GENERAL MATHEMATICS | 2nd Quarter Summative Test

• simple interest

• compound interest

• present value

• maturity value

What will you get if you divide the simple interest by the product of the rate and time?

• present value of compound interest

• present value of simple interest

• maturity value of compound interest

• maturity value of simple interest

If the investment amounting to ₱45,000 earned an interest of ₱3,500 how much will be the maturity value?

• ₱41,500

• ₱48,500

• ₱40,000

• ₱25,000

Given that P = ₱15,250, r = 3.25% and t= 3 years, find the simple interest.

• ₱24,868.80

• ₱14,868.80

• ₱1,486.88

• ₱148.69

• ₱ 351.34

• ₱ 3,513.38

• ₱ 4,216.05

• ₱ 42,160.50

Which of the following is the formula to find the maturity value of the compound interest?

• 
• 
• 
• 

What is the frequency of conversion if the annual rate is compounded monthly?

• 2

• 3

• 4

• 12

If the interest rate is 12% compounded quarterly, what is the interest rate per conversion period?

• 3%

• 2.5%

• 1.25%

• 0.42%

Given that 𝐼= ₱3,750, r = 2 ½ % and t = 3 years, what is the principal or present value?

• ₱ 500

• ₱ 5,000

• ₱ 50,000

• ₱ 500,000

Given that F = ₱50,000 and P = ₱35,000 how much is the compound interest?

• ₱ 15, 000

• ₱ 25,000

• ₱ 35,000

• ₱ 45,000