Scribd Logo
Upload

Welcome to Scribd!

  • 8 views

    Gen Math Finals

    Uploaded by

    Hendre Bacolod
    The document is a mathematics final exam covering topics like simple and compound interest, annuities, and problem solving. It contains two tests with multiple choice and fill-in-the-blank questions testing concepts like principal, interest rate, time, and payments for different interest and annuity scenarios. It also includes two word problems to solve.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    Gen Math Finals

    Uploaded by

    Hendre Bacolod
    8 views3 pages
    The document is a mathematics final exam covering topics like simple and compound interest, annuities, and problem solving. It contains two tests with multiple choice and fill-in-the-blank questions testing concepts like principal, interest rate, time, and payments for different interest and annuity scenarios. It also includes two word problems to solve.

    Original Title

    GEN MATH FINALS

    Copyright

    © © All Rights Reserved

    Available Formats

    DOCX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    The document is a mathematics final exam covering topics like simple and compound interest, annuities, and problem solving. It contains two tests with multiple choice and fill-in-the-blank questions testing concepts like principal, interest rate, time, and payments for different interest and annuity scenarios. It also includes two word problems to solve.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    8 views3 pages

    Gen Math Finals

    Uploaded by

    Hendre Bacolod
    The document is a mathematics final exam covering topics like simple and compound interest, annuities, and problem solving. It contains two tests with multiple choice and fill-in-the-blank questions testing concepts like principal, interest rate, time, and payments for different interest and annuity scenarios. It also includes two word problems to solve.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 3

    GENERAL MATHEMATICS

    FINALS

    Name: __________________________________ Grade & Strand: ________________


    Teacher: ________________________________ Score:________________________

    Direction: Read and analyze each item carefully. Encircle the letter
    that corresponds to your answer. Good luck and GOD bless!

    TEST I.

    1. Which of the following statements illustrates simple interest?


    A. It is the interest after t years; that the lender receives from the
    borrower on the maturity date.
    B. It is the interest that is computed on the principal and then
    added to it.
    C. It is the interest paid or earned for the use of money.
    D. It is the interest that is computed on the principal and also on
    the accumulated past interests.

    2. What do you call to the person (institution) who avails the money of the
    funds from the lender?
    A. Interest
    B. Principal
    C. Borrower
    D. Creditor

    3. Which of the following shows compound interest?


    A. Principal = P1000 term = 2 years rate = 5% Interest =
    P100
    B. Principal = P1000 term = 3 years rate = 5% Interest =
    P158
    C. Principal = P1500 term = 3 years rate = 10% Interest =
    P1,997
    D. Principal = P1500 term = 2 years rate = 10% Interest =
    P300

    4. A bank offers 2.5% annual simple interest rate for a particular deposit.
    How much interest will be earned if P200,000 is deposited in the
    savings account for 2 years?
    A. P 10,000
    B. P 100, 000
    C. P 210, 000
    D. P 300,000

    5. John deposited P20,000 in a bank that pays 0.5% simple interest. How
    much will be his money after 6 years?
    A. P6,000 B. P26,000 C. P600 D. P20,600

    6. Which of the following statements illustrates simple annuity?


    A. The payments extend over an indefinite length of time.
    B. The payment interval is not the same as the interest period.
    C. The payment interval is the same as the interest period.
    D. The payments are made at beginning of each payment interval.

    7. It refers to an annuity in which the periodic payment is made at the


    end of the payment interval.
    A. Deferred Annuity
    B. Annuity Due
    C. Ordinary Annuity
    D. General Annuity

    8. Which problem illustrates general annuity?


    A. The payments are done quarterly but the interest rate being
    charged is monthly.
    B. The payments are done quarterly and the interest rate being
    charged is also
    compounded quarterly.
    C. The payment is monthly, and the interest rate is compounded
    monthly.
    D. The payment is annually, and the interest rate is compounded
    annually.

    9. These are payments made annually.


    A. Simple Interest
    B. Annuities
    C. Principal
    D. Compound Interest

    10. Which of the following is NOT a form of annuity?


    A. house rental
    B. life insurance
    C. allowance
    D. dividend bonds

    TEST II.

    Direction: Find the unknown principal P, rate r, time t, and interest I by


    completing the table. Write your answers below. (SHOW YOUR SOLUTIONS) 2
    points each

    Principal (P) Rate (r) Time (t) Interest (I)

    (1) 8% 15 12,000

    100,000 2% (2) 10,000

    360,000 (3) 2 3,600

    500,000 10.5% 3.34 (4)


    880,000 9.25% (5) 203,500
    SIMPLE INTEREST

    1.
    2.
    3.
    4.
    5.

    TEST III. PROBLEM SOLVING. Show your solutions. (15 points each)

    1) Find the future value at the end of the last payment period. Payments
    of P50,000 each are made at the beginning of each year for 3 years
    with interest at 5% compounded annually.

    2) Find the present value of an annuity of P1,050 every end of six months
    for 2 years if money is worth 5% converted semi-annually.

    You might also like