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    Activity 3-Finals Act

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    shiemaebaylon

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    Activity 3-Finals Act

    Uploaded by

    shiemaebaylon
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    4 views2 pages

    Activity 3-Finals Act

    Uploaded by

    shiemaebaylon

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 2

    Name of Student: Subject:

    Mathematics in the Modern World


    Course/Year/Section: Instructor:
    Mr. John Marvin S. Canaria, LPT, MAEd

    ACTIVITY #3- FINALS


    A. Find the unknown principal P, rate r, time t, and interest I by completing the table.

    B. Complete the table by finding the unknown.

    C. Solve for the following problems on simple interest.


    1. What are the amounts of interest and maturity value of loan for ₱ 150,000 at 6.5%
    simple interest for 3 years?
    2. At what simple interest rate per annum will ₱25,000 accumulate to ₱33,000 in 5
    years?
    3. How long will ₱40,000 amount to ₱51,200 if the simple interest rate is 12% annum?
    4. In order to have ₱20,000 in 3 years, how much should you invest if the simple interest
    is 5.5%
    5. Angel deposited ₱20,000 in a bank that pays 0.5% simple interest. How much will be
    her money after 6 years?
    6. Angel invested a certain amount at 8% simple interest per year. After 6 years, the
    interest she received amount to ₱48,000. How much did she invest?
    7. Justin borrowed ₱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?
    8. How long will an amount of money double at a simple interest rate of 2% per annum?
    9. At what simple interest rate will an amount of money double itself in 10 years?
    10. If a person borrowed ₱88,000 at an annual simple interest rate of 10 ¼ % for 18
    months, how much interest should he pay?
    D. Complete the table. Show your complete solutions.

    Principal (P) Rate (r) Time (t) Compound Interest Maturity Value
    ₱10,000 8% 15 (1) (2)
    ₱3,000 5% 6 (3) (4)
    ₱50,000 10.5% 10 (5) (6)
    (7) 2% 5 (8) ₱50,000
    (9) 9.25% 2.5 (10) ₱100,000
    E. Solve the following problems on compound interest. . Round off your final answer up to two decimal
    places. Show your complete solutions.

    1. What are the amounts of interest and maturity value of a loan for ₱20,000 at 6%
    compound interest for 3 years?
    2. In order to have ₱50,000 in 5 years, how much should you invest if the compound interest
    is 5%?
    3. A savings account in a bank yields 0.25% compound interest annually. Accumulate (find
    the future value of) ₱25,000 for 4 years in the savings account. How much interest will be
    gained?
    4. In a certain bank, Angel invested ₱88,000 in a time deposit that pays 0.5% compound
    interest in a year. How much will be her money after 6 years? How much interest will she
    gain?
    5. On the 7th birthday of her daughter, Shirlee deposited an amount in a bank peso bond
    fund that pays 1.0% interest compounded annually. How much should she deposit if she
    wants to have ₱100,000 on her daughter’s 18th birthday?
    6. Peter borrowed P100, 000 at 8% compounded annually? How much will he be paying after
    2 years?
    7. A time deposit account in a bank yields 5.5% compound interest annually. Jennifer
    invested P450,000 for 4 years in this savings account. How much interest will she gain?
    8. In order to have P250, 000 in 5 years, how much should you invest if the compound
    interest is 12%?
    9. How much money must be invested to obtain an amount of P150,000 in 2 years if money
    earns at 10.5% compounded annually?
    10. What amount must be deposited by a student in a bank that pays 2 % compounded
    annually so that after 12 years he will have P100,000?

    F. Solve the following word problems. Show your solutions.


    1. A loan of P200,000 is to be repaid in full after 3 years. If the interest rate is 8% per annum. How
    much should be paid after 3 years?
    2. A loan of P300,000 is to be repaid in full after 2years. If the interest rate is 9% per annum. How
    much should be paid after 2 years?
    3. For a purchase of a house and lot worth P3,800,000, the bank requires 20% down payment,
    find the mortgaged amount.
    4. If a car loan of P790,000 requires a 20% downpayment. How much is the mortgage?
    5. A person borrowed P1,000,000 for the purchase of a car. If his monthly payment is P25,000 on
    an 8-year mortgage, find the total amount of interest.
    6. A car dealer offers a 15% down payment for the purchase a car. How much is the mortgaged
    amount if the cash value of the car is P1,500,000?
    7. If a condominium is purchased for P5,700,000 and the bank requires 30% down payment, how
    much is the mortgaged amount?
    8. A family obtained a P1,000,000 mortgage. If the monthly payment is P38,000 for four years,
    how much is the total interest paid?
    9. Mr. Canlapan obtained a 10-year mortgage for P4,200,000. If his monthly payment is P39,500
    , how much is the total interest?

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