2nd Quarter Midterm Examination

in
GENERAL MATHEMATICS

Name______________________________________________Grade/Section______________Date: ________

Directions:
 Answer ALL the questions.
 Read each questions carefully and choose the BEST answer
 Write your answers in a lengthwise size of yellow paper.

I- Multiple Choice: Choose the letter of the correct answer and write it on your paper.

1. When planning in investing your money in a bank, wherein the bank pays interest, which type
of interest would you select?
a. Simple Interest b. Compound Interest c. Interest rate d. Principal
Interest
2. If you are to barrow a money in a bank, in which you pay interest what type of interest would
you select?
a. Simple Interest b. Compound Interest c. Interest rate d. Principal
Interest
3. It refers to the interest which is computed on the principal and then added in to it
a. Simple Interest b. Compound Interest c. Interest rate d. Principal
Interest
4. The interest which is computed on the principal and also on the accumulated past interest is
called
a. Simple Interest b. Compound Interest c. Interest rate d. Principal Interest
5. The annuity that does not begin until a given time interval has passed is called
a. Period of Deferral b. Deferred Annuity c. Annuity Immediate d. Annuity
6. In annuities, what is the time that refers between the purchase of an annuity and the start of
the payment s for the differed annuity?
a. Period of Deferral b. Deferred Annuity c. Annuity Immediate d. Annuity
7. To find the Maturity and Compounding value the formula that you will use is
𝑖𝑚
F = 𝑃(1 + 𝑚
)mt , has the same structure as,
𝑖𝑚 𝑖𝑚
a. P = 𝐹(1 + )mt . b. F = 𝑃(1 + 𝑗)𝑚t c. P = 𝐹(1 + ) d. F = (1 + j)𝑚t
𝑚 𝑚
8. It refers to the (n=tm = frequency of conversion x time in years.)
a. Total number of conversion period b. Rate (j) c. Nominal rate d. Conversion
period
9. If the amount of each payment in the annuity is the Regular or Periodic payment, what is the
sum of present values of all the payments to be made during the entire term of the annuity?
a. Term of Annuity b. Amount of an Annuity c. Annuity value d. Present value of an
annuity
10. A person (or institution) who invested the money or makes the funds available is called
a. Barrower b. Lender c. debtor d. investor
11. A person (or institution) who owes the money or avails of the funds from the lender is called
a. depositor b. creditor c. Barrower d. lender
12 It is the amount of money borrowed or invested on the origin date is called
a. Principal b. Compound Amount c. Interest d. Simple
Amount
13. The amount after years that the lender receives from the borrower on the maturity date is called
a. Maturity value b. Interest c. Compound Interest d. Simple Interest
14. It refers to the time between successive conversions of interest.
a. Frequency b. nominal rate c. Interest period d. Maturity
15. Frequency of conversion is the number of conversion period in one year, what number
represents in compounded quarterly?
a. 4 b. 2 c. 1 d. 365
16 Frequency of conversion is the number of conversion period in one year, what number
represents in compounded annually?
a. 1 b. 365 c.2 d.4
17. The annuity that refers to the sum of future values of all the payments to be made during the
entire term is called
a. Present Value b. Amount (Future Value) of an annuity
c. Term of annuity d. Periodic payment
18. If the present value of an annuity is the sum of present values of all the payments to be made
during the entire term of the annuity. What is the amount of each payment in annuities?
1
 a. Term of an annuity b. Regular or Periodic payment
c. Amount (Future Value) of an annuity d. Present Value of an annuity.
19. If the Frequency of conversion in compounded annually is one (1), what is the equivalent of ONE
conversion period in compounded annually?
a. 6 months b. 3 months c. 3 1 month d. 1 year
20. If the Frequency of conversion in semi- annually is two (2), what is the equivalent of ONE
conversion period in compounded semi-annually?
a. 1 year b. 6 months c. 3 months d. 2 months
21. If the frequency of conversion in compounded monthly is 12, what is the equivalent of ONE
conversion period in compounded monthly?
a. 4 months b. 3 months c. 1 month d. 6 months
22.Frequency of conversion is the number of conversion period in one year, what number
represents in compounded daily?
a. 365 b. 1 c. 4 d.2
23. Frequency of conversion is the number of conversion period in one year, what number
represents in compounded semi-annually?
a. 4. b.365 c. 2 d.1
24. It refers to the rate compounded annually that will give the same compound amount as a given
nominal rate.
a. Equivalent Rate b. Nominal Rate c. Effective Rate d. Annual Rate
25. It refers to the annual interest (may be compounded more than once a year)
a. Equivalent Rate b. Nominal Rate c. Effective Rate d. Annual
Rate
26. It is the two annual rates with different rates with different conversion periods that will earn the
same compound amount at the end of a given number of years.
a. Equivalent Rate b. Nominal Rate c. Effective Rate d. Annual
Rate
27. According to payment interval and interest period, the annuity where the payment interval is
the same as the interest period is called
a. General Annuity b. Ordinary Annuity c. Annuity Due d. Simple
Annuity
28. According to payment interval and interest period, the annuity where the payment interval is
not the same as the interest period is called
a. General Annuity b. Ordinary Annuity c. Annuity Due d. Simple
Annuity
29. According to time of payment, what type of annuity in which the payments are made at the
end of each payment interval?
a. Annuity Due b. Ordinary Annuity c. Annuity certain d. Contingent
Annuity
30. According to time of payment, what type of annuity in which the payments are made at the
beginning of each payment interval?
a. Annuity Certain b. Ordinary annuity c. Contingent Annuity d. Annuity Due
31. According to duration, the annuity in which payment begin and end at definite times is called
a. Ordinary Annuity b. Annuity Due c. Annuity Certain d. Contingent
Annuity
32. According to duration, what type of annuity in which the payments extend over an indefinite (or
indeterminate length of time).
a. Annuity Certain b. Ordinary Annuity c. Contingent Annuity d. Annuity
Due
33. It is a general annuity in which the periodic payment is made at the end of the payment
interval.
a. General Annuity b. General Due annuity c. General Ordinary Annuity d. Annuity
Due

