Read carefully the problems. Write the letter of the correct answer.
1. Solve for the percent of increase from 355 to 525.
A. 478.8%
B. 47.9%
g 32.38%
D. 3.238%
2. I have PhP 50,000.00 in the bank. If the bank pays me 11% simple interest on
this amount every year, how much interest will I get for 2 years?
A. PhP 15,000.00 B. PhP 11,000.00 C. Php 5,000.00 D PhP 12,000.00
3. Kardo deposited PhP 6,500 in a simple interest account that pays 2.8% interest
annually. If Ben leaves the money in the account for 12 years, how much
interest will he earn?
A. PhP 1,200 B. PhP 2,184.00 C. PhP 8,000
D. PhP 2,184.50
4. My grandfather bought medicines amounting to PhP 2,340.00 including VAT.
How much did he pay the drugstore as a senior citizen if he was exempted
for paying the 12% VAT?
A. PhP 280.80
C. PhP 2,430.00
B. PhP 2,340.00
D. PhP 2,059.20
5. Mrs. Vargas is a car sales agent who earns PhP 5,850 monthly
plus a 4% commission on all her sales. During a month, she sold a car
worth PhP 740,000.00. How much is her total earnings?
A. PhP 28,540.00
C. PhP 35,450.00
B. PhP 35,540.00
D. PhP 32,059.00
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