Free Printable GenMath Reviewer 2

1.

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

a)

Creditor

b)

Debtor

c)

Borrower

d)

Mortgagor

2.

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

a)

Annually

b)

Maturity Date

c)

Origin

d)

Repayment Date

3.

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

a)

Mortgagee

b)

Creditor

c)

Lending Company

d)

Debtor

4.

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

a)

Rate

b)

Principal

c)

Interest

d)

Time/Term

5.

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

a)

Principal

b)

Accumulated Value

c)

Present Value

d)

Interest

6.

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

a)

Interest

b)

Payment

c)

Penalty

d)

Investment

7.

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

a)

General Annuity

b)

General Annuity

c)

Simple Interest

d)

Compound Interest

8.

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

a)

Annuity

b)

Interest

c)

Maturity Value

d)

Principal

9.

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

a)

Term

b)

Annually

c)

Semi-annually

d)

Loan Date

10.

The date on which the loan gets paid.

a)

Repayment Date

b)

Conversion Period

c)

Origin

d)

Maturity Date

11.

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

a)

General Annuity

b)

General Annuity

c)

Simple Interest

d)

Compound Interest

12.

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

a)

IS = Prt

b)

IS = P2rt

c)

IS = Pr2t

d)

IS = Prt2

13.

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

a)

Annuity

b)

Interest

c)

Maturity Value

d)

Principal

14.

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

a)

Annuity Certain

b)

Regular Payments

c)

Perpetuities

d)

Installment

15.

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

a)

0.25

b)

0.3333

c)

0.6667

d)

0.75

16.

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

a)

2

b)

4

c)

12

d)

24

17.

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

a)

PHP 12,500

b)

PHP 37,500

c)

PHP 50,000

d)

PHP 62,500

18.

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

a)

General Annuity

b)

Uncertain Annuity

c)

Annuity Certain

d)

Simple Annuity

19.

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

a)

General Annuity

b)

Uncertain Annuity

c)

Annuity Certain

d)

Simple Annuity

20.

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

a)

Cash Value

b)

Present Value

c)

Payment

d)

Future Value

21.

It is a share in the ownership of a company.

a)

Stocks

b)

Bonds

c)

Share

d)

Stock Market

22.

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

a)

Stocks

b)

Bonds

c)

Share

d)

Stock Market

23.

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

a)

Par Value

b)

Market Value

c)

Stock Price

d)

Stock Market

24.

Who are the issuers of stocks?

a)

Stock Market

b)

Government Banks

c)

Corporate

d)

Government

25.

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

a)

Stocks

b)

Bonds

c)

Financing

d)

Lending

26.

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

a)

Business Loan

b)

Consumer Loan

c)

Financing

d)

Mortgage

27.

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

a)

Business Loan

b)

Consumer Loan

c)

Lending

d)

Amortization

28.

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

a)

Mortgage

b)

Consumer Loan

c)

Business Loan

d)

Amortization

29.

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

a)

Mortgage

b)

Financing

c)

Lay-away

d)

Amortization

30.

Any remaining debt at a specific time.

a)

Outstanding Balance

b)

Regular Payment

c)

Future Value

d)

Principal

31.

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

a)

True

b)

False

c)

Maybe

d)

Can't determine

32.

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

a)

Command

b)

Imperative

c)

Proposition

d)

Paradox

33.

Conjunction is a compound proposition connected by what word or set of words?

a)

And

b)

Or

c)

If … then

d)

If and only if

34.

Disjunction proposition can be written in the symbol as:

a)

~p

b)

p → q

c)

p ˄ q

d)

p ˅ q

35.

Which of the following is not a tautology?

a)

Modus Ponens

b)

Hypothetical Syllogism

c)

Modus Tollens

d)

Misuse of Disjunctive Reasoning

36.

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

a)

Fallacy of converse

b)

Fallacy of the inverse

c)

Misuse of disjunctive reasoning

d)

Misuse of transitive reasoning

37.

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

a)

Negation Transformation

b)

Logical Proposition

c)

Rules of Inference

d)

Truth Table

38.

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

a)

~p is always false

b)

~p is always true

c)

~p is either true or false

d)

~p can never be true or false

39.

Which of the following sentences is a proposition?

a)

The man is faithful and responsible.

b)

STOP! You are not allowed to leave the house.

c)

Am I ready?

d)

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

40.

Given the statement p: "Jay lives in Sarangani", and q: "Jay drives a red car", write the compound proposition "Jay lives in Sarangani and Jay drives a red car" using the appropriate symbol.

a)

p ˄ q

b)

p ˅ q

c)

p → q

d)

p ↔ q

41.

