Gen Math Final Exam
Gen Math Final Exam
Gen Math Final Exam
I. MULTIPLE CHOICE.
Direction: Write the LETTER of the correct answer on the space provided before each number.
For items 1-5, refer to the table below:
Principal (P) Rate (r) Time (t) Interest (I)
10, 000 8% 15 (1)
(2) 2% 5 10, 000
360, 000 (3) 2 3, 600
500, 000 10.5% (4) 175, 500
880, 000 9.25% 2.5 (5)
1. Solve the following problem on simple interest. Show your complete solution.
a. Angel deposited Php 20,000 in a bank that pays 0.5% simple interest. How much will
be her money after 6 years?
b. Justin borrowed Php 5,000 at 5% annual simple interest rate. If he decided to pay
after 1 year and 3 months, how much should he pay by then?