Project in

Math 6
Submitted by:
Arcilla, Amme Winkle
Bianes, Michelle
Lumigan, Michelle
Saquilayan, Katrina Martha

Submitted to:
Prof. Jambalos

Interest Rates
P- P100, 000
t- 12 months/ 1 year
r- 0.250% or .00250
Formula:
I=Prt
= (100,000)(.00250)(1)
=P250.00

P- P100, 000
t- 12 months/ 1 year
r- 0.250% or .00250
Formula:
I=Prt
= (100,000)(.00250)(1)
=P250.00

P- P100, 000
t- 12 months/ 1 year
r- 0.50% or .0050
Formula:
I=Prt
= (100,000)(.0050)(1)
=P500.00

It is compounded annually:
Given: F- P100, 000
t- 1 year
0.250% or .00250
Solution:

m- 1
j-

n= tm n= (1)(1)= 1
i= j
i= .00250 = .

0025

Given: F- P100, 000

t- 1 year
0.250% or .00250
Solution:

m- 1
j-

n= tm n= (1)(1)= 1
i= j
i= .00250 = .

0025
m

F=P(1+i)n
= 100,000 (1+.0025)1
=P100,250

Given: F- P100, 000

t- 1 year
0.50% or .0050
Solution:

m- 1
j-

n= tm n= (1)(1)= 1
i= j
i= .0050 = .

005
m

F=P(1+i)n
= 100,000 (1+.0025)1
=P100,250

m
F=P(1+i)n
= 100,000 (1+.005)1
=P100,500

1. What is the early withdrawal penalty?

When an early withdrawal is made, the investor usually
incurs an early withdrawal fee, which acts as a deterrent to
frequent withdrawals before the end of the early withdrawal
period. As such, an investor would usually only opt for early
withdrawals if there were pressing financial concerns that
warranted it, or if he or she had a markedly better use for
the funds.

2. Are these cash deposits insured? If so, by whom?

Yes, The cash deposits are insured to you because its your
account.
3. What is the limit per account?
Financial
Institution
BPI
BDO
Metrobank
Financial
Institution
BPI
BDO
Metrobank

Principal
Amount
P 100,000
P 100,000
P 100,000

Maximum Limit per account

P 50,000
P 500,000
P 500, 000
Years
Invested
1
1
1

Interest
Earned
P 500
P 250
P 250

Final
Amount
P 100, 500
P100, 250
P100, 250

4. Overall, which institution offers the Cash Deposit that

would earn the most interest after 12 months?

Therefore, BPI offers highest interest rate after 12

months