Quiz about GenMath Reviewer 2

Question 1

The person (or institution) who invests the money or makes the funds available.

Accepted Answer

Creditor

Answer

Debtor

Answer

Borrower

Answer

Mortgagor

Question 2

What is the date on which money is received by the borrower?

Accepted Answer

Repayment Date

Answer

Annually

Answer

Maturity Date

Answer

Origin

Question 3

The person (or institution) who owes the money or avails of the funds from the lender.

Accepted Answer

Debtor

Answer

Mortgagee

Answer

Creditor

Answer

Lending Company

Question 4

It is in percent, charged by the lender, or rate of increase of the investment.

Accepted Answer

Interest

Answer

Rate

Answer

Principal

Answer

Time/Term

Question 5

The amount after t years; that the lender receives from the borrower on the maturity date.

Accepted Answer

Accumulated Value

Answer

Principal

Answer

Present Value

Answer

Interest

Question 6

What is the amount paid or earned for the use of money?

Accepted Answer

Interest

Answer

Payment

Answer

Penalty

Answer

Investment

Question 7

The type of interest that is computed solely on the principal and then added to it.

Accepted Answer

Simple Interest

Answer

General Annuity

Answer

General Annuity

Answer

Compound Interest

Question 8

It is the amount of money borrowed or invested on the origin date.

Accepted Answer

Principal

Answer

Annuity

Answer

Interest

Answer

Maturity Value

Question 9

What is the amount of time in years the money is borrowed or invested?

Accepted Answer

Term

Answer

Annually

Answer

Semi-annually

Answer

Loan Date

Question 10

The date on which the loan gets paid.

Accepted Answer

Repayment Date

Answer

Conversion Period

Answer

Origin

Answer

Maturity Date

Question 11

The type of interest that is computed on the principal and also on the accumulated past interests.

Accepted Answer

Compound Interest

Answer

General Annuity

Answer

General Annuity

Answer

Simple Interest

Question 12

Which of the following is the correct equation used in Simple Interest computation?

Accepted Answer

IS = Prt

Answer

IS = P2rt

Answer

IS = Pr2t

Answer

IS = Prt2

Question 13

A sequence of payments made at equal (fixed) interval or periods of time is called what?

Accepted Answer

Annuity

Answer

Interest

Answer

Maturity Value

Answer

Principal

Question 14

A series of periodic payments which are to run infinitely or forever is called what?

Accepted Answer

Perpetuities

Answer

Annuity Certain

Answer

Regular Payments

Answer

Installment

Question 15

What will be the time or term of an investment at simple interest for 9 months?

Accepted Answer

0.3333

Answer

0.25

Answer

0.6667

Answer

0.75

Question 16

What will be the value of compounding or conversion period if a loan is compounded semi-annually?

Accepted Answer

12

Answer

2

Answer

4

Answer

24

Question 17

Calculate the Future Value of a loan with a principal of PHP 50,000 and accumulated interest of PHP 12,500.

Accepted Answer

PHP 62,500

Answer

PHP 12,500

Answer

PHP 37,500

Answer

PHP 50,000

Question 18

An annuity in which payments begin and end at a definite time is a/an ________________.

Accepted Answer

Annuity Certain

Answer

General Annuity

Answer

Uncertain Annuity

Answer

Simple Annuity

Question 19

An annuity where payment interval is the same as the interest period is a/an _______________.

Accepted Answer

Simple Annuity

Answer

General Annuity

Answer

Uncertain Annuity

Answer

Annuity Certain

Question 20

A down payment (if there is any) plus present value of the annuity is called what?

Accepted Answer

Present Value

Answer

Cash Value

Answer

Payment

Answer

Future Value

Question 21

It is a share in the ownership of a company.

Accepted Answer

Stocks

Answer

Bonds

Answer

Share

Answer

Stock Market

Question 22

It is a place where stocks can be bought or sold.

Accepted Answer

Stock Market

Answer

Stocks

Answer

Bonds

Answer

Share

Question 23

It is the current price of a stock at which it can be sold.

Accepted Answer

Market Value

Answer

Par Value

Answer

Stock Price

Answer

Stock Market

Question 24

Who are the issuers of stocks?

Accepted Answer

Corporate

Answer

Stock Market

Answer

Government Banks

Answer

Government

Question 25

A form of equity financing or raising money by allowing investors to be part owners of the company.

