Summative Test 2 in Gen Math QUARTER 2

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Summative Test 2 -Senior High School

General Mathematics 11

Test I. Instructions: Read each item below and choose the letter of the best answer.

1. It is an annuity that does not begin until a given time interval has passed.
a. Period of Deferral c. Deferred Annuity
b. Present Value of a deferred annuity d. Contingent Annuity
2. It is the time between the purchase of an annuity and the start of the payment for the
annuity.
a. Period of deferral c. Deferred Annuity
b. General Ordinary Annuity d. Present value of a deferred annuity
3. Annual payments of ₱5,000.00 for 36 years that will start 18 years from now. What is the
period of deferral in the deferred annuity?
a. 18 years c. 18 months
b. 17 Years d. 16 years
4. A place where stocks can be bought or sold.
a. Stock market index c. Stock market
b. Market place d. bond market
5. The current price of a stock at which it can be sold.
a. Stock market index c. bond market index
b. Market value d. dividend per share
6. A measure of a portion of the bond market.
a. Stock market index c. bond market index
b. Market value d. bond market
7. A money lent to an individual for a business purposes is called__________.
a. Business Loan c. Collateral
b. Consumer Loan d. loan
8. The assets used to secure the loan is called___________.
a. Asset c. Collateral
b. Loan d. payment
9. A method of paying a loan (principal and interest) on installment basis, usually of equal
amounts at regular intervals.
a. Amortization c. balance
b. Mortgage d. outstanding balance
10. A loan, secured by a collateral, that the borrower is obliged to pay at specified terms.
a. Mortgage c. collateral
b. Chattel mortgage d. amortization
11. It is a declarative sentence that is either true or false, but not both.
a. Connectors c. Proposition
b. Statement d. Sentence
12. It is use to combine simpler proposition.
a. Logic c. Logical operators
b. Logical Connectors d. Propositions
13. It is also called an atomic proposition because they are the building blocks of propositional
logic.
a. Simple proposition c. Compound Proposition
b. Propositions d. Propositional Statement
14. Which of the following is not an example of Proposition?
a. My seatmate will get a perfect score in the Logic exam.
b. X2+2X-1
c. X=2
d. It is not the case that √ 2 is a natural number.
15. It is a proposition formed from simpler propositions.
a. Simple Proposition c. Compound Proposition
b. Complex Proposition d. Compound-Complex Proposition

Test II. Instructions: Answer as indicated. Write your solutions and answers in a separate sheet of
paper. Make sure to make your work readable, organize, neat and clean. (Minus 1 point for each
erasures).

1. A credit card company offers a deferred payment option for the purchase of any appliance.
Marilou plans to buy a smart television set with monthly payments of ₱4,000.00 for 2 years.
The payments will start at the end of 3 months. How much is the cash price of the TV set if
the interest rate is 10% compounded monthly?
A. Identify the givens: R=_________, i(m)=__________, t=_________, m=________(1 point
each)
B. What is the period of deferral k? (2 points)
C. What is the number of actual payments n=mt=__________? (2 points)
ⅈ(m )
D. Find the interest rate per period j= =_____________? (2 points)
m
E. Find the cash price of the TV set by using the formula provided below (5 points)
−(k+ n) −k
1−( 1+ j ) 1− (1+ j )
P=R −R
j j
2. Corporation A, with a current market value of ₱56, gave a dividend of ₱8 per share for its
common stock. Corporation B, with a current market value of ₱98, gave a dividend of ₱15
per share. Use the stock yield ratio to measure how much dividends shareholders are
getting in relation to the amount invested. Fill in the table below

Corporation A Corporation B
Dividend per Share _______ (1 point) ______ (1 point)
Market Value _______ (1 point) ______ (1 point)
Stock Yield Ratio _______ (3 points) ______ (3 points)

Which of the two corporations would earn you more if all other things are equal? Why? (5
points)
3. The table below shows the data on 5 stockholders given the par value, the dividend
percentage and the number of shares of stock they have with a certain corporation. Find the
dividend of the 5 stockholders.

Stockholder Par Value (in Dividend (%) Number of Dividend


Pesos) Shares
A 50 3% 100 Example: 150
B 48 2.75% 150
C 35 2.5% 300
D 42 3.12% 400
E 58 3.5% 500

4. Fill in the blank.


A. A _________ is a loan, secured by a collateral, that the borrower is obliged to pay at
specified terms.
B. _________ is a mortgage on a movable property.
C. A ________ is a mortgage with a fixed interest rate for its entire term.
D. The ________ is the lender in a mortgage.
E. The ________ is the borrower in a mortgage.

5. Let p,q and r be the following propositions.


p: Victor has a date with Liza.
q: Janree is sleeping
r: Eumir is eating.
Express the following propositions in English sentences or in symbols, as the case may be.
A. p v q
B. q v (~r)
C. p v (q v r)
D. ‘Either Victor has a date with Liza or Janree is sleeping, or Eumir is eating.’
E. ‘Either Victor has a date with Liza and Janree is sleeping, or Eumir is eating.’
F. ‘Either Victor has a date with Liza, or Janree is sleeping and Eumir is eating.’

Example A.: p v q = ‘Victor has a date with Liza or Janree is sleeping.’

Prepared by: Ms. Jessa O. Barbero, LPT


Special Science Teacher 1

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