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    Final Exam General Mathematics Grade 11 SHS

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    SYLVIA H. FLORES

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    Final Exam General Mathematics Grade 11 SHS

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    SYLVIA H. FLORES
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    Final Exam General Mathematics Grade 11 SHS

    Uploaded by

    SYLVIA H. FLORES

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    Republic of the Philippines

    DEPARTMENT OF EDUCATION
    Region V
    Schools Division of Legazpi City
    Taysan Resettlement Integrated School
    FINAL EXAMINATION IN GEN MATH
    Name:_______________________________________ Section:_______________ Score:_____

    I. Multiple Choice. Read and analyze each item carefully. Use a separate sheet for your solutions when necessary, then write the
    letter of correct answer in the space provided before each item. Write the answers in CAPITAL LETTERS.
    ___1. An interest computed on the principal and then added to it refers to a __________________ environment.
    A. Annuity B. Compound Interest C. Loan D. Simple Interest
    ___2. What is the main difference between simple and compound interests?
    A. Simple interest rate is constant throughout the investment term, while for compound interest, the interest rate changes.
    B. Simple interest rate changes, while for compound interest, the interest rate remains constant throughout the investment term.
    C. In simple interest, the interest from the previous year also earns interest while compound interest remains constant throughout the
    investment term.
    D. In simple interest, the interest remains constant throughout the investment term while in compound interest, the interest from the
    previous year also earns interest.

    For numbers 3 and 4, refer to the problem below:


    A bank offers 0.25% annual simple interest rate for a particular deposit. One million pesos was deposited in this
    savings account for 1 year.

    ___3. What is the principal (P)? A. P1,000,000 B. P100,000 C. 0.25% D. 1 year


    ___4. How much interest (I) will the money earn after 1 year? A. P1500 B. P2000 C. P2500 D. P3000

    ___5. What is the amount of interest of a loan for P25,000 at 12% simple interest for 5 years?
    A. P14,000 B. P15,000 C. P16,000 D. P17,000
    ___6. What is the maturity or future value (F) of a loan in item #5? A. P40,000 B. P45,000 C. P50,000 D. P55,000
    ___7. When invested at an annual interest rate of 8%, the amount earned P10,100 of simple interest in two years. How much
    money was originally invested? A. P62,500 B. P63,120 C. P63,125 D.
    P63,150
    ___8. If an entrepreneur applies for a loan amounting to P500,000 in a bank, the simple interest of which is P157,500 for 3 years,
    what interest rate is being charged? A. 9% B. 9.5% C. 10% D. 10.5%
    ___9. Lea’s father started to deposit in her bank account an amount of P10,000 at an annual interest rate of 5% compounded
    yearly in 2007. He did not withdraw any amount until she graduated Grade 12 in 2019. How much did she have in her
    bank account after 12 years? A. P16,000.00 B. P16,772.16 C. P17,623.42 D.
    P17,958.56
    ___10. Mr. Bautista aims to have his investment grow to P500,000 in 4 years. How much should he invest in an account that pays
    5% compounded annually? A. P411,350 B. P411,350.24 C. P411,351 D. P411,351.24
    ___11. It is a sequence of payments made at equal(fixed) intervals or periods of time.
    A. Annuity B. Compound Interest C. Loan D. Simple Interest
    ___12. Which of the following statements is an example of general annuity?
    A. Paying a loan annually with an interest rate compounded annually.
    B. Paying a debt semi-annually when the interest is compounded semi-annually.
    C. Monthly installment payment of a car with an interest rate that is compounded annually.
    D. Quarterly installment payment of a debt with an interest rate that is compounded every three months.

    For items 13 – 15, refer to this situation.


    Mr. Matulungin is paying P2,500 every three months for the amount he borrowed at an interest rate of 8%
    compounded quarterly. How much did he borrow if he agreed that the loan will be paid in 2 years and 6 months?

    ___13. What is unknown in the problem? A. Future Value B. Nominal Rate C. Present Value D. Regular
    Payment
    ___14. What do you call P2,500 in the problem? A. Future Value B. Nominal Rate C. Present Value D. Regular
    Payment
    ___15. How much did he borrow if he agreed that the loan will be paid in 2 years and 6 months?
    A. P21,456.46 B. P22,456.46 C. P26,374.30 D. P27,374.30

    ___16. Mr. Maunawain would like to save P500,000 for his son’s college education. How much should he deposit in a savings
    account every 6 months for 12 years if interest is at 1% compounded semi-annually?
    A. P11,235.58 B. P19,660.31 C. P22,160.31 D. P30,838.91

    For items 17 – 18, refer to this problem.


    Teacher Kaye is saving P2,000 every month by depositing it in a bank that gives an interest of 1% compounded
    quarterly. How much will she save in 5 years?

    ___17. What is unknown in the problem? A. Future Value B. Nominal Rate C. Present Value D. Regular Payment
    ___18. How much will she save in 5 years? A. P122,995.56 B. P124,995.56 C. P126,995.56 D. P130,995.56

    For items 19 – 21, refer to this problem.

    I have a residential lot and I want to sell it. I have received two offers after posting it in my news feed:
    Offer A: Accountant Orpiano has offered P50,000 and a P1 million lump sum payment 5 years from now.
    Offer B: Engr. Puguon has offered P50,000 plus P40,000 every quarter for five years.
    If money can earn 5% compounded annually, which offer has a higher market value?

    ___19. What is the fair market value at the beginning of Accountant Orpiano’s offer?
    A. P833,526.20 B. P834,526.20 C. P835,526.20 D. P836,526.20
    ___20. What is the fair market value at the beginning of Engineer Puguon’s offer?
    A. P752,572.70 B. P754,572.70 C. P755,572.70 D. P756,572.70
    ___21. Whose offer has a higher market value?
    A. Accountant Orpiano’s Offer B. Engr. Puguon’s Offer C. They have the same offer. D. Cannot be determined.

    ___22. It is an annuity that does not begin until a given time interval has passed.
    A. Deferred Annuity B. General Annuity C. Ordinary Annuity D. Simple Annuity

    For items 23 – 25, refer to this problem.

    A cash loan is to be repaid by paying P13,500 quarterly for 3 years starting at the end of 4 years. If interest rate is 12% convertible
    quarterly,

    ___23. How many payments (n) until the loan is paid? A. 10 B. 12 C. 15 D. 16


    ___24. What is the period of deferral (k)? A. 10 periods B. 12 periods C. 15 periods D. 16 periods
    ___25. How much is the cash loan? A. P80,740.58 B. P83,740.58 C. P84,252.80 D. P86,252.80

    ∞ GOOD LUCK ∞

    Prepared by:

    SYLVIA H. FLORES
    Teacher III

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