General Mathematics Second Quarter Examination

Solve the period of deferral. Payments of Php 2,000 at the end every six months for five years with the first payment made two years from now.

• 3

• 4

• 5

• 6

Sammy invested money from Lucena Rural Bank at 1.05% simple interest for 3 years. It was charged ₱472.50 for interest. What formula will be used to determine the amount of borrowed money?

• 𝐼 = 𝑃𝑟𝑡

• P=Irt

• I=F(1+j)n

• P=F(1+r)t

Which of the following indices is commonly used to track the performance of the stock market?

• NASDAQ Composite

• Bond Market Index

• Dow Jones Industrial Average

• Treasury Bond Index

All of the following are used to find simple interest, EXCEPT?

• future value

• principal

• rate of interest

• time

It is an annuity in which first payment starts at some future date.

• Annuity Certain

• Annuity Due

• Deferred Annuity

• Ordinary Annuity

It is the amount after t years that the lender will receive from the borrower.

• Future value

• Present value

• Principal

• Interest

Which interest is computed on the principal and then added to it?

• Annuity Due

• Compound

• Ordinary Annuity

• Simple

Borrowing money to fund the business expenses.

• Business Loan

• Consumer Loan

• Loan

• None of the above

How are simple annuities typically structured?

• Payments are made at regular intervals for a fixed period of time.

• Payments are made at irregular intervals for a variable period of time.

• Payments are made at irregular intervals for a fixed period of time.

• Payments are made at regular intervals for a variable period of time.

It is an annuity where payment interval and interest period do not coincide.

• Annuity Due

• General Annuity

• Ordinary Annuity

• Simple Annuity