FINAL EXAMINATION

GENERAL MATHEMATICS
First Semester, S.Y. 2018-2019

Name: ___________________________________________Year and Section: ________Score: __________

I. Indicate the correct term/s being described on each statement. Choose your answer on
the box below.

Conversion Period Exponential Function Domain Range

Nominal Interest Rate Debtor Interest Rate Vertical Asymptote

Horizontal Asymptote Maturity Value Simple Interest Compound Interest

Creditor Principal Amount Exponential Equation Exponent Base

1. ________________is a type of interest that is charged (or paid) only on the amount borrowed (or
invested), and not on past interest.
2. A _______________ is an entity (person or institution) that extends credit by giving another entity
permission to borrow money intended to be repaid in the future.
3. A _______________ is a company or individual who borrows/owes money.
4. It is expressed as a percentage of a principal amount that is charged by a lender to the
borrower.
5. It is the original amount of money, the amount before any interest is applied.
6. The amount due and payable to the holder of a financial obligation as of the maturity date of
the obligation is termed as _________________.
7. It is an interest calculated on the initial principal and also on the accumulated interest of
previous periods of a deposit or loan.
8. The interval of time between successive conversions of interest into principal is called
the ________________ and is usually either three months, six months or one year, in which cases
interest is said to be compounded quarterly, semiannually, or annually respectively.
9. The _____________ is the stated yearly rate.
10. It is a mathematical function of the form: f ( x ) = a x. where x is a variable, and a is a constant
called the base of the function.
11. ______________ are equations in which variables occur as exponents.
12. The ___________ corresponds to the number of times the base is used as a factor.
13. Given the function, f(x) = 2𝑥 , the _________ is the set of all real numbers.
14. Given the function, f(x) = 2𝑥 , the _________ is the set of all possible y’s greater than 0.
15. Given the function, f(x) = 2𝑥 , y = 0 serves as the ___________.

II. Read each problem and complete the solution.

After the harvest season, Mang Pedro decided to deposit the earned amount of
P20 000.00 in Malinao Rural Bank at simple interest 7% per annum for two years.
Calculate the interest earned at the end of two years.
Given: 𝑃 = (15. )__________________________ 𝑟 = (16. )___________ 𝑡 = (17. )_____________
Solution: 𝐼 = 𝑃𝑟𝑡
𝐼 = (______________)(_______)(_______) (18.)
𝐼 = _______________ (19.)
Aling Cora borrowed money amounting to
P30 000.00 from Malinao Rural Bank. How
much simple interest rate is due on her loan
if she’ll pay P36450.00 at the end of one
year?
Given: F = (20.)_______________
P = (21.)_____________ I = (22.)_____________
Solution:
𝐼 = 𝑃𝑟𝑡
__________ =(P30 000.00)r (1) (23.)
________= 30 000r (24.)
_______ = r (25.)
The compound interest formula to calculate
the future value of an investment over a
period of time is:
𝑗 Two banks pay simple interest on short – term
𝐴 = 𝑃(1 + )𝑚𝑡
𝑚
You have invested P10 000 for a period of 5
years and compounded quarterly at 3.75 %
annual interest rate, calculate the final
amount.
31. What is the conversion period? _______
32. What is the nominal rate? ________
33. What is the interest rate per conversion
period? ___________
34. What is the Principal amount?__________
35. What is the Final Amount? _____________
Solve:
41-45. What is the principal amount that will
amount to P49 130.00 in 3 years at 6 ¼ % per
annum compound interest, compounded
annually.
Aling Patring, an owner of AA bakery shop in
Malinao, invested amount of P12 000 for a
period of 9 months at 3% p.a. compounded
monthly. The compound interest formula to
calculate the future value of an investment
over a period of time is:
𝑗
𝐴 = 𝑃(1 + )𝑚𝑡
𝑚
26. The value of m is ______.
27. The value of j is _______.
28. What is the principal amount (P)?
___________
29. The value of t is _______.
30. Using the formula, calculate the
accumulated value (A). ________________
deposits. Bank A pays 5% annual interest over 3
years and Bank B pays 5.5 % annual interest for 2
½ years. Ten thousand pesos (P10 000.00) is
invested on each bank.
36. What is the Interest Amount for Bank A?
__________
37. What is the Interest amount for Bank B?
______________
38. What is the final amount for Bank A? Bank B?
_______________________________
39. What is the difference between the two banks
final payout? _______________________
40. Which has a better investment offer?
________________
46-50. Solve: An investment of P60000.00 was
placed for 3 years at 4.25% p.a.
compounded annually. How much more
would be collected if the investment was
compounded quarterly?