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?

(a)

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 Principal amount Jennifer invested in the bank?

a)

PHP 475,000

b)

PHP 1.5

c)

PHP 4

d)

PHP 4.75

43.

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?

a)

0.015

b)

1.5

c)

15%

d)

0.15

44.

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?

a)

4 years

b)

5 months

c)

4.5 years

d)

Monthly

45.

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)?

a)

4.05

b)

4.5

c)

4.4167

d)

4.0005

46.

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)?

a)

0.01877

b)

0.01878

c)

0.01876

d)

0.01875

47.

Provide the symbols of the compound propositions below. Consider these propositions p : A rectangle is a quadrilateral. q : A rectangle is a four-sided shape. r : A rectangle has one acute angle.

"A rectangle is a quadrilateral or it has one acute angle"

a)

p

b)

q

c)

r

d)

p ˅ q

48.

Provide the symbols of the compound propositions below. Consider these propositions p : A rectangle is a quadrilateral. q : A rectangle is a four-sided shape. r : A rectangle has one acute angle.

"If a rectangle is not a four-sided shape, then it is not a quadrilateral"

a)

~q

b)

~p

c)

p → ~q

d)

q → ~p

49.

Provide the symbols of the compound propositions below. Consider these propositions p : A rectangle is a quadrilateral. q : A rectangle is a four-sided shape. r : A rectangle has one acute angle. "Either a rectangle is a four-sided shape or a quadrilateral, or it has one acute angle."

a)

p ˄ q

b)

p ˅ q

c)

r ˅ q

d)

p → q

50.

Provide the symbols of the compound propositions below. Consider these propositions p : A rectangle is a quadrilateral. q : A rectangle is a four-sided shape. r : A rectangle has one acute angle. "A rectangle is a quadrilateral if and only if it has one acute angle and it is a four-sided shape"

a)

p ↔ (r ˄ q)

b)

p v (r ˄ q)

c)

(p ˄ q) → q

d)

p ↔ q

51.

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

a)

the amount of money borrowed or deposited

b)

the percent interest for his year

c)

the amount taxed

d)

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

52.

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

a)

150

b)

192

c)

1350

d)

1392

53.

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

a)

Principle

b)

Interest

c)

Time

d)

Percent Rate

54.

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

a)

divide 12 by the months

b)

divide the months by 12

c)

multiply 12 times the months

d)

change the months to a decimal

55.

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

a)

Important

b)

Interest

c)

Internet

d)

Igloo

56.

The compound interest formula is:

A = P(1 + r)^t

What does the A represent?

a)

The amount of interest earned.

b)

The amount of time that has passed.

c)

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

d)

The amount required to invest.

57.

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

a)

compound interest

b)

simple interest

c)

annuity

d)

annuity certain

58.

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

a)

annuity certain

b)

annuity uncertain

c)

simple annuity

d)

general annuity

59.

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

a)

annuity certain

b)

annuity uncertain

c)

simple annuity

d)

general annuity

60.

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.

a)

Business Loan

b)

Consumer Loan

61.

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

a)

Business Loan

b)

Consumer Loan

62.

Which one is a proposition

a)

I need to study more.

b)

Welcome

c)

Everything is great.

d)

Zonguldak is a city of Turkey.

63.

Logic is the study of

a)

the methods and principles of reasoning

b)

the science of reasoning

c)

Mathematical reasoning

d)

All the above

64.

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

a)

No math teachers are boring

b)

Not all math teachers are boring

c)

My math teacher is boring

d)

All math teachers are not boring

65.

Which of the following isTRUE about statement or proposition?

a)

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

b)

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

c)

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

d)

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

66.

Which statement has a true truth value?

a)

Fish can walk

b)

Chicken has four legs.

c)

Birds can fly.

d)

Shark has two legs.

67.

In proving √5 as irrational, we begin with assumption √5 is rational in which type of proof?

a)

Direct proof

b)

Contrapositive proofs

c)

Vacuous proof

d)

Mathematical Induction

68.

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

a)

Direct proof

b)

Contrapositive proofs

c)

Counter Example

d)

Mathematical Induction

69.

It is an argument that establishes a true statement.

a)

proof

b)

direct

c)

indirect

d)

methods

70.

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

a)

true

b)

even

c)

false

d)

odd

71.

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

a)

inverse

b)

transpose

c)

converse

d)

contrapositive

GenMath Reviewer 2

Total questions: 71

Worksheet time: 49mins

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