Accepted Answer

Stocks

Answer

Bonds

Answer

Financing

Answer

Lending

Question 26

It is money lent to an individual for personal or family purposes.

Accepted Answer

Consumer Loan

Answer

Business Loan

Answer

Financing

Answer

Mortgage

Question 27

It is a financial obligation of paying a loan and its interest through a series of regular equal payments.

Accepted Answer

Amortization

Answer

Business Loan

Answer

Consumer Loan

Answer

Lending

Question 28

It is a business loan or consumer loan that is secured with collateral.

Accepted Answer

Mortgage

Answer

Consumer Loan

Answer

Business Loan

Answer

Amortization

Question 29

It is a method of paying a loan on an installment basis, usually of equal amounts at regular intervals.

Accepted Answer

Amortization

Answer

Mortgage

Answer

Financing

Answer

Lay-away

Question 30

Any remaining debt at a specific time.

Accepted Answer

Outstanding Balance

Answer

Regular Payment

Answer

Future Value

Answer

Principal

Question 31

The truth table final answer if p is true and q is false for disjunction is?

Accepted Answer

False

Answer

True

Answer

Maybe

Answer

Can't determine

Question 32

It is a declarative sentence that is either true or false, but not both.

Accepted Answer

Proposition

Answer

Command

Answer

Imperative

Answer

Paradox

Question 33

Which of the following is not a tautology?

Accepted Answer

Modus Ponens

Answer

Hypothetical Syllogism

Answer

Modus Tollens

Answer

Misuse of Disjunctive Reasoning

Question 34

"If it rains, then the road is wet. It did not rain, Therefore, the road is not wet." What type of fallacy was committed?

Accepted Answer

Misuse of disjunctive reasoning

Answer

Fallacy of converse

Answer

Fallacy of the inverse

Answer

Misuse of transitive reasoning

Question 35

Scheme used for listing all possible truth values to determine if the propositions are true or false is?

Accepted Answer

Truth Table

Answer

Negation Transformation

Answer

Logical Proposition

Answer

Rules of Inference

Question 36

If p is a proposition, then the following statements are true about ~p, except ...

Accepted Answer

~p is always true

Answer

~p is always false

Answer

~p is either true or false

Answer

~p can never be true or false

Question 37

Which of the following sentences is a proposition?

Accepted Answer

The man is faithful and responsible.

Answer

STOP! You are not allowed to leave the house.

Answer

Am I ready?

Answer

Buy one kilo of rice when you go to the market.

Question 38

Problem: A time deposit account in a bank yields 1.5% interest compounded monthly. Jennifer invested PHP 475,000 in the said bank. How much total money does she have after 4 years and 5 months? What is the Principal amount Jennifer invested in the bank?

Accepted Answer

PHP 475,000

Answer

PHP 1.5

Answer

PHP 4

Answer

PHP 4.75

Question 39

Problem: A time deposit account in a bank yields 1.5% interest compounded monthly. Jennifer invested PHP 475,000 in the said bank. How much total money does she have after 4 years and 5 months? What is the Interest Rate in decimal form for the time deposit account?

Accepted Answer

0.015

Answer

1.5

Answer

15%

Answer

0.15

Question 40

Problem: A time deposit account in a bank yields 1.5% interest compounded monthly. Jennifer invested PHP 475,000 in the said bank. How much total money does she have after 4 years and 5 months? What is the Compounding or Conversion Period for Jennifer's investment?

Accepted Answer

Monthly

Answer

4 years

Answer

5 months

Answer

4.5 years

Question 41

Problem: A time deposit account in a bank yields 1.5% interest compounded monthly. Jennifer invested PHP 475,000 in the said bank. How much total money does she have after 4 years and 5 months? How many years is the Term of Jennifer's investment (write 4 decimal places only)?

Accepted Answer

4.4167

Answer

4.05

Answer

4.5

Answer

4.0005

Question 42

Problem: A time deposit account in a bank yields 1.5% interest compounded monthly. Jennifer invested PHP 475,000 in the said bank. How much total money does she have after 4 years and 5 months? What is the Interest Rate per Compounding Period for Jennifer's time deposit (5 decimal places)?

Accepted Answer

0.01877

Answer

0.01878

Answer

0.01876

Answer

0.01875

Question 43

The simple interest formula is I=Prt. The P represents the principle. The principle is ___________________.

