2nd Quarter Summative Test in GENERAL MATHEMATICS
Quiz by James Robin Dela Cruz
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- Q1
What do you call to the person (institution) who avails the money of the funds from the lender?
Creditor
Borrower
Principal
Interest
30sM11GM-IIa-1 - Q2
What is the equivalent term in years, if the term of a loan is 3 years and 9 months?
3.5 years
3.75 years
8.83 years
3.167 years
30sM11GM-IIa-1 - Q3
Suppose you deposited₱250,000 in a bank at an annual simple interest rate of 2.5% for 3 years. What is the simple interest?
Php 8,750.50
Php 18,750.00
Php 14,204.76
Php 9,850.09
30sM11GM-IIa-b-1 - Q4
₱15,000 is compounded annually at an interest rate of 3% in 6 years. What is the maturity value?
Php 14,645.45
Php 12,910.75
Php 16,098.72
Php 14,328.62
30sM11GM-IIb-2 - Q5
A bank offers a 0.40% annual simple interest rate for a particular deposit. What is the interest that will be earned if 1 million pesos is deposited in this savings account for 2 years?
Php 4,000
Php 10,000
Php 6,000
Php 8,000
30sM11GM-IIb-2 - Q6
Mr.Tolentino invested his money for the amount of ₱14,000 in a company at 4% compounded semi-annually for 7 years. What is the total amount that Mr.Tolentino must receive after 7 years?
Php 4,472.70
Php 14,472.70
Php 20,472.70
Php 18,472.70
30sM11GM-IIb-2 - Q7
What is a general annuity in which the periodic payment is made at the end of the payment interval?
SimpleAnnuity
GeneralAnnuity
AnnuityCertain
General Ordinary Annuity
30sM11GM-IIc-1 - Q8
What do you call a payment made is yearly and the interest rate is compounded yearly?
General Ordinary Annuity
General Annuity
Simple Annuity
Annuity Certain
30sM11GM-IIc-1 - Q9
Which problem illustrates general annuity?
The payments are done quarterly but the interest rate being charged is monthly.
The payments are done quarterly and the interest rate being charges is also compounded quarterly.
The payment is monthly, and the interest rate is compounded monthly.
The payment is annually, and the interest rate is compounded annually.
30sM11GM-IIc-1 - Q10
The buyer of a house and lot paid ₱150,000.00 cash and pays ₱6,000.00 every month for 15 years. If it is computed monthly at 8%, then what is the present value?
₱534.246.80
₱626,329.18
₱705,890.09
₱865,233.34
30sM11GM-IIc-d-1 - Q11
Ted deposits ₱3,000.00 each month into an account earning 2.5% interest compounded monthly. How much will he earn in 10 years?
₱508515.82
₱208515.82
₱408515.82
₱308515.82
30sM11GM-IIc-d-1 - Q12
Where do investors guarantee interest payments and a return of their money at the maturity date?
Investor
Consumer
Stock
Bond
30sM11GM-IIe-1 - Q13
Where do investors can earn the security prices increase, but they can lose money if the security prices decrease or worse if the company goes bankrupt?
Bond
Consumer
Stock
Investor
30sM11GM-IIe-1 - Q14
A certain financial institution declared ₱57.00 dividend per share for its common stock. The market value of the stock is ₱198.00. What is its stock yield ratio?
28.79%
26.79%
25.79%
27.79%
30sM11GM-IIe-4 - Q15
What is the amount of a semi-annual coupon paid for a 3% bond with a face value of₱80,000.00 which matures after 15 years?
₱1,100.00
₱1,250.00
₱1,200.00
₱1,150.00
30sM11GM-IIe-4