SENIOR

Business Math
0
HIGH
SCHOOL

Computing Down Payment, Gross Module

Balance and Current Increased Balance 2
Quarter 2
Business Math
Quarter 2 – Module 2: Computing Down Payment, Gross Balance and Current
Increased Balance
First Edition, 2020

Republic Act 8293, section 176 states that: No copyright shall subsist in any work
of the Government of the Philippines. However, prior approval of the government agency or
office wherein the work is created shall be necessary for exploitation of such work for profit.
Such agency or office may, among other things, impose as a condition the payment of
royalties.

Borrowed materials (i.e., songs, stories, poems, pictures, photos, brand names,
trademarks, etc.) included in this module are owned by their respective copyright holders.
Every effort has been exerted to locate and seek permission to use these materials from
their respective copyright owners. The publisher and authors do not represent nor claim
ownership over them.

Published by the Department of Education Division of Pasig City

Development Team of the Module

Writer: Zara Jane D. Astete
Editors: Nenet M. Peñaranda
Reviewers: Carmelita B. Peralta
Layout Artist: Clifchard D. Valente
Management Team: Ma. Evalou Concepcion A. Agustin
OIC-Schools Division Superintendent
Carolina T. Rivera, Ed. D.
OIC-Assistant Schools Division Superintendent
Victor M. Javeña, Ed. D.
Chief - School Governance and Operations Division
OIC – Chief Curriculum Implementation Division
Education Program Supervisors
Librada L. Agon, Ed. D., EPP/TLE
Liza A. Alvarez, Science
Bernard R. Balitao, Araling Panlipunan
Joselito E. Calios, English
Norlyn D. Conde, Ed. D., MAPEH
Wilma Q. Del Rosario, LRMS
Ma. Teresita E. Herrera, Ed. D., Filipino
Perlita M. Ignacio, Ph. D., ESP/SPED
Dulce O. Santos, Ed. D., Kinder/MTB
Teresita P. Tagulao, Ed. D., Mathematics

Printed in the Philippines by Department of Education – Division of Pasig City

Business SENIOR
HIGH

Math
SCHOOL

Module

2
Quarter 2
Computing Down Payment,
Gross Balance and Current
Increased Balance
Introductory Message

For the facilitator:

Welcome to the Business Math for Senior High School Module on Computing Down
Payment, Gross Balance and Current Increased Balance!

This module was collaboratively designed, developed and reviewed by educators

from Schools Division Office of Pasig City headed by its Officer-In-Charge Schools
Division Superintendent, Ma. Evalou Concepcion A. Agustin in partnership with
the Local Government of Pasig through its mayor, Honorable Victor Ma. Regis N.
Sotto.
The writers utilized the standards set by the K to 12 Curriculum using the Most
Essential Learning Competencies (MELC) while overcoming their personal, social,
and economic constraints in schooling.

This learning material hopes to engage the learners into guided and independent
learning activities at their own pace and time. Further, this also aims to help
learners acquire the needed 21st century skills especially the 5 Cs namely:
Communication, Collaboration, Creativity, Critical Thinking and Character while
taking into consideration their needs and circumstances.

In addition to the material in the main text, you will also see this box in the body of
the module:

Notes to the Teacher

This contains helpful tips or strategies
that will help you in guiding the learners.

As a facilitator you are expected to orient the learners on how to use this module.
You also need to keep track of the learners' progress while allowing them to
manage their own learning. Moreover, you are expected to encourage and assist the
learners as they do the tasks included in the module.
For the learner:

Welcome to the Business Math Module on Computing Down Payment, Gross

Balance and Current Increase Balance!

The hand is one of the most symbolized part of the human body. It is often used to
depict skill, action and purpose. Through our hands we may learn, create and
accomplish. Hence, the hand in this learning resource signifies that you as a
learner is capable and empowered to successfully achieve the relevant
competencies and skills at your own pace and time. Your academic success lies in
your own hands!