Accepted Answer

the amount of money borrowed or deposited

Answer

the percent interest for his year

Answer

the amount taxed

Answer

the amount the bank owes you for being a customer at their bank

Question 44

Emilio borrows $1200 from a bank with 8% simple interest per year.  How much will he have to pay back total in 2 years?

Accepted Answer

1392

Answer

150

Answer

192

Answer

1350

Question 45

The simple interest formula is I=Prt. What does the t represent?

Accepted Answer

Time

Answer

Principle

Answer

Interest

Answer

Percent Rate

Question 46

If you are calculating the simple interest and you are given the time in months. How can you find the time in years?

Accepted Answer

divide the months by 12

Answer

divide 12 by the months

Answer

multiply 12 times the months

Answer

change the months to a decimal

Question 47

What does the "I" in the interest formula stand for?

Accepted Answer

Interest

Answer

Important

Answer

Internet

Answer

Igloo

Question 48

The compound interest formula is:

A = P(1 + r)^t

What does the A represent?

Accepted Answer

The total amount of money after a certain amount of time.

Answer

The amount of interest earned.

Answer

The amount of time that has passed.

Answer

The amount required to invest.

Question 49

What is referred to as a fixed sum of money paid to someone at regular intervals, subject to a fixed compound interest rate?

Accepted Answer

annuity

Answer

compound interest

Answer

simple interest

Answer

annuity certain

Question 50

What type of annuity is illustrated when the interest conversion or compounding period is equal or the same as the payment interval?

Accepted Answer

simple annuity

Answer

annuity certain

Answer

annuity uncertain

Answer

general annuity

Question 51

What type of annuity is illustrated when the interest conversion or compounding period is unequal or not the same as the payment interval?

Accepted Answer

general annuity

Answer

annuity certain

Answer

annuity uncertain

Answer

simple annuity

Question 52

Mr. Lim wants to have another branch for his cellphone repair shop. He decided to apply for a loan that he can use to pay for the rentals of the new branch.

Accepted Answer

Business Loan

Answer

Consumer Loan

Question 53

Mrs. Alonzo decided to take her family for a vacation. To cover the expenses, she decided to apply for a loan.

Accepted Answer

Consumer Loan

Answer

Business Loan

Question 54

Which one is a proposition

Accepted Answer

Zonguldak is a city of Turkey.

Answer

I need to study more.

Answer

Welcome

Answer

Everything is great.

Question 55

Logic is the study of

Accepted Answer

All the above

Answer

the methods and principles of reasoning

Answer

the science of reasoning

Answer

Mathematical reasoning

Question 56

The negation of the statement "All Math teachers are boring" is

Accepted Answer

Not all math teachers are boring

Answer

No math teachers are boring

Answer

My math teacher is boring

Answer

All math teachers are not boring

Question 57

Which of the following isTRUE about statement or proposition?

Accepted Answer

It is a declarative sentence. It is either TRUE or FALSE, but NOT BOTH.

Answer

It is a declarative sentence. It is TRUE but can't be FALSE

Answer

It is a declarative sentence. It can be both TRUE or FALSE.

Answer

It is a declarative sentence. It is neither TRUE or FALSE.

Question 58

Which statement has a true truth value?

Accepted Answer

Birds can fly.

Answer

Fish can walk

Answer

Chicken has four legs.

Answer

Shark has two legs.

Question 59

Which of the following can only be used in disproving the statements?

Accepted Answer

Counter Example

Answer

Direct proof

Answer

Contrapositive proofs

Answer

Mathematical Induction

Question 60

It is an argument that establishes a true statement.

Accepted Answer

proof

Answer

direct

Answer

indirect

Answer

methods

Question 61

By direct proof, we assume that p is __________ and prove that q is true.

Accepted Answer

true

Answer

even

Answer

false

Answer

odd

Question 62

In indirect proof, the _______ of the implication "if p then q" is considered.

Accepted Answer

contrapositive

Answer

inverse

Answer

transpose

Answer

converse

GenMath Reviewer 2

71 questions

The person (or institution) who invests the money or makes the funds available.

What is the date on which money is received by the borrower?

The person (or institution) who owes the money or avails of the funds from the lender.

It is in percent, charged by the lender, or rate of increase of the investment.

The amount after t years; that the lender receives from the borrower on the maturity date.

What is the amount paid or earned for the use of money?

The type of interest that is computed solely on the principal and then added to it.

It is the amount of money borrowed or invested on the origin date.

What is the amount of time in years the money is borrowed or invested?

The date on which the loan gets paid.

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