FINAL EXAM MATH BY: ARIAM

100/100
Question 1
Answer saved

Marked out of 1.00

Question text

It refers to the number that occurs most frequently in a list of numbers.

Select one:

a. Mode

b. Median

c. Mean

d. Deviation

Clear my choice

Question 2
Answer saved

Marked out of 1.00

Question text

How long will 1,000 amount to 1,346 if invested at 6% compounded quarterly?

Select one:

a. 3 years

b. 6 years

c. 5 years

d. 4 years
 Clear my choice

Question 3
Answer saved

Marked out of 1.00

Question text

A man borrowed 10,000 and agrees to pay at the end of 90 days under 8% simple interest
rate. What is the required amount?

Select one:

a. 10,700

b. 11,500

c. 9,500

d. 10,200

Clear my choice

Question 4
Answer saved

Marked out of 1.00

Question text

What rate compounded annually will double any sum in 6 years?

Select one:

a. 12.30%

b. 12.4%

c. 12.20%

d. 12.25%

Clear my choice
Question 5
Answer saved

Marked out of 1.00

Question text

It refers to the middle number if n is odd for a ranked order list of numbers.

Select one:

a. Deviation

b. Mean

c. Mode

d. Median

Clear my choice

Question 6
Answer saved

Marked out of 1.00

Question text

Annuity where payment is done at the end of the term

Select one:

a. Ordinary annuity

b. Exact annuity

c. Annuity due

d. Deferred annuity

Clear my choice

Question 7
Answer saved
Marked out of 1.00

Question text

The total amount the borrower would need to repay a loan

Select one:

a. Present value

b. Principal

c. Compound value

d. Maturity value

Clear my choice

Question 8
Answer saved

Marked out of 1.00

Question text

It is one whose payment depend on an event that cannot be foretold accurately.

Select one:

a. ordinary annuity

b. annuity due

c. deferred annuity

d. contingent annuity

Clear my choice

Question 9
Answer saved

Marked out of 1.00

Question text
If money is worth 4% compounded monthly ,what payment at the end of each quarter will
replace payments of Php 500.00 monthly

Select one:

a. 1,565.00

b. 1,525.00

c. 1,500.00

d. 1,505.00

Clear my choice

Question 10
Answer saved

Marked out of 1.00

Question text

The maturity value of a loan of Php 10,000 and interest half of the principal

Select one:

a. 11,000

b. 15,000

c. 18,000

d. 12,000

Clear my choice

Question 11
Answer saved

Marked out of 1.00

Question text

The mode for the data in #5 is

a. none

b. 12

c. 9

d. 10

Clear my choice

Question 12
Answer saved

Marked out of 1.00

Question text

A loan of Php 2000 is made for a period of 13 months at a simple interest rate of 20%.What
is the maturity value?

Select one:

a. 2,433.33

b. 2,434.22

c. 2,450.12

d. 2.400.32

Clear my choice

Question 13
Answer saved

Marked out of 1.00

Question text

It refers to a collection of numbers or values that relate to a particular subject.

Select one:
a. sequence

b. null

c. set

d. Data set

Clear my choice

Question 14
Answer saved

Marked out of 1.00

Question text

What is the present worth of a Php 1000 annuity over a 10-year period if interest rate is
8%?

Select one:

a. 6710.00

b. 8976.00

c. 7896.00

d. 6234.80

Clear my choice

Question 15
Answer saved

Marked out of 1.00

Question text

It is an interest bearing contract which obligates the borrower to make payments of interest
and principal on specific dates to the holder of the bond

Select one:
a. Check

b. Loan

c. Annuity

d. Bond

Clear my choice

Question 16
Answer saved

Marked out of 1.00

Question text

It displays a data set by dividing the data into intervals, or, classes, and listing the number
of data values that fail into each interval.