This module was designed to provide you with fun and meaningful opportunities
for guided and independent learning at your own pace and time. You will be
enabled to process the contents of the learning material while being an active
learner.

This module has the following parts and corresponding icons:

Expectation - These are what you will be able to know after completing the
lessons in the module

Pre-test - This will measure your prior knowledge and the concepts to be
mastered throughout the lesson.

Recap - This section will measure what learnings and skills that you
understand from the previous lesson.

Lesson- This section will discuss the topic for this module.

Activities - This is a set of activities you will perform.

Wrap Up- This section summarizes the concepts and applications of the
lessons.

Valuing-this part will check the integration of values in the learning

competency.

Post-test - This will measure how much you have learned from the entire
module.
 EXPECTATION
At the end of the learning module, you are expected to:

1. Compute down payment, gross balance and current increased

balance.

PRETEST

Direction: Write the letter of the correct answer.

Ian chose to have a brand new car for his graduation. His father
bought it worth Php 692,000 which would be financed by a car loan
from bank. Their agent told them that the required down payment was
30% of the unit price.
1. How much was the down payment paid by the buyer?
a. Php 207,600 c. Php 276,000
b. Php 270,600 d. Php 273,600
2. How much was the gross balance or the amount to be financed
by the bank?
a. Php 416,000 c. Php 448,400
b. Php 421,400 d. Php 484,400
3. How much is the current increased balance if the bank charges
an interest rate of 27.5%?
a. Php 530,400 c. Php 617,610
b. Php 537,285 d. Php 671,160

Marc purchased a town house unit whose total contract price is

Php 980,200. He paid Php 30,000 as reservation fee and a down
payment of 20% of the unit price which is to be deducted from the
total contract price. The balance will be paid through a housing loan
from a bank.
4. How much was the gross balance or the amount to be financed
by the bank?
a. Php 716,457 c. Php 754,160
b. Php 745,160 d. Php 764,150
5. How much is the current increased balance if the bank charges
an interest rate of 25%?
a. Php 924,700 c. Php 942,700
b. Php 927,400 d. Php 947,200
 RECAP

A. Tell whether the problems below illustrate a straight commission,

salary plus commission or graduated commission.

1. An agent received 5% commission on his total sales. If he sold

Php 50,000 worth of products. How much is his commission for
selling books?
2. Sheila receives a salary of Php 15,000 plus 6% commission on her
total sales. Find her earning for this month if her sales were
Php 76,555.10?
3. Garry gets a 4% commission on the first Php 60,000 worth of goods
sold by him each month, an additional 3% on excess of Php 60,000
and 1% on excess of Php 100,000. Find his gross earning if his
total sales for the month were Php 350,000?
4. Chia, an online seller, receives an 6% commission on the first
Php 30,000.00 she sells, and 4% on product over Php 30,000.00.
If Chia sold worth Php 90,000.00. How much is her total
commission?
5. Grace earns a 10% commission on resale product. If she resells
Php 35,000 worth of products, how much commission will she
earn?

LESSON

Consider the problem.

Sunshine is a sales agent. She was able to sell a brand new car
worth Php 732,000 this month. Her buyer paid a 20% down payment
of the net price. The balance will be paid through bank financing.

Down payment is the first payment that one makes when one buys
something with an agreement to pay the rest later.

Down Payment = Unit Price x Down Payment Rate

= Php 732,000 x 0.20
= Php146,400

Gross balance or book balance refers to the total amount of money a

bank has on deposit before adjusting for uncleared checks or
deposits, as well as reserve requirements. That is, the book balance is
a measure of what the bank has on hand before adding or subtracting
regulatory obligations and items that will soon appear on its books.
This is the term used by banks to describe the amount of money
available before any adjustment is made for deposits in transit, checks
that have not been cleared, and reserve requirements and interest
received from “float funds”.

Gross balance (Amount to Be Financed through Bank)

Gross balance = Unit Price – Down Payment
= Php 732,000 