Professional Documents
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Combating Poverty & Microloans-Fairness and Development Task
Combating Poverty & Microloans-Fairness and Development Task
7,038,000,000
Gender
Age
Dwelling
Approx. Current if the world were
Proportion
Population 100 people…
1055700000/7038000000 15/100
Africa 3/20
Religion
Approx. Fraction if the world were 100
Proportion people…
of Population
No 844560000/7038000000 12/100
120/1,000
Religion
Other
Literacy
if the world were
Approx. Ratio Proportion 100 people…
Ratio of Literate to
Can read and the Population 5841540000/7038000000 = 83/100
write 5,841,540,000 : 83/100
7,038,000,000
Drinking Water
Approx. Fraction Proportion if the world were
of Population 100 people…
Access to
safe drinking 87/100 914940000/7038000000 13/100
water
Unsafe
drinking 1,573/12,100 6123060000/7038000000 87/100
water
Poverty
Approx. Current Proportion if the world were
Population 100 people…
1. Which product has the greatest percentage of price difference? The least?
Cocoa has the greatest percentage of price difference. Bananas have the least percentage
of price difference.
3. What would the price difference be if you bought 36 oz of Fair Trade orange juice
instead of 36 oz of non-Fair Trade orange juice?
3×2.73 < 3×4.21
8.19 < 12.63
The price difference would be $4.44.
6. A multinational clothing manufacturer needs 40,000 pounds of cotton for the next
fashion line. How much more would this cost if they purchase Fair Trade items? If
they typically sell 20,000 shirts for $20 apiece, what would the new price of the
shirt be to make up the difference?
40000×1.23 = $49200
20000×20 = $400000
20000×x = 449200
x = 449200/20000 = $22.46 apiece
PANHA Cambodia
business.
35% raised
BACKGROUND
Panha is eighteen years old and supports his three Repayment Term 8 months
younger siblings. Panha has an ability to fix Expected
machines. He wants to start a business to help pay $95.25 / mo.
Repayments
for the needs of his family and pay his own way to
go back to school. Country Cambodia
Currency Riel (KHR)
Questions 4,278.71 KHR
1. With 35% of his total risen, how much more Exchange Rate
= 1 USD
money does Panha need for the loan to be
fulfilled?
35% of 750 = $262.5 or 1123161.375 reil
Money remaining for the loan:
$487.5 In Riel, 2085871.125 KHR
2. If Panha makes all of his expected repayments on time, how much money does he pay
back overall? How much interest was he charged?
8×95.25 = $762 or 3260377.02 reil Interest Amount = A-P = 1226.25 - 750 =
$476.25 A = 750(1+(0.9525×0.67)=1226.25
A=$1226.25
3. What percentage of the original loan did Panha pay in interest?
x/100×750 =
476.25 x/100 =
476.25/750 x =
63.5%
4. Panha expects to earn 9,000,000 riel this next year. How much does he have left over
after paying the loan back? If school costs 500,000 riel will he have enough to go?
750×4278.71 = 3209032.5
He will have enough to go to the
school.
Juana Peru
her home
8% raised
BACKGROUND
Juana, 51, lives in Lima with her husband and four Repayment Term x months
kids. Unfortunately, she needed to work at a very Expected Repayments 264 PEN / mo.
young age to support her parents and did not finish
primary school. She runs her small business selling Country Peru
chichi, a sweet Peruvian drink. She wants to install Nuevos Soles
metal sheets on the roof of her house to provide Currency
(PEN)
greater security for her family. 2.6240 PEN =
Exchange Rate
1 USD
Questions
1. With 8% of her total risen, how much more
money does Juana need for the loan to be fulfilled?
8%×1215 = $97.2 or 255.0528 PEN
Juana needs $1117.8 for the loan to be fulfilled.
2. If Juana’s loan charges 25% of the original loan value every year in interest (simple interest),
how much interest does Juana have to pay each month?
25%×1215 = $303.75
303.75/12 = $25.3125 per month
4. If Juana plans to pay 264 PEN a month, how many dollars is this?
264/2.6240 = $100.6097561
5. How many months will she need to repay the loan?
125.9222561m – 25.3125m= 1215
100.6097561m = 1215
m = 1215/100.6097561 = 12.07636364 months