General Mathematics 2nd Quarter Long Quiz

It is the amount paid or earned for the use of money.

• Interest

• Rate

• Term

• Time

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

• simple interests      

• simple annuity      

• compound interests

• general annuity

An annuity where the payment interval is not the same as the interest period.

• simple interests      

• simple annuity               

• compound interests  

•    general annuity

 Person or institution that owes or avails of the funds.

• a. Principal  

• b. Borrower

• c. Lender   

• d. User

Person or institution that invests the money or makes the funds available.

• a. Principal  

• b. Borrower          

• c. Lender   

• d. User

 It is the share in the ownership of a company.

• a. Stocks

• b. Loans

• c. Interest      

• d. Bonds

 What is the equivalent term in years, if the term of a loan is 3 years and 9 months?

• a. 3.5 years   

• b. 3.75 years    

• c. 8.83 years

• d. 3.167 years

 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?

• a. Php 8,750.50

• b. Php 18,750.00

• c. Php 14,204.76

• d. Php 9,850.09

₱15,000 is compounded annually at an interest rate of 3% in 6 years. What is the maturity value?

• a. Php 14,645.45

• b. Php 17,910.78  

• c. Php 16,098.72

• d. Php 14,328.62

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?

• a. Php 4,000

• b. Php 10,000      

• c. Php 6,000

• d. Php 8,000