2
Find the unknown principal ( P), rate (r), time (t), and compound interest (Ic) by completing the table.
(34-41)
Principal (P ) Rate ( r ) Time ( t ) Compound Maturity
Interest ( Ic ) Value ( F )
10,000 8% 15 (34) (35)
3,000 5% 6 (36) (37)
50,000 10.5 % 10 (38) (39)
(40) 2% 5 (41) 50,000

34. a. 20,000.21 b. 21,721.69 c. 20,721.69 d. 22,000.21

35. a. 31,721.69 b. 30,000.21 c. 32,000.21 d. 30,721.6
36. a. 1,120.26 b. 1,200.29 c. 1,200.26 d. 1,020.29
37. a. 4,200.26 b. 4,020,29 c. 4,200.29 d. 4,120.26
38. a. 87,504.04 b. 78,504.04 c. 85,704.04 d. 58,704.04
39. a. 135,704.04 b . 137,504.04 c. 108,704.04 d. 128,504.04
40. a. 45,437.74 b. 45,286.54 c. 42,586.38 d. 44,537.74
41. a.7,413.62 b. 4,713.46 c. 5,462.26 d. 4,562.26

Complete the table below by finding the unknown in Simple Interest

Principal (P ) Rate ( r ) Time ( t ) Interest ( Is )
(13) 2.5 % 4 1,500
36,000 (14) 1.5 4,860
250,000 0.5 % (15) 275
5000,000 12.5 % 10 (16)

42. a. 15,000 b. 16,000 c. 14,000 d. 17,000

43. a. 9 % b. 11 % c. 10 % d. 9.5 %
44. a.0.33 years b. 0.11 years c. 0. 44 years d. 0.22 years
45. a.256,000 b. 562,000 c. 625,000 d. 652,000

II- Matching type: Match the terms in column A with the correct definitions in Column
B. ( 46- 50 )

Number COLUMN A COLUMN B

46 1.Principal A. Time money is barrowed
47 2.Term B. amount paid or earned for the use of money
48 3. Interest Percentage of increase of investment
49 4. Maturity value D. amount of money borrowed or invested
50 5.Interest rate E. amount added by the lender, to be received on
repayment date
F amount received on repayment date

GOODLUCK AND GODBLESS !!!

Prepared by :

NIMROD G. BANAWIS
SUBJECT TEACHER