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GENERAL DIRECTIONS: Read and analyze each direction carefully. Use additional sheets for
your computations if necessary.
I. MULTIPLE CHOICES.
Directions: Read and understand the statements then solve for what is asked. Write the letter of
the correct answer on the space provided before each number. If the answer is not among the
choices, write the correct answer.
_____1. It is the person or institution who invests the money or makes the funds available.
a. Lender b. Borrower c. Capitalists
_____2. A person or institution who owes the money or avails of the funds
a. Lender b. Borrower c. Capitalists
_____3. The date on which the money is received by the borrower
a. Origin date b. Future date c. Maturity date
_____4. The amount of time in years the money is borrowed or invested
a. Term b. Rate c. Interest d. Principal
_____5. The date on which the money borrowed or loan is to be completely repaid
a. Origin date b. Future date c. Maturity date
_____6. The amount of money borrowed or invested on the origin date
a. Term b. Rate c. Interest d. Principal
_____7. The rate of increase of the investment.
a. Term b. Maturity value c. Interest d. Principal
_____8. Amount paid or earned for the use of money.
a. Term b. Maturity value c. Interest d. Principal
_____9. Interest that is computed on the principal and then added to it.
a. Simple Interest b. Compound Interest
_____10. Interest that is computed on the principal and also on the accumulated past interests.
a. Simple Interest b. Compound Interest
_____11. The amount after t years that the lender receives from the borrower on the maturity date.
a. Simple Interest b. Maturity value c. Compound Interest d. Principal
_____12. It is the amount get when Principal amount is multiplied by rate.
a. Interest b. Maturity Value c. Present Value
_____13. The amount get when Interest is added to the Principal amount.
a. Interest b. Maturity Value c. Present Value
_____14.If the rate is 0.05%, it is equal to ____________.
a. .05 b. 5 c. 50 d. 0.0005
_____15. If the rate is 10%, it is ___________________
a. 0.10 b. 10 c. 0.0010 d. 0.010
_____16.What are the amounts of interest of a loan for P25,000 at 12% simple interest for 5 years?
a. P10,000 b. P15,000 c. P20,000
_____17.What are the amounts of maturity of the given in number 16?
a. P40,000 b. P35,000 c. P30,000
_____18. How much money will you have after 4.25 years if you deposited P10,000 in a bank that
pays 0.5% simple interest?
a. P10,212.50 b. P10,212.00 c. P10,212.25
_____19.Find the interest earned of a loan of P65,000 if the loan is given at a rate of 20% and is
due in 3 years.
a. P40,000 b. P39,000 c. P41,000
GENERAL MATHEMATICS Page 2 of 3
_____42. How much is the Principal amount that is deposited in the saving account on this bank?
a. P1,000,000 b. P1,112,500 c. P1,012,500
_____43. How much is the interest earned after 2 years?
a. P2,500 b. P5,500 c. P5,000
_____44. How much is the maturity value after 5 years?
a. P1,000,000 b. P1,112,500 c. P1,012,500
_____45. How much is the interest earned after 5 years?
a. P12,500 b. P15,500 c. P15,000
2. Miko borrowed P25,000 at 10% annual simple interest per year. How much
should he pay after 3 years?
_____48. How long will Mr. Ocampos’ money invested in JDP Bank?
a. 12 years b. 14 years c. 13 years
_____49. How much is the interest earned of his money after 10 years?
a. P239,061.38 b. P239,061.37 c. P239,062.00
_____50. How much will be his money after his sons graduation?
a. P517,840.68 b. P517,841.68 c. P517,840.67
IV. Directions: Solve what is being asked in the following. Write your answers and solutions at the
back of this page.
“Trust yourself, you know more than you think you do”.
Students Signature:______________________________________