Select one:

a. Normal distribution

b. Relative frequency

c. Frequency distribution

d. Cumulative frequency distribution

Clear my choice

Question 17
Answer saved

Marked out of 1.00

Question text

The median for the data in #5 is

Select one:

a. 11
b. 15

c. 10

d. 12

Clear my choice

Question 18
Answer saved

Marked out of 1.00

Question text

What rate compounded quarterly is equivalent to 14% compounded semiannually?

Select one:

a. 13.52%

b. 13.76%

c. 13.45%

d. 13.65%

Clear my choice

Question 19
Answer saved

Marked out of 1.00

Question text

The interest computed on the basis of a 360-day year

Select one:

a. Simple interest

b. Ordinary interest
c. Compound

d. Exact interest

Clear my choice

Question 20
Answer saved

Marked out of 1.00

Question text

It is one which payment begin and end at fixed times.

Select one:

a. Annuity due

b. Annuity certain

c. Ordinary annuity

d. Contingent Annuity

Clear my choice

Question 21
Answer saved

Marked out of 1.00

Question text

It is also referred to as the principal

Select one:

a. annuity

b. amount

c. maturity value
d. Present value

Clear my choice

Question 22
Answer saved

Marked out of 1.00

Question text

How long will it take for 500 to accumulate to 2,000 at 12% compounded semi-annually?

Select one:

a. 12 years

b. 12.9 years

c. 12.5 years

d. 12.7 years

Clear my choice

Question 23
Answer saved

Marked out of 1.00

Question text

The exact simple interest on 5,000 for the period of January 15 to November 28,1992 if the
interest rate is 22%

Select one:

a. 300.55

b. 547.65

c. 955.74

d. 451.89
 Clear my choice

Question 24
Answer saved

Marked out of 1.00

Question text

It is an amount where the borrower is obliged to pay before the bond is surrendered to the
borrower.

Select one:

a. maturity value

b. final amount

c. Final redemption value

d. present value

Clear my choice

Question 25
Answer saved

Marked out of 1.00

Question text

It refers to the sum of the numbers divided by n.

Select one:

a. Median

b. Mode

c. Deviation

d. Mean

Clear my choice
Question 26
Answer saved

Marked out of 1.00

Question text

If 16,000 earns 480 in 9 months ,what is the annual rate of interest?

Select one:

a. 4%

b. 1%

c. 3%

d. 2%

Clear my choice

Question 27
Answer saved

Marked out of 1.00

Question text

The actual number of days between May 4 and Sept 6 of the same year is

Select one:

a. 130

b. 125

c. 128

d. 135

Clear my choice

Question 28
Answer saved
Marked out of 1.00

Question text

The present worth of 20,000 with simple interest of 12% due in 9 months is

Select one:

a. 21,000.00

b. 18,348.62

c. 18,509.23

d. 23.500.00

Clear my choice

Question 29
Answer saved

Marked out of 1.00

Question text

It represents the interest earned date or coupon date also referred to as coupon annuity
payments

Select one:

a. Periodic payment

b. Annuity

c. Bond

d. Borrowed principal

Clear my choice

Question 30
Answer saved

Marked out of 1.00

It is used to convert any formal distribution into the standard normal curve between them.

Select one:

a. T-score

b. Ratio

c. Standard deviation

d. Z-score

Clear my choice

Question 31
Answer saved

Marked out of 1.00

Question text

How many conversion periods are there for an amount of 1000 compounded quarterly for 5
years

Select one:

a. 15

b. 5

c. 10

d. 20

Clear my choice

Question 32
Answer saved

Marked out of 1.00

Question text
It refers to the bond rate or coupon rate

Select one:

a. Nominal rate

b. Compound value

c. Present value

d. Effective ratel

Clear my choice

Question 33
Answer saved

Marked out of 1.00

Question text

The largest interest can be obtained when compounded.

Select one:

a. semi-annually

b. quarterly

c. monthly

d. annually

Clear my choice

Question 34
Answer saved

Marked out of 1.00

Question text

Which is regarded as an annuity?

