Asia Academic School, Inc

‫مدرســــــة أكاديميـــــــة آسيـــا‬
In the name of Allah, Most Gracious, Most Merciful

’’
ASIA ACADEMIC SCHOOL, INC.

Don MC Enriquez Drive, Don Alfaro St., Tetuan, Zamboanga City
Contact No. (062) 955-8342 / (+63) 9153691045
Email address:
______________________________________________________________________________________________________
Final Examination in
GENERAL MATHEMATICS
SY: 2021-2022
Name: ___________________________________ Score: _____________________
Grade/Strand: _____________________________ Date: ______________________
TEST I – MULTIPLE CHOICES

DIRECTIONS: Choose the letter corresponding to the correct answer for each of the questions provided below. (2 points each)
1. Tom bought 50 share of MacTec stock at Php685.00 per share and paid Php956.00 commission. Find Tom’s total investment.
a. 𝑃hp 53,206.00 c. 𝑃hp 35,026.00
b.𝑃hp 35,206.00 d. 𝑃hp 35,602.00
2. Rose bought 400 shares of SBC stock at its 52-week low, Php 781.20 per share, and sold at 52-week high, Php 1,310.00 per share.
How much did Rose make on this transaction, dividends not included?
a. 𝑃 hp195,232.00 c. 𝑃hp 159,232.00
b. 𝑃hp 211,520.00 d. 𝑃hp 112,520.00
3. Rose bought 400 shares of SBC stock at its 52-week low, Php 781.20 per share, and sold at 52-week high, Php 1,310.00 per share.
Find the broker’s commission if the broker charges 3.2% of the total sale price.
a. 𝑃hp 61,786.00 c. 𝑃hp 16,786.00
b. 𝑃hp 61,768.00 d. hp𝑃 16,768.00
4. Gerald bought 250 shares of LOV stock at its 52-week low, Php735.00 per share, and sold at 52-week high, Php 1,448.80 per
share. How much did Gerald make on this transaction, dividends not included?
a. 𝑃hp 169,395.00 c. 𝑃hp 169,953.00
b. 𝑃hp 166,395.00 d. 𝑃hp 169,359.00
5. Gerald bought 250 shares of LOV stock at its 52-week low, Php735.00 per share, and sold at 52-week high, Php 1,448.80 per
share. Find the brokers commission if the broker charges 2.5% of the total sale price
a. 𝑃hp 9,505.00 c. 𝑃hp 9,055.00
b. 𝑃hp 9,050.00 d. 𝑃hp 9,550.00
6. Which of the following statements would represent a business loan?
a. Chua made a loan for personal use.
b. Made a loan for business expansion.
c. Applied loan to buy jewelries for herself.
d. All of the above
7. It refers to any real property which serves as a pledge of a borrower to secure repayment of a loan.
a. Mortgage c. Collateral
b. Bicameral d. Chattel
8. Which of the following does NOT illustrate a consumer loan?
a. Maria borrowed money in a bank to buy a new mobile phone.
b. Nestor applied for an educational loan for his elder son enrolled in a prestigious university.
c. Covid put up an internet cafe and made a loan in a bank for expansion.
d. Both a & b
9. The money lent to individual for personal or family purpose.
a. Short term loan c. Business loan
b. Long term loan d. Consumer loan
10. The time to pay the entire loan
a. Paid c. Term of the loan
b. Loan d. Due date
11. The amount of money borrowed or invested on the origin date.
a. rate c. future value
b. principal d. interest
12. An annuity in which payments begin and end at definite time is a/an ____.
a. simple annuity c. uncertain annuity
b. general annuity d. annuity certain
13. The person or institution that invests the money or makes the funds available.
a. lender c. borrower
b. collector d. debtor
14. The amount after t years that the lender receives from the borrower on maturity date.
a. present value c. maturity value
b. rate d. principal
15. It is based on a 30-day month computation.
a. actual time c. ordinary interest
b. approximate time d. exact interest
16. A sequence of payments made at equal time periods is a/an _____________.
A. Stocks B. Bonds C. Annuity D. Investment
17. Find the approximate time from October 23, 2018 to June 9, 2019.
a. 225 days c. 227 days
b. 226 days d. 228 days
18. An annuity where payment interval is the same as the interest period is a/an _______________.
A. simple annuity C. uncertain annuity
B. general annuity D. annuity certain
19. When the period of payment is not made at the beginning nor at the end of each payment interval, but some later date, the annuity
is called _________.
A. certain B. deferred C. uncertain D. perpetuities
20. Peter borrowed PHP 153, 000 at 8% compounded annually. How much he will be paying after 3 years?
a. PHP 129, 375.49 c. PHP 195, 372.94
b. PHP 192, 735.94 d. PHP 197, 273.94
For numbers 21-23, consider the situation below

Kay’s parents begin making a monthly payment of Php 500 into an account paying 2.4% compounded monthly. Payments begin on
her 10th birthday.
21. What is the interest rate of the compounding period?
a. 0.24 b. 0.02 c. 0.024 d. 0.002
22. What is the total payment made by Kay’s parents on her 15th birthday?
a. 15 b. 30 c. 60 d. 75
23. How much will be Kay’s savings on her 15th birthday?
a. Php 30,000.00 b. Php 42, 631.21 c. Php 31, 840.44 d. Php 43, 235.20
24. When the period of payment is not made at the beginning nor at the end of each payment interval, but some later date, the annuity
is called _________.
a. certain b. deferred c. uncertain d. perpetuities
25. Mr. Tharn got a Php 700, 000 loan for the expansion of his business payable monthly in 4 years. How much is the monthly
amortization if the rate is 12% compounded monthly?
a. 18, 433.68 b. 19,345.21 c. 17,456.22 d. 19,647.58
Test II. True or False
Write T if the statement is true and F if it is false. Write your answer on the space provided before each number. Not following
instruction means wrong. (2 points each)
_______1. The price people pay for a stock is called a dividend.
______ 2. More American own mutual funds than individual stocks and bonds.
_______3. Corporation can raise money for their corporation by working with investment bankers to issue stock.
_______4. People who own stocks are guaranteed a return on the money they have invested in stocks.
_______5. The only way stockholders make money is through dividend payments while they own the stock.
_______6. For mutual funds, the higher the load, the less the actual investment made on behalf of the investor.
_______7. Stocks represent ownership in a corporation.
_______8. The New York Stock Exchange and NASDAQ are considered primary markets.
_______9. One way stockholders make money is by selling their stocks for money than they paid for it.
_______10. Stockholders can reduce the risk on their stock investment by diversifying their portfolios.
“Successful and unsuccessful people do not vary greatly in their abilities. They vary in their desires to reach
their potential.”
Prepared by: Noted by: Approved by:
MS. DIANA MAE D. NAVEA Mrs. Rahina Damih Serabani Mr. Aldimin A. Kalli
Math Teacher /Ms. Sitti Rashida I. Sabturain School Principal
Junior & Senior High School Coordinator

Asia Academic School, Inc

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‫مدرســــــة أكاديميـــــــة آسيـــا‬

In the name of Allah, Most Gracious, Most Merciful

ASIA ACADEMIC SCHOOL, INC.

TEST I – MULTIPLE CHOICES

For numbers 21-23, consider the situation below

Prepared by: Noted by: Approved by:

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