Name: Cascaro, Cyndi O.

2BSE-B1
Assingment 5.3 (page 49)
Instruction: Solve for the amounts in accounts paying interest at 10% per year with
compound (compounded yearly) and simple interest if you invested a principal of Php 500.
Then graph the amount from compound and simple interest in Y-axis corresponding to the
number of years in X-axis.
Formula: F=P(1+r/m)mt F=P+Prt
Years Amount from Compound Interest Amount from Simple Interest
1 500(1+0.1/1)(1)(1)=550 500+ 500(0.1)(1)= 550
2 500(1+0.1/2)(1)(2)=605 500+ 500(0.1)(2)=600
3 500(1+0.1/3)(1)(3)=665.5 500+ 500(0.1)(3)=650
5 500(1+0.1/5)(1)(5)=805.26 500+ 500(0.1)(5)=750
10 500(1+0.1/10)(1)(10)=1,296.87 500+ 500(0.1)(10)=1,000
20 500(1+0.1/20)(1)(20)=3,363.75 500+ 500(0.1)(20)=1,500
30 500(1+0.1/30)(1)(30)=8,724.70 500+ 500(0.1)(30)=2,000
40 500(1+0.1/40)(1)(40)= 22,692.63 500+ 500(0.1)(40)=2,500
50 500(1+0.1/50)(1)(50)= 58,695.43 500+ 500(0.1)(50)=3,000
100 500(1+0.1/100)(1)(100)=6,890,306.17 500+ 500(0.1)(100)=5,500
Total: 6,987,642.31 15,550