Polytechnic University of The Philippines: Lopez, Quezon Branch
Polytechnic University of The Philippines: Lopez, Quezon Branch
Polytechnic University of The Philippines: Lopez, Quezon Branch
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GEED 10053 Mathematics in the Modern World February 8, 2021
Assignment / Quiz # 8
2. Mr. Reyes placed P25,000, in a savings bank at 4% and P13,000 in a time deposit at 10½%.
How much simple interest do his investments earn every 3 months?
3. Mrs. Ablan borrowed P25,000 to start a market stall, at 14% simple interest. If she paid
P10, 000 every six months, a) how many times did she pay? b) How much was her last
payment? c) how much in all did she pay?
4. If interest is compounded quarterly how much will P1000,000 be at the end of one year at
12% compound interest?
Prepared By:
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POLYTECHNIC UNIVERSITY OF THE PHILIPPINES
LOPEZ, QUEZON BRANCH
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Part-Time Faculty
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