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    Gen, Math - Final Term Exam

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    The document contains a mathematics exam with multiple choice and problem solving questions related to financial topics like simple and compound interest. It tests understanding of key terms used in loans and investments such as principal, interest rate, maturity date and time period. Several questions require calculating interest or filling in missing values in tables about loans and investments.

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    Gen, Math - Final Term Exam

    Uploaded by

    Actor c. Ajhoy
    6 views2 pages
    The document contains a mathematics exam with multiple choice and problem solving questions related to financial topics like simple and compound interest. It tests understanding of key terms used in loans and investments such as principal, interest rate, maturity date and time period. Several questions require calculating interest or filling in missing values in tables about loans and investments.

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    Gen, Math- Final term Exam

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    The document contains a mathematics exam with multiple choice and problem solving questions related to financial topics like simple and compound interest. It tests understanding of key terms used in loans and investments such as principal, interest rate, maturity date and time period. Several questions require calculating interest or filling in missing values in tables about loans and investments.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    6 views2 pages

    Gen, Math - Final Term Exam

    Uploaded by

    Actor c. Ajhoy
    The document contains a mathematics exam with multiple choice and problem solving questions related to financial topics like simple and compound interest. It tests understanding of key terms used in loans and investments such as principal, interest rate, maturity date and time period. Several questions require calculating interest or filling in missing values in tables about loans and investments.

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    © All Rights Reserved
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    GENERAL MATHEMATICS 11

    Final-term Examination (1ST Semester)


    Name:_________________________________ Date:__________ Score:________
    I. MULTIPLE CHOICE
    ____1. ______is a person or institution who invest the money or makes the funds available.
    a. Lender b. Barrower c. Loan Date d. Maturity Date
    ____2. This is the person or institution who owes the money or avails of the funds from the lender.
    a Lender b. Barrower c. Loan Date d. Maturity Date
    ____3. The date on which money is received by the barrower.
    a. Lender b. Barrower c. Loan Date d. Maturity Date
    ____4. It is the date on which the money borrowed or loan is to be completely repaid.
    a. Lender b. Barrower c. Loan Date d. Maturity Date
    ____5. It is the amount of time in years the money is borrowed or invested; length of time between the
    origin and the maturity dates.
    a. time or term b. rate c. principal d. interest
    ____6. An annual rate, usually in percent, charged by the lender, or rate of increase of the investment.
    a. rate b. principal c. time or term d. interest
    ____7. _______________ is the amount of money borrowed or invest in the origin date.
    a. principal b. interest c. future value d. simple interest
    ____8. It is an amount paid or earned for the use of money.
    a. principal b. interest c. future value d. simple interest
    ____9. The amount after t years that the lender receives from the borrower on the maturity date.
    a. principal b. interest c. future value d. simple interest
    ____10. The interest that is computed on the principal and then added to it.
    a. principal b. interest c. future value d. simple interest
    ____11. Interest is computed on the principal and also on the accumulated past interest.
    a. principal b. interest c. future value d. compound interest

    II. ENUMERATION
    *What are the four formulas in solving simple interest? (4pts)
    III. Problem Solving
    1. Complete the table below by finding unknown and with complete solutions (Simple Interest).

    Principal (P) Rate (r) Time (t) Interest (I)


    36,000 2.5 5,000
    500,000 0.8% 500
    300,000 10% 4
    12% 5 3,000

    2. Complete the table below by finding unknown and with complete solutions (Compound Interest).

    Principal (P) Rate (r) Time (t) Compound Maturity Value (F)
    Interest (Ic)
    6,000 8% 12
    7.5% 4 years and 6 400,000
    months
    60,000 5% 9 months

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