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NAME: _________________________________________ SCORE: ___________

REVIEW TEST in GENERAL MATHEMATICS 11


DIRECTIONS: Read and analyze each problem. Show your solution properly and neatly inside the solution box
that is provided after each problem. Box your final answer.
***Note: Each problem will be scored 10 points each.

1. An amount of Php 150, ooo is invested for 9 months at 4%. Find the a.) interest. b.) maturity value.
Given:

2. An amount of Php 1, 000, 000 is invested in a financial institution.


a. How long will it take for the amount to reach Php 1, 001, 000 at 2% simple interest?
b. At what interest rate will it earn Php 1,000 in 10 months?
Given:

CLARA MAE MACATANGAY 1


3. Find the exact interest and ordinary interest given the following values:
- Php 5, 000 for 120 days at 5%
Given:

4. Mr. Seniro issued a promissory note on May 8, 2015 to BPI accounting to Php 100, ooo with interest
at 6%. The due date is October 8, 2015. Determine the maturity value to be paid.
Given:

CLARA MAE MACATANGAY 2


5. Compute for the compound amount and compound interest on Php 100, 000 principal for 2 years at
3% compounded quarterly.
Given:

6. Find the present value of Php 50, 000 due in 8 years at 4% compounded monthly.
Given:

CLARA MAE MACATANGAY 3


7. Dr. Boiser deposited part of her royalty in a bank at the end of the year for 8 years. The bank paid
2.5% interest compounded annually. If she deposited php 200,000 every year, how much did she
deposit, including the interest, after her 8th deposit?
Given:

8. Mr. Torres wants to buy a simple ordinary annuity of Php 100, 000 per year for 5 years. He wants to
enter a contract with KT Company and deposit a certain amount so that later, the company will pay
him Php 100, 000 per year for 5 years. Suppose KT Company offered 2.2% compounded annually,
find the amount Mr. Torres should deposit to KT Company.
Given:

CLARA MAE MACATANGAY 4


9. – 10. A smart phone was bought at an amortized loan of Php 20, 000 with 18% annual interest to be
paid in 5 months.
a. Find the monthly amortization.
b. Construct an amortization schedule for this loan.
Given:

CLARA MAE MACATANGAY 5