Republic of the Philippines
Department of Education
Region II – Cagayan Valley
Schools Division of Nueva Vizcaya
SOLANO HIGH SCHOOL
Solano, Nueva Vizcaya
QUIZ 1 ON GENERAL MATHEMATICS
Second Quarter
NAME: _______________________________________________ SCORE: ________________
GRADE AND SECTION: ________________________________ DATE: _________________
I. MULTIPLE CHOICE. On the space provided before each item, write the letter that corresponds to the correct answer.
____1. In an investment, there is a person or institution who invests the money or makes the funds available.
Which term is referred to?
A. Borrower B. Debtor C. Lender D. Principal
____2. In a bank, an institution owes the money or avails the funds. What do we call this institution?
A. Borrower B. Creditor C. Lender D. Principal
____3. Carol deposited ₱20,000 in a bank last January 18, 2022. What term refers to this date on which the money is
received by the borrower?
A. Loan Date B. Maturity Date C. Repayment Date D. Term
____4. Jewel Company borrowed ₱50,000,000 from Diamond Bank. The company will pay the future value on
August 30, 2025. Which term refers to this date on which the money borrowed is to be completely paid?
A. Loan Date B. Maturity Date C. Origin Date D. Term
____5. Garnet Bank offers 2% of the amount borrowed from them as an interest. What term is represented by
2% in this situation?
A. Collateral B. Interest C. Principal D. Rate
____6. Vincent borrowed ₱45,000 in a bank that offers 4% interest rate. Which term does ₱45,000 refer to?
A. Annuity B. Interest C. Principal D. Term
____7. Pearl Incorporated received ₱27,500 from Batumbakal Company after 5 years of investment amounting to
₱350,000. Which term is represented by this amount received by Pearl Incorporated?
A. Annuity B. Interest C. Principal D. Term
____8. After 5 years, Joel paid a total amount of ₱1,104,895.58 after borrowing 1 million pesos from Ivory Bank.
What term is denoted by the amount ₱1,104,895.58?
A. Future Value B. Interest C. Principal D. Term
____9. What term is computed on the principal and on the accumulated past interest?
A. Compound Interest B. General Annuity C. Simple Annuity D. Simple Interest
____10. Mr. Go wants to deposit his ₱1,000,000 savings into a bank that offers 4% interest rate within 5 years.
What term is illustrated in the given situation?
A. Outstanding Balance B. Simple Interest C. Simple Annuity D. Stocks
____11. Which of the following is equal to the expression 𝑷𝒓𝒕?
A. Outstanding Balance B. Simple Interest C. Simple Annuity D. Stocks
____12. For 10 years, Maple invested ₱50,000 on Ruby Company. What concept is represented by 10 years?
A. Future Value B. Interest C. Principal D. Term
____13. Which of the following is equal to the expression 𝑷(𝟏 + 𝒓)𝒕 ?
A. Outstanding Balance B. Compound Interest C. Maturity Value D. General Annuity
____14. What is the simple interest of ₱39,000 with 1.25% interest rate within 2 years?
A. ₱97.50 B. ₱975.00 C. ₱9,750.00 D. ₱97,500.00
____15. What is the interest of ₱150,000 with 2% interest rate compounded annually within 5 years?
A. ₱15,612.12 B. ₱15,611.12 C. ₱12,364.82 D. ₱12,364.83
____16. Satoshi borrowed ₱60,000 from Beryl Bank which collects 3% simple interest rate. How many years will
it take to have an interest of ₱9,000?
A. 1 B. 3 C. 5 D. 7
____17. When invested ₱75,000 at an annual interest rate of 2.5% of simple interest in two years. How much
money was earned?
A. ₱750 B. ₱1,750 C. ₱3,750 D. ₱5,750
____18. At what simple interest rate per annum will ₱20,000 accumulate to ₱24,800 in 6 years?
A. 1% B. 2% C. 3% D. 4%
____19. Mrs. Ramirez invested her savings of ₱28,000 in an institution that offers 3% interest rate compounded
per annum. What is the future value of her investment after 5 years?
A. ₱4,459,67 B. ₱5,449.76 C. ₱23,459.76 D. ₱32,459.67
____20. Peter borrowed ₱100,000 at 8% interest compounded annually. How much will he be paying after 2 years?
A. ₱6,640 B. ₱16,640 C. ₱106,640 D. ₱116,640
Prepared by: Checked by:
ALVIN O. ABAN REYNALDO S. GALICIA
Subject Teacher Master Teacher I, Mathematics
Department
