Department of Education

Division of Bukidnon
Don Carlos II
BOCBOC NATIONAL HIGH SCHOOL
Bocboc, Don Carlos, Bukidnon

General Mathematics
Summative Assessment
2nd Quarter S.Y. 2022-2023

Name: ___________________________________ Date: ___________________

Yr. & Sec.: _______________________________ Score:
__________________

Direction: Read and analyze each item carefully. Blacken the circle of the letter that
corresponds to your answer. God Bless!

1. What do you call a person or institution who invests the money or makes the funds available?
a. Lender b. Borrower c. Capitalist d. Profit
2. A person or institution who owes the money or avails of the funds.
a. Lender b. Borrower c. Capitalist d. Profit
3. What is the term use in referring the date on which the money is received by the borrower?
a. annual date b. origin c. future d. maturity
4. What do you call the amount of time in years the money is borrowed or invested?
a. Term b. Rate c. Interest d. Principal
5. What term is used to refer the amount of money borrowed or loan is to be completely repaid?
a. annual date b. origin c. future d. maturity
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. What type of interest that is computed on the principal and then added to it?
a. Interest b. Compound c. Simple d. Principal
10. What type of interest that is computed on the principal and also on the accumulated past interest?
a. Interest b. Compound c. Simple d. Principal
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 interest is added to the principal amount.
a. Interest b. Maturity Value c. Present Value d. Principal
13. The amount get when Interest is added to the principal amount.
a. Interest b. Maturity Value c. Present Value d. Principal
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 equal to?
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. 10,000 b. 10,500 c. 15,000 d. 20,000
17. What are the amounts of maturity of the given in number 16?
a. 35,000 b. 39,000 c. 40,000 d. 41,000
18. Which of the following statements illustrates simple interest?
A. It is the interest paid or earned for the use of money.
B. It is the interest after t years; that the lender receives from the borrower on the maturity date.
C. It is the interest that is computed on the principal and then added to it.
D. It is the interest that it computed on the principal and on the accumulated past interests.
 19. Which of the following shows compound interest?
A. Principal = P1000 term = 2 years rate=5% Interest P100
B. Principal P1500 term 2 years: rate 10% Interest P300
C. Principal = P1000 term = 3 years rate = 5% Interest P158
D. Principal = P1500 term = 3 years rate 10% Interest = P1,997
20. 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 D.P10,012.20
21. Find the interest earned of a loan of P65,000, if the loan is given at a rate of 20% and due in 3 years.
A. 35,000 B. 39,000 c. 40,000 d. 41,000
22. Find the maturity value if P10,000 is compounded annually at an interest rate of 2% in 5 years.
A. P11, 040.81 B. 11,041.00 C. 11, 040.82 D. 11,040.83
23. What is the amount of the interest of a loan for P20,000 at 6% compound interest for 6 years?
A. P23,820.32 B.P23,600.00 C. P3,820,32 D.P3,600.00
24. Which of the following statements illustrates simple annuity?
A. The payments are made at beginning of each payment interval.
B. The payment interval is the same as the interest period.
C. The payments extend over an indefinite length of time.
D. The payment interval is not the same as the interest period.
25. It refers to an annuity in which the periodic payment is made at the end of the payment interval.
A. Simple Ordinary B. General Ordinary C. General Annuity D. Simple Annuity
26. Which of the following statements about stocks and bonds is correct?
A. Stocks are interest bearing security which promises to pay amount of money on a certain maturity date.
called the market value.
B. Bonds can be bought or sold at its current price.
C. Owners of stocks may be considered as part of the owners of the company.
D. There are two types of stocks: common stocks and prepaid stocks.
27. Which of the following statements is CORRECT in describing the business loan?
A. Money lent for the sole purpose of having or improving the business.
B. Money lent for any purpose in improving or mitigating personal agenda.
C. Money lent by an individual for the purpose of personal necessity or family purpose.
D. Money lent by an individual for the purpose of investment to real-estate or to secure the assets of the
business.
28. Which of the following statements is an illustration of a proposition?
A. Mindanao is an island in the Philippines.
B. My seatmate will get perfect score in the Logic exam.
C. It is not the case that is a rational number.
D. Find a number which divides age.
29. What do you call the other term of indirect proof?
A. Proof by Contradiction C. Giving a Counterexample Proof
B. Constructed Dilemma D. Modus Tollens

For numbers 30-35- Identify the components of stockholder certificate. Write your answer on the space provided.

31._________________
30._________________

33._________________

32.__________________

35._________________
34._________________
Problem Solving

Direction: Read and analyze the given problems below then answer what is being asked. Show your solution.

A population of Barangay starts with 500 individuals, and it triples every 80 years.
36-37. Give an exponential model for the situation. [2 points]
Answer:

38-40. What is the size of the population after 100 years? [3 points]
Solution:

40-45: Find the future value of the semi-annual payments of 8,000 at the end of each term for 12 years with interest
rate of 12% compounded quarterly.

Solution:

Prepared by: Checked &Noted by: Approved by

HARRIETTE CAMINO EDGAR P. BERMEJO, MT-I JOSEPH L. SILVESTRE, Ph.D

TI Academic Head Secondary School Principal II
 Department of Education
Division of Bukidnon
Don Carlos II
BOCBOC NATIONAL HIGH SCHOOL
Bocboc, Don Carlos, Bukidnon

General Mathematics
Summative Assessment
2nd Quarter S.Y. 2022-2023

Name: ___________________________________ Date: ___________________

Yr. & Sec.: _______________________________ Score:
__________________

Multiple Choice: Write your answer on the space provided after each number.

1. ________ 11. ________ 21. ________

2. ________ 12. ________ 22. ________
3. ________ 13. ________ 23. ________
4. ________ 14. ________ 24. ________
5. ________ 15. ________ 25. ________
6. ________ 16. ________ 26. ________
7. ________ 17. ________ 27. ________
8. ________ 18. ________ 28. ________
9. ________ 19. ________ 29. ________
10. ________ 20. ________

Fi
30.-