ )
m m m m
46. If principal P is invested at annual interest rate compound continuously then the amount F at the end of t years.
a. Continuous Compound Interest b. Simple Interest c. Compound Interest
47. What is the common ratio in the given problem number 46?
a. 1 b. 2 c. 3 d. 4
48. It is a declarative sentence that is either true or false but not both.
a. proposition b. preposition c. proportion d. participation
49. All are example of proposition except.
a. Either logic is fun and interesting b. If you are Grade II then you are beautiful
c. Welcome to the Philippines d. 5 + 7 = 10
50. 2 is even and prime
a. Simple proposition b. Compound Proposition c. NEGATION d. Not a Proposition
Bonus Question: Complete the given pattern.
3 H_________ of a C________ 5. 12M________ in a Y______ 9. O, T, T,F , F, S, S,__ ,__ ,__
8T_________of an O_________ 6. 5 F_______ in 1 H________ 10. 1,1,2,3,5,8,13,__, __,__
6 F_________ of a C__________ 7. 7 C_______ of R_________ 11.I am a four digit number. My tens digit is twice my unit digit. My hundred digit
7 D_________ in a W_________ 8. 3W_______ of a T_______ Is the sum of the first two digits and my thousand digit is twice my tens
digit. Who I am? __ __ __ __

For I know the plans I have for you, declares the Lord, plans to prosper you and not to harm you, plans to give you hope and a future. Jeremiah 29:11
God bless you!
Prepared by: Checked by: Noted by:

ALEJANDRO R. LAODENIO JOSE A. LEYCO EMELYN C. LACERONA


Teacher II Master Teacher II Assistant Principal II

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