GENERAL INSTRUCTION: Read the questions carefully.
I – Multiple Choice Direction: Encircle the correct answer. 1. It is a person or institution who invests the money or makes the fund available. a) Borrower b) Loan date c) Lender d) Maturity date 2. It is a person or institution who owes the money or avails the funds from the creditor. a) Borrower b) Loan date c) Lender d) Maturity date 3. The date on which the money is received by the borrower. a) Borrower b) Loan date c) Lender d) Maturity date 4. A date on which the money borrowed, or loan is to be completed repaid. a) Borrower b) Loan date c) Lender d) Maturity date 5. It is an amount of time in year the money is borrowed or invested; length of time between the origin and maturity dates. a) Rate b) Time c) Interest d) Principal amount 6. The amount of money borrowed or invested on the origin date. a) Rate b) Time c) Interest d) Principal amount 7. It is usually in percent, charged by the lenders or rate of increase of the investment. a) Rate b) Time c) Interest d) Principal amount 8. It is the amount being paid or earned for the use of money. a) Rate b) Time c) Interest d) Principal amount 9. It is an interest that is computed on the principal amount and then added to it. a) Simple interest b) Future Value c) Annuity d) Compound interest 10. An interest is computed on the principal and also on the accumulated past interest. a) Simple interest b) Future Value c) Annuity d) Compound interest 11. It is the amount after t year that the lender receives from the borrower on the maturity date. a) Simple interest b) Future Value c) Annuity d) Compound interest 12. A sequence of payment made at equal (fixed) intervals or periods of time. a) Simple interest b) Future Value c) Annuity d) Compound interest 13. An annuity where the payment interval is the same as the interest period. a) General annuity b) Ordinary annuity c) Simple annuity d) Annuity due 14. A type of annuity in which the payments are made at the end of each payment interval. a) General annuity b) Ordinary annuity c) Simple annuity d) Annuity due 15. An annuity where the payment interval is not the same as the interest period. a) General annuity b) Ordinary annuity c) Simple annuity d) Annuity due 16. A type of annuity in which the payments are made at the beginning of each payment interval. a) General annuity b) Ordinary annuity c) Simple annuity d) Annuity due 17. It is a declarative statement or sentences that can be classified as true or false, but not both. a) Compound proposition b) General proposition c) Proposition d) Simple proposition 18. It is a proposition that conveys one thought with no connecting words. a) Compound proposition b) General proposition c) Proposition d) Simple proposition 19. A proposition that contains two or more simple propositions that are put together using connective words. a) Compound proposition b) General proposition c) Proposition d) Simple proposition 20. It is used to exhibit the relationship between the truth values of its simple components and the compound. a) Truth value b) Truth table c) True value d) True table 21. Which of the following is not a simple interest. a) He is tall and smart. b) He is confidently beautiful with a heart. c) I play Among Us, but I want to play it with my friends. d) The graph of a linear equation is a straight line. 22. Which of the following is not a compound proposition. a) If you are a member of the group, then you are allowed to participate the competition. b) Marvin and Jhanville are bestfriend. c) Joshua Lozano is our mayor, and Lito Barsi is our vice mayor. d) Either you help me, or we will failed the task. 23. A bank offers an annual interest rate of 0.25% for a particular deposit. How much interest will be earned if 1 million pesos is deposited in this savings account for 1 year.? a) 1,500 b) 2,000 c) 2,500 d) 3,000 24. How much interest is charged when 50,000 is borrowed for 3 months at annual simple interest rate of 10%. a) 1,000 b) 1,250 c) 1,500 d) 1,750 25. When invested at an annual interest rate of 5%, the amount earned is 10,000 of simple interest for 2 years. How much money was originally invested? a) 100,000 b) 200,000 c) 300,000 d) 400,000 26. Supposed Ms. Romolo would like to save 2,000 every month in a fund that gives 10% compounded monthly. How much is the amount of the future value of her savings after 6 months? a) 12, 252.77 b) 12, 251 c) 12, 251.77 d) 12, 252 27. How much must Michael set aside and invest in a fund earning 2.1% compounded quarterly if she wants to accumulate 50,000 in 5 years. a) 45, 280.5 b) 45,028.5 c) 45, 082.5 d) 45, 208.5 28. Oscar received an amount of 33,000 from his investment after 45 months. If money is invested at 5.55 compounded semi- annually, how much was invested? a) 26, 942.66 b) 26, 492.66 c) 26, 429.66 d) 26, 924.66
II - Identification/Conversion A. Direction: Determine whether it is SIMPLE ANNUITY or GENERAL ANNUITY. Write your answer in the space provided. 1. Payments are made at the end of each month for a loan that charges 1.05% interest rate compounded quarterly. _______________________________ 2. A deposit of 5,500 pesos was made at the end of every 3 months to an account that earns 5.6% interest compounded quarterly. ___________________________ 3. Quarterly payment of 5,000 pesos for 7 years with interest of 8% compounded quarterly. _____________________________ 4. Monthly installment payment a car, lot, or house with an interest rate that is compounded annually. ____________________________ B. Direction: Determine whether it is ORDINARY ANNUITY or ANNUITY DUE. Write your answer in the space provided. 5. Jun’s monthly mortgage payment is 36, 545.23 pesos at the end of each month. ______________________________ 6. The rent of apartment is 10, 000 pesos and due at the beginning of each month. ______________________________ 7. You are making regular contribution to a retirement fund at the beginning of each month. ______________________ 8. You take out a 40-year fixed-rate mortgage to buy a house. The mortgage requires you to make monthly payment at the end of each month. ____________________________ C. Direction: Convert each compound statement to symbol. Write your answer in the space provided. Consider: let p represents the proposition “Maria always practice singing” Q represents the proposition “She won Asia’s Got Talent” 1. Maria won Asia’s Got Talent if and only if she always practice singing. ____________________ 2. Maria always practice singing and she won Asia’s Got Talent. ___________________ 3. Maria does not always practice singing and she does not won Asia’s Got Talent. 4. If Maria always practice singing, then she won Asia’s Got Talent.
III - Operations and Truth Table
A. Direction: Perform the different types of operation. 1. p = 2 is a prime number ~p : For 2 - 6: Let p = Angels have wings. q = Angels can fly. 2. p ˄ (~q) : 3. (~p) ˅ (~q): 4. (~p) ˄ q: 5. ~p → q : 6. ~q ↔ ~p
B. Direction: Determine the truth value.
p q ~p ~q p˄q p˅q ~p → ~q ~p ↔ q p ˄ (p ˄ q) ~ p ˅ ( ~p → ~q )
