STA.

MONICA HIGH SCHOOL

Second Quarter Examination
General Mathematics
Directions. Read each statement carefully. Write the letter that corresponds to the BEST answer on your ANSWER
SHEET. DO NOT write anything on the TEST PAPER.

1. Mr. Ribaya borrowed an amount of P100,000 in a bank with 2% interest payable in 2 years. Mr Ribaya is an
example of a ___
a. Lender b. Borrower c. Term d. Rate
2. Suppose you won P10,000 and you plan to invest it for 5 years. A bank offers 2% compounded annually. This
scenario is an example of____
a. Simple Interest b. Compound Interest c. Simple Annuity d. General Annuity
3. What do you call to an amount of money borrowed or invested on the origin date?
a. Rate b. Creditor c, Principal d. Borrower
For nos. 4 – 6 refer to problem below
A bank offers 0.25% annual simple interest rate for a 1 million peso deposit for 1 year.
4. What is the rate in a particular deposit?
a. 0.25 % b. 1 million peses c. 1 year d. P 2500
5. What is the term in a particular deposit?
a. 0.25 % b. 1 million peses c. 1 year d. P 2500
6. How much will be the interest earned in a deposit?
a. 0.25 % b. 1 million peses c. 1 year d. P 2500

For nos. 7 – 8 refer to problem below

P10,000 is compounded annually at an interest rate of 2% in 5 years
7. What is the maturity value of a particular savings?
a. P11,040.81 b. P12,305.12 c. P 19,990.01 d. P14,540.90
8. Compute for the compound Interest.
a. P 2,305.12 b. P 9,990.01 c. 1,040.81 d. P4,540.90
9. Find the maturity value and interest if P10,000 is deposited in a bank at 2% compounded monthly for 5 years.
a. F= P11,050.79 b. F = P12, 308.89 c. F = P 21, 020.03 d. F = P 15, 304.77
I = P1,050.79 I = P2,308.89 I = P 11,020 .03 I = P 5, 304.77
10. Which of the following is is TRUE statement
I. Simple interest is the interest that is computed on the principal and then added to it II.
II. Compound Interest is an interest computed on the principal and also on the accumulated past
interest
III. Present Value of Compound Interest is always Greater than the Present Value of Simple Interest
IV. Compound Interest yields more interest than Simple Interest given same term, rate and
Principal.
a. I , II and III b. I and II only c. III and IV only d. I, II and IV
11. What do you call to an Annuity where the payment interval is the same as the Interest period?
a. Simple b. General c, Compound d. Ordinary
12. What do you call to an annuity which payments begin and end at definite times?
a. Annuity Certain b. Contingent Annuity c. Annuity Due d. Annuity Immediate
13. What do you call to the time between the first payment interval and last payment interval?
a. Present Value b. Future Value c. Term of An Annuity d. Regular payment
14. Which of the following is an NOT an example of General Ordinary Annuity?
a. Monthly installment payment of a car, lot, or house with an interest rate that is compounded annually
b. Paying a debt semi-annually when the interest is compounded monthly
c. Regular payment of an appliance monthly when the interest rate is compounded annually
d. A Payment to a lending institution annually that is compounded each year
15. The ___________or economic value of a cash flow (payment stream) on a particular date refers to a single
amount that is equivalent to the value of the payment stream at that date.
a. Amount of Annuity b. Future Value c. fair market value d. Down payment
16. Which of the following is an example of Simple Annuity?
a. Ken borrowed an amount of money from Kat. He agrees to pay the principal plus interest by paying
P38,973.76 each year for 3 years. How much money did he borrow if interest is 8% compounded quarterly
b. A teacher saves P5,000 every 6 months in a bank that pays 0.25% compounded monthly. How much will be
her savings after 10 years?
c. Cris started to deposit P1,000 monthly in a fund that pays 6% compounded quarterly. How much will be in
the fund after 15 years?
d. 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?
 17. Which of the following is an Example of General Ordinary Annuity?
a. Monthly installment of an appliance cash prize of P20,000 for 6 months with an interest rate of 6%
compounded monthly
b. Annual payments of P12, 500 with interest rate of 10.5% compounded semi-annually for 6 years
c. Monthly payments of P2,000 for 5 years with interest rate of 12% compounded monthly
d. Daily payments of P20 for 30 days with interest rate of 20% compounded daily for 1 month
18. Mr. Ribaya would like to save P500,000 for his son’s college education, So deposit a certain amount in a savings
account every 6 months for 12 years with an interest rate at 1% compounded semi-annually. How many Interest
periods does the saving account have?
a. 12 b. 2 c. 24 d. 6
19. Mrs. Remoto would like to buy a television (TV) set payable for 6 months starting at the end of the month. She
pays the cost of the TV set with her monthly payment of P3, 000 and with interest of 9% compounded semi-
annually. How many payment intervals do Mrs. Remoto has?
a. 12 b. 2 c. 24 d. 6
For nos 20 – 25 refer to the problem below

Kat received two offers for investment. The Bank A is 150,000 every year for 5 years at 9% compounded
annually. The Bank B scheme is 12,000 per month for 5 years with the same interest rate.

