General Mathematics Second Quarter Examination (STEM B)

TYPE YOUR NAME (LAST NAME, FIRST NAME, MI) AND SECTION.

(e.g. ICAO, JOCEL E. - 11 -STEM B)

Which of the following statements illustrates simple interest?

• It is the interest paid earned for the use of money.

• It is the interest that is computed on the principal and then added to it.

• It is the interest after t years; that the lender receives from the borrower on the maturity date.

• It is the interest that it computed on the principal and also on the accumulated past interests.

Which of the following shows compound interest?

• P=1000

  t=2 years

  r=5%

  I=100

• P=1500

  t=2 years

  r=10%

  I=300

• P=1000

  t=3 years

  r=5%

  I=158

• P=1500

  t=3 years

  r=10%

  I=1997

A bank offers 2.5% annual simple interest rate for a particular deposit. How much interest will be earned if ₱200 000 is deposited in the savings account for 2 years?

• ₱300 000

• ₱210 000

• ₱100 000

• ₱10 000

John deposited ₱20 000 in a bank that pays 0.5% simple interest. How much will be his money after 6 years?

• ₱600

• ₱6 000

• ₱20 600

• ₱26 000

What is the amount of the interest of a loan for ₱20 000 at 6% compound interest for 3 years?

• ₱23 820.32

• ₱23 600.00

• ₱3 820.32

• ₱3 600.00

In order to have ₱50 000 in 5 years, how much should you invest if the compound interest is 5%?

• ₱63 814.08

• ₱62 500.00

• ₱51 262.56

• ₱39 176.31

Which of the following statements illustrates simple annuity?

• The payments are made at the beginning of each payment interval.

• The payment interval is not the same as the interest period.

• The payment interval is the same as the interest period.

• The payments extend over an indefinite length of time.

It refers to an annuity in which the periodic payment is made at the end of the payment interval.

• Simple Ordinary Annuity

• General Ordinary Annuity

• Simple Annuity

• General Annuity

Find the present value of the semi-annual payments of ₱500 at the end of each term for 10 years with interest rate of 5% compounded semi-annually.

• ₱7 794.58

• ₱9 946.04

• ₱10 727.33

• ₱13 499.12