Second Quarterly Assessment General Mathematics

Academic Year 2019-2020 Mr. Dominic Dalton L. Caling

Learning Competencies
1. Distinguish between simple and compound interest (M11GM-IIa-2) (Part I)
2. Compute interest, maturity value, future value, and present value in simple and compound interest (M11GM-IIa-b-1) (Part II)
3. Solves problems involving simple and compound interest (M11GM-IIb-2) (Part II)
4. Distinguish between simple and general annuities (M11GM-IIc-2) (Part I)
5. Finds the future value and present value of both simple and general annuities (M11GM-IIc-d-1) (Part II)
6. Calculate the fair market value of a cash flow stream that includes an annuity (M11GM-IId-2) (Part II)
7. Calculates the present value and period of deferral of a deferred annuity (M11GM-IId-3) (Part II)
8. distinguishes between stocks and bonds (M11GM-IIe-2) (Part I)
9. describes the different markets for stocks and bonds (M11GM-IIe-3) (Part I)
10. distinguishes between business and consumer loans (M11GM-IIf-2) (Part I)
11. solves problems involving business and consumer loans (amortization, mortgage) (M11GM-IIf-3) (Part II)
12. illustrates a proposition (M11GM-IIg-1) (Part I)
13. symbolizes propositions (M11GM-IIg-2) (Part III)
14. distinguishes between simple and compound propositions (M11GM-IIg-3) (Part I)
Name: Score:
Section: Date:

General Direction: Read the instructions carefully. Use other paper for your solution and answer. Make sure that your solutions are clear.

I. Essay. Briefly but correctly explain the following question/statement below. (15 pts)
1. Compare and contrast the following. (10 pts)
a. SIMPLE INTEREST and COMPOUND INTEREST (2 pts)
b. SIMPLE ANNUITY and GENERAL ANNUITY (2 pts)
c. STOCKS and BONDS (2 pts)
d. CONSUMER LOANS and BUSINESS LOANS (2 pts)
e. SIMPLE PROPOSITIONS and COMPOUND PROPOSITIONS (2 pts)
2. What are the basic characteristics of bonds and stocks? (3 pts)
3. Explain the significance of using propositions in our daily lives. (2 pts)
II. Solving Word Problem. Solve the following problems. (30 pts)
1. Andy invested ₱100,000 to an account that pays a simple interest of 3% annually. Find the interest earned after 4 years. (Simple
Interest, 2 pts)
2. How much money would you need to deposit today at 9% interest compounded monthly to have ₱12,000 in the account after 6
years? (Compound Interest, 2 pts)
3. Mr. Gonzales decided to join their office cooperative and agreed to contribute ₱500 per month beginning June 2019 which will earn
2% compounded monthly. How much will be the future value of Mr. Gonzales’ contribution after 10 years? (Simple Annuity, 3 pts)
4. Mrs. Caling is planning to save for her retirement. She targets to accumulate ₱7,000,000 in 15 years. To do this, she wants to set a
portion of her salary and contribute monthly for her retirement fund. How much should Mrs. Caling contribute per month if she will
have the chance to invest an annuity that earns 5% compounded quarterly? (General Annuity, 4 pts)
5. Jack and Jill decided to sell their car to purchase a new one. They posted an advertisement on the internet. Days after, two offers
came.
 Offer 1: ₱100,000 down payment plus ₱300,000 lump-sum payment 5 years from now
 Offer 2: ₱100,000 down payment plus ₱5,000 per month for 5 years
Which of the two arrangements will be more advantageous for Jack and Jill if the payment will have an interest of 10% compounded
monthly? (Fair Market Value of a Cash Flow Stream with Annuity, 7 pts)
6. Planning to give his son a car as a gift when he graduates from college 2 years from now, Allen decides to set aside a fund to enable
him to pay the expected monthly amortization of ₱23,000 every month for 3 years. If a bank offers to pay an interest of 7%
compounded monthly, how much should be set aside in order to achieve his plan? (Deferred Annuity, 7pts)
7. In buying a set of household appliance costing ₱120,000, a family makes a down payment of ₱10,000 and there is an agreement to
pay the balance in 36 monthly installments. How much is the monthly installment if interest is charged 6 ½ %compounded monthly?
(Amortization, 5 pts)
III. Represent the following statements in symbolic form. (5 pts)
1. If it is sunny, then I need an umbrella.
2. It is not sunny, or I need an umbrella.
3. I need an umbrella or shades.
4. If you need an umbrella and shades, then it is sunny.
5. If I do not need an umbrella, then it is not sunny.

“Mathematics is the most beautiful and powerful creation of the spirit.”

- Stefan Banach -

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