20. How many payment intervals does the Bank A offer?

a. 5 b. 9 c. 10 d. 20
21. What is the rate of Bank A offer?
a. 0.90 b. 0.09 c. 0.05 d. 0.50
22. What is the future value of Bank A offer?
a. Php 755, 572.70 b. Php 897,706.59 c. Php 883, 526. 20 d. 733, 526.20
23. Bank B investment scheme is an example of___
a. General ordinary Annuity c. Simple Ordinary Annuity
b. Compound Interest d. Simple Interest
24. What is the future value of Bank B offer?
a. Php 855, 585.78 b. Php 805, 508.80 c. Php 896,869.86 d. 833, 526.20
25. If you were Kat, which fair market value between these offers is preferable for you?

a. Based on Fair Market Value, Bank A is more preferable

b. Based on Fair Market Value, Bank A is more preferable
c. Neither of them I will choose, because their offer has equal fair market value
d. Both of the two offers, because I want more money

For 26 – 29 Identify the following what is being described

26. Which of the following is true about Stock?
a. Investors are guaranteed interest payments and a return of their money at the maturity date
b. Stock prices vary every day. These prices are reported in various media (newspaper, TV,internet)
c. A form of debt financing, or raising money by borrowing from investors
d. Lower risk but lower yield
27. Which of the following Best Describes Bonds?
a. Investors are guaranteed interest payments and a return of their money at the maturity date
b. Bonds prices vary every day. These prices are reported in various media (newspaper, TV,internet)
c. Higher risk but with possibility of higher returns
d. Investors can earn if the bonds prices increase, but they can lose money if the bonds prices decrease or
worse, if the company goes bankrupt.
28. What do you call to a ratio of the dividends to the number of shares?
a. Dividend b. Dividend per share c. Shares D. Term of the loan

29. What do you call to periodic interest payment that the bondholder receives during the time between purchase
date and maturity date; usually received
a. Coupon Rate b. Stocks c. Bond D. Coupon

Consider the following listing on stocks and answer the questions that follow:

52 weeks
HI LO STOCK DIV YLD% VOL(100s) CLOSE NETCHG

120 105 AAA 3.5 2.8 4050 118.50 -0.50

16 12 BBB 0.9 1.1 1070 15.80 0.10
For Stocks GGG and HHH:

30. What was the lowest price of the stock AAA for the last 52 weeks?
a. P 105.00 b. P 120.00 c. P 3.50 d. P118.50
31. What was the dividend per share last year for Stock BBB?
a. P 0.10 b. P 15.80 c. P 0.90 d. P 3.50
32. What was the annual percentage yield last year for Stock AAA?
a. 5.08% b. 1.1% c. 3.5% d. 2.8%
33. What was the closing price in the last trading day for Stock AAA?
a. P 15.70 b. P 15.80 c. P 118.50 d. P 119.00
34. What was the closing price the day before the last trading day for Stock AAA?
a. P 15.70 b. P 15.80 c. P 118.50 d. P 119.00
35. What was the closing price in the last trading day for Stock BBB?
a. P 15.70 b. P 15.80 c. P 118.50 d. P 119.00
36. What was the closing price the day before the last trading day for Stock BBB?
a. P 15.70 b. P 15.80 c. P 118.50 d. P 119.00
37. What was the lowest price of the stock AAA for the last 52 weeks?
a. P 15.70 b. P 15.80 c. P 118.50 d. P 119.00
38. Provide a counter-argument to the following statement.
We cannot beat the stock market because stock prices already reflect all the given information about the stocks.
a. Information about stocks can change quickly, and it takes time (and high-speed computers) before a stock
price can reflect all information.
b. These people could just be lucky. By the theory of efficient markets, investors cannot systematically gain
from the stock market even if they do a lot of research
c. The theory of efficient markets states that all information is incorporated right away and constantly. Thus
stock prices tend to respond quickly.
d. The theory of efficient market states that all the needed information, public or private, are already
incorporated in stock price

For 39 - 42 Identify the following what is being described

39. Mr. Agustin plans to have a barbershop. He wants to borrow some money from the bank in order for him to buy
the equipment and furniture for the barbershop.
e. Business Loan b. Consumer Loan c. Collateral D. Term of the loan
40. Mr and Mrs Craig wants to borrow money from the bank to finance the college education for his son
a. Business Loan b. Consumer Loan c. Collateral D. Term of the loan
41. Alonzo want to have some improvements on their 10-year old house. He wants to build a new room for their 13-
year old daughter. He will borrow some money from the bank to finance this plan.
a. Business Loan b. Consumer Loan c. Collateral D. Term of the loan
42. Samsons own a siomai food cart business. He wants to put another food cart on a new mall in the other city. He
decided to have a loan to establish the new business.
a. Business Loan b. Consumer Loan c. Collateral D. Term of the loan
43. A ________is a declarative sentence that is either true or false, but not both. If a proposition is true, then its
truth value is true, which is denoted by T; otherwise, its truth value is false, which is denoted by F.
a. Connectors b. Narrative c, Proposition d. Logic
44. Which of the following is/are proposition?
p: Mindanao is an island in the Philippines. q: Find a number which divides your age.
r: My seatmate will get a perfect score in the logic exam. s: Welcome to the Philippines!

a. P only b. p and r only c. p, q and r only d. p,q,r and s

45. In conjunction, if p is true and q is false then the truth value of the compound proposition is _____
a. True b. False c. cannot determine d. Neither True nor False

GOD Bless You… Prepared by:

General Math Teachers