
2nd Quarterly Practice Exam
Authored by Chrisha Dimapilis
Mathematics
11th Grade
Used 2+ times

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50 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
This is the initial payment for the use of goods, items, or service.
downpayment
loan
collateral
interest
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the process of repaying a loan through equal payments?
amortization of loan
amortization
amortization period
amortization schedule
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which is the one who lends the mortgage?
mortgagee
mortgager
mortgagor
mortgage
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Ramil secured a house and lot from a real estate company worth ₱2,500,000 with a 20% downpayment. How much is the downpayment?
₱25,000
₱50,000
₱250,000
₱500,000
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Ramil secured a house and lot from a real estate company worth ₱2,500,000 with a 20% downpayment. How much is the outstanding balance after the downpayment?
₱500,000
₱2,000,000
₱2,500,000
₱3,000,000
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
This is a way of compensation given to employees who sell company's products and services.
income
salary
commission
wage
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What type of commission is this: the commission rate increases as the sales volume increases?
graduated commission
commission with override
straight commission
commission and bonus
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