Cuenca Institute GENERAL MATHEMATICS

Senior High School Community

Gen. Malvar St., Brgy. 3, Cuenca, Batangas
Name : __________________________________________
Gr 11 : ____________________
FINAL EXAMINATION
S.Y. 2017-2018 Date : ____________________ Score: _____ / 40

General Directions: Read and analyze the given items carefully. Write your answer on the space provided. Calculator is allowed. (A)
.

Solve the given problems. Show your solution to support your answer.

At the end of every three months, Charlie deposits Php 15,000.00 in a bank which offers 1.5% compounded
quarterly for one year. Find the amount of the ordinary annuity in the transaction.

Period Initial Balance Periodic Interest at Periodic payment Sum at the end of
1.5% periodic rate the period
1st Quarter
2nd Quarter
3rd Quarter
4th Quarter
A brand new car worth Php 800,000.00 was bought by Allen. He made a down payment of Php 150,000.00. The
remaining balance is payable every three months for 5 years. If the remaining balance is charged 4.5% compounded
quarterly, how much will he pay every three months?

SOLUTION:

Periodic
Year Quarter Initial Balance Interest at Total Periodic Sum at the end
0.045/4 payment of the period
periodic rate
1st
2nd
FIRST
3rd
4th
1st
2nd
SECOND
3rd
4th
1st
2nd
THIRD
3rd
4th
1st
2nd
FOURTH
3rd
4th
1st
2nd
FIFTH
3rd
4th

Prepared by: Noted by:

JEMARJO E. SALANDANAN, LPT LILIA L. REMO

General Mathematics, C.I. SHS Principal, Cuenca Institute
“The essence of Mathematics is not to make simple things complicated, but to make complicated things simple.” – S. Gudder .

@vavaff_ | facebook.com/rockyroad24 | salandananjmj@gmail.com .