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General Mathematics Summative Test

Total questions: 25

Worksheet time: 25mins

Name
Class
Date
1.

An amount paid or earned for the use of money is called ______________.

a)

Loan

b)

Interest

c)

Investor

d)

Savings

2.

A principal of Php2,000 is placed in a savings account at 0.1% per annum compounded annually. How much is in the account after one year?

a)

Php2,002

b)

Php2,020

c)

Php2,200

d)

Php2,220

3.

Payments of Php1,000 each are made at the beginning of each year with interest compounded quarterly is an example of _________ annuity.

a)

Simple Annuity

b)

General Annuity

c)

Annuity Certain

d)

Contingent Annuity

4.

What is the truth value of the compound proposition, 'If two is odd, then it is not divisible by two'.

a)

True

b)

False

c)

Undecidable

d)

All of these

5.

Which of the following is NOT a proposition?

a)

Today is a holiday.

b)

It is not true that Jose Rizal is a hero.

c)

Davao is the city of majestic waterfalls.

d)

I am lying.

6.

A food corporation declared a dividend of Php25,000,000 for its common stock. Suppose there are 5,000 shares of common stock, how much is the dividend per share?

a)

Php20,000

b)

Php30,000

c)

Php5,000

d)

Php50,000

7.

Variable P in simple interest formula when you are the creditor stands for?

a)

Original Amount borrowed

b)

Original Amount invested

c)

Maturity Amount Borrowed

d)

Maturity Amount invested

8.

Which of the following describes rate (r)?

a)

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

b)

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

c)

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

d)

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

9.

Given that P = ₱5,250, r = 1.25% and t = 5 years, find the simple interest.

a)

₱32,812.50

b)

₱3,281.25

c)

₱328.13

d)

₱32.82

10.

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

a)

Stocks

b)

Stock Market

c)

Market Value

d)

Dividend

11.

The current price of stock at which it can be sold.

a)

Par Value

b)

Market Value

c)

Dividend

d)

Stock Market

12.

A place where stocks can be bought or sold which is governed by PSE.

a)

Government Financial Institutions

b)

Banks

c)

Stock Market

d)

None of these.

13.

The face value or per share amount which is stated in the Stockholder's Certificate.

a)

Dividend Per Share

b)

Stock Yield Ratio

c)

Market Value

d)

Par Value

14.

A food corporation declared a dividend of Php25,000,000 for its common stock. Suppose there are 180,000 shares of common stock, how much is the dividend per share? Round to the nearest centavo.

a)

Php138.89

b)

Php138.99

c)

Php139.89

d)

Php139.99

15.

The Henley’s took out a new home loan for P195,000 at a simple interest rate of 4.3%. How much will they pay in interest after 30 years?

a)

P446,550

b)

P2515.50

c)

P25,155

d)

P251,550

16.

It is a type of secured loan that makes use of real property such as house or lot as collateral.

a)

Amortization

b)

Mortgage

c)

Documentation

d)

Guarantor

17.

A sequence of payments made at equal (fixed) intervals or periods of time

a)

Annuity

b)

Bond

c)

Stocks

d)

Income

18.

An annuity where the payment interval is the same as the interest period

a)

Simple Annuity

b)

General Annuity

c)

Ordinary Annuity

d)

Annuity Certain

19.

A type of annuity in which the payments are made at the end of each payment interval.

a)

Simple Annuity

b)

General Annuity

c)

Ordinary Annuity

d)

Annuity Certain

20.

Periodic interest payment that the bondholder receives during the time between purchase date and maturity date

a)

Coupon

b)

Share

c)

Bond

d)

Par Value

21.

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

a)

Statement

b)

Proposition

c)

Conjunction

d)

Argument

22.

Which of the following is an example of simple proposition?

a)

If x+4 = 3, then x = -1

b)

Right angle measures 90 degrees.

c)

Either 2 or 1 is the value of x in the equation x2+2x-2.

d)

All of these

23.

Which of the following is an example of compound proposition?

a)

If a polygon has 3 sides, then it is a triangle.

b)

It is not the case that  is a rational number.

c)

Either Mathematics is fun and interesting, or it is boring.

d)

All of these

24.

Identify the hypothesis of the given conditional statement: If it is raining outside, then you will need an umbrella.

a)

Raining

b)

It is raining outside

c)

You need an umbrella

d)

If it is raining outside, then you will need an umbrella

25.

Statements that have the same truth value are called .

a)

Equal

b)

Logically Equivalent

c)

Logically Inequality

d)

Congruent