Select one:
a. Electricity bill

b. Monthly wage

c. Monthly rental

d. Water bill

Clear my choice

Question 35
Answer saved

Marked out of 1.00

Question text

Find the interest rate on 6800 for 3 years at 11% simple interest .

Select one:

a. 1,875.000

b. 2,244.00

c. 2144.00

d. 1987.00

Clear my choice

Question 36
Answer saved

Marked out of 1.00

Question text

The actual time in days from May 1 to Dec 15 of the same year is

Select one:

a. 240
b. 228

c. 230

d. 227

Clear my choice

Question 37
Answer saved

Marked out of 1.00

Question text

It is an interest computed based on the original principal during the whole life of investment

Select one:

a. simple

b. bond

c. compound

d. annuity

Clear my choice

Question 38
Answer saved

Marked out of 1.00

Question text

The process of determining the current value of a bond

Select one:

a. Bond evaluation

b. Bond validation
c. Bond determination

d. Bond interest

Clear my choice

Question 39
Answer saved

Marked out of 1.00

Question text

How much must be invested today in order to have 15,500 in 2 years if money is worth
12% simple interest?

Select one:

a. 12,200

b. 12,500.00

c. 12,000

d. 13,000

Clear my choice

Question 40
Answer saved

Marked out of 1.00

Question text

The line that minimizes the sum of the squares of the vertical deviations from each data
point to the line is referred to as the least-squares regression line, or least- squares line for

Select one:

a. Regression line

b. Random line
c. Least regression line

d. Least-squares regression line

Clear my choice

Question 41
Answer saved

Marked out of 1.00

Question text

It is found by assuming each month to be 30 days

Select one:

a. Approximate time

b. Simple time

c. Ordinary time

d. Exact time

Clear my choice

Question 42
Answer saved

Marked out of 1.00

Question text

Which covers the longest time?

Select one:

a. 20 months

b. 800 days

c. 100 weeks
d. 1.5 years

Clear my choice

Question 43
Answer saved

Marked out of 1.00

Question text

At a certain interest compounded semiannually , 5,000 will amount 20,000 in 10 years

Select one:

a. 40,000.23

b. 40,029.72

c. 40,000.000

d. 40,920.23

Clear my choice

Question 44
Answer saved

Marked out of 1.00

Question text

Accumulate 5,000 for 10 years at 8% compounded quarterly.

Select one:

a. 11,040.20

b. 10,345.80

c. 12,456.30

d. 13,876.50
 Clear my choice

Question 45
Answer saved

Marked out of 1.00

Question text

It is a sequence of equal payments made at equal periods

Select one:

a. Interest

b. Compound interest

c. Annuity

d. Bond

Clear my choice

Question 46
Answer saved

Marked out of 1.00

Question text

The compound amount when 2,000 is invested at 10% compounded every 6 months for 2
years.

Select one:

a. 2,340.12

b. 2,345.20

c. 2,423.00

d. 2,431.01

Clear my choice
Question 47
Answer saved

Marked out of 1.00

Question text

How long will 4,000 to 14,000 at a simple interest rate of 12.5% ?

Select one:

a. 20 years

b. 15 years

c. 25 years

d. 10 years

Clear my choice

Question 48
Answer saved

Marked out of 1.00

Question text

The time between successive interest computation

Select one:

a. Exact time

b. Compounding period

c. Approximate time

d. Regression period

Clear my choice

Question 49
Answer saved
Marked out of 1.00

Question text

The mean for data set: 10,12,15,16.,8, 7 is

Select one:

a. 12.12

b. 11.33

c. 10.55

d. 14.10

Clear my choice

Question 50
Answer saved

Marked out of 1.00

Question text

What is the annual rate of interest if 265 is earned in four months on an investment of
15,000.00?

Select one:

a. 5.1%

b. 5.3%

c. 5.2%

d. 5,0%