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Gen Math Long Test (2nd Quarter)

Quiz by Nida Flores

Grade 11
General Math
Philippines Curriculum: SHS Core Curriculum Subjects

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Measures 15 skills from
Grade 11
General Math
Philippines Curriculum: SHS Core Curriculum Subjects

M11GM-IIa-b-1
M11GM-IIa-1
M11GM-IIb-2
M11GM-IIc-2
M11GM-IIc-d-1
M11GM-IId-2
M11GM-IId-3
M11GM-IIe-2
M11GM-IIe-1
M11GM-IIe-3
M11GM-IIf-1
M11GM-IIf-3
M11GM-IIf-2
M11GM-IIg-1
M11GM-IIh-2

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40 questions
Show answers
  • Q1
    1. Aling Nene takes out a simple interest loan of Php10,000 at a rate of 7.5%. What is the total amount Aling Nene will repay if the loan is for 8 years?
    Php 6,000
    Php 26,000
    Php16,000
    Php 10,000
    30s
    M11GM-IIa-b-1
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  • Q2
    2. Simple interest earned is represented by the formula, I = Prt . If a 2-year loan of of Php 5000 is made with 4% simple interest. Find the interest earned.
    Php 400
    Php 5,400
    Php 5000
    Php 4,600
    30s
    M11GM-IIa-1
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  • Q3
    3. Richie invested Php12,000 at a simple interest rate of 6% for 4 months at United Villages Cooperative. How much interest is earned on this investment?
    Php 2,880
    Php 12,240
    Php 240
    Php 14,880
    30s
    M11GM-IIa-b-1
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  • Q4
    4. Amount paid or earned for the use of money
    interest
    rate
    principal
    future value
    30s
    M11GM-IIa-1
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  • Q5
    5. Simple interest remains constant throughout the investment term
    False
    True
    30s
    M11GM-IIa-1
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  • Q6
    6. In compound interest , the interest from the accumulated past interest also earns interest
    True
    False
    30s
    M11GM-IIa-1
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  • Q7
    7. If money loaned or invested is compounded quarterly the frequency of compounding is
    12
    2
    1
    4
    30s
    M11GM-IIb-2
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  • Q8
    8. Using the formula F =P(1+r/m)^mt, how much does Kristal repay after 2 years if she borrows Php10,000 and promises to pay the principal and interest at 12% compounded monthly?
    Php 10,000
    Php 7302.65
    Php12,697.35
    Php 2,697.35
    30s
    M11GM-IIa-b-1
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  • Q9
    9. Frequency of conversion or compounding is the_________________________
    total number of conversion periods
    number of compounding periods in one year
    rate of interest for each conversion period
    interest period
    30s
    M11GM-IIb-2
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  • Q10
    10. If the frequency of compounding is two(2), the amount borrowed or invested was said to be compounded_________.
    quarterly
    monthly
    annually
    semi- annually
    30s
    M11GM-IIb-2
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  • Q11
    11. If the interest rate is 12% compounded monthly , what is the nominal or annual rate of interest?
    0.001
    0.01
    0.10
    0.0001
    30s
    M11GM-IIb-2
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  • Q12
    12. A sequence of payments made at equal intervals or periods time.
    periodic payment
    annuity
    present value of an annuity
    amount of an annuity
    30s
    M11GM-IIc-2
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  • Q13
    13. An annuity where the length of the payment interval is not the same as the length of the interest compounding period.
    annual payment
    simple annuity
    periodic payment
    general annuity
    30s
    M11GM-IIc-2
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  • Q14
    14. In the concept of annuity or finance the term discounting means getting the ___________
    discounted price
    at cost price
    present value
    future value
    30s
    M11GM-IIc-d-1
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  • Q15
    15. The down payment (if there is any) plus the present value of the installment payments
    future value
    cash value or cash price
    discounted price
    promo price
    30s
    M11GM-IIc-d-1
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  • Q16
    16. Future Value of an Ordinary Annuity is represented by , F = R[ (1+j)^n - 1 / j], If Mario decided to save for his graduation by investing Php 5000 quarterly in a mutual fund that offers an interest rate of 2% compounded quarterly, how much will his money be at the end of 5 years?
    410,895.58
    401,895.58
    104,895.58
    140,895.58
    30s
    M11GM-IIc-d-1
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  • Q17
    17. Present value of an ordinary annuity can be computed using P = R [ 1-(1+j)^-n / j], find the present value of annual payments of Php150,000 with interest rate of 8% compounded annually for 10 years
    Php 1,060,512.21
    Php 1,600,512.21
    Php 1,006,512.21
    Php 15,000,000
    30s
    M11GM-IIc-d-1
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  • Q18
    18. This refers to payments received and payments made
    cash inflows
    cash outflows
    cash flow
    cash price
    30s
    M11GM-IId-2
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  • Q19
    19. An annuity that does not begin until a given time interval has passed
    periodic payment
    general annuity
    simple annuity
    deferred annuity
    30s
    M11GM-IId-3
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  • Q20
    20. Find the period of deferral in the deferred annuity of an annual payments of Php 2,500 for 24 years that will start 12 years from now.
    24 periods
    36 periods
    11 periods
    12 periods
    30s
    M11GM-IId-3
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    Delete

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