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Business Mathematics (NATG12 REVIEW)

Total questions: 14

Worksheet time: 28mins

Name
Class
Date
1.

A refrigerator is for sale at P17,999 in cash or on terms, P1,600 each month for the next 12 months. Money is 9% compounded monthly. Which is lower?

a)

Cash price

b)

The present value of the installment terms

2.

Write 3/10 as a percent

a)

3%

b)

30%

c)

0.3%

d)

0.03%

3.

Simply tells us how many parts of a whole we have. It is composed of numerator and denominator.

a)

Denominator

b)

Fraction

c)

Vinculum

d)

Numerator

4.

James aims to accumulate 1 Million pesos in 12 years. Which investment will require the smallest present value?

a)

8% simple interest

b)

8% Compounded Annually

c)

8% Compounded Quarterly

d)

8% Compounded Monthly

5.

A financial institution declared a dividend of P75,000.000 for its common stock. Suppose there are 900,000 shares of common stock, how much is the dividend per share?

a)

P100

b)

P83.33

c)

P0.083

d)

P57.58

6.

Interest is computed on the principal and then added to it.

a)

Coupon

b)

Interest (I)

c)

Simple Interest

d)

Compound Interest

7.

Two variables say x and y, varying such that as x increases, y also increases or as x decreases, y also decreases always the proportionally; that is the ratio x/y same. The same holds true with the ratio y/x.

a)

Partitive Proportion

b)

Inverse Proportion

c)

Direct Proportion

d)

Ratio and Proportion

8.

What percent of 24 is 12?

a)

25%

b)

50%

c)

60%

d)

75%

9.

The amount of money borrowed or invested on the origin date.

a)

Principal (P)

b)

Interest (I)

c)

Simple Interest

d)

Maturity Value or Future Value

10.

Mr. Sarmiento aims to have his investment grow to P500,000 in 4 years. how much should he invest in an account that pays 5% compounded annually?

a)

411,351.24

b)

607,753.13

c)

389,451

d)

745,212.90

11.

A bank offers a 0.25% annual simple interest rate for a particular deposit. After a year 2,500 pesos will be earned from 1 million pesos deposited. What is the interest?

a)

1 Million

b)

2500

c)

0.25%

d)

1 year

12.

A bank offers a 0.25% annual simple interest rate for a particular deposit. After a year 2,500 pesos will be earned from 1 million pesos deposited. How many years it takes to earn an interest of 2,500 pesos.

a)

2 years

b)

half a year

c)

5 years

d)

1 year

13.

Express 200% as a decimal.

a)

20

b)

2

c)

0.2

d)

0.02

14.

What is 3/10 in decimal?

a)

3

b)

1

c)

0.3

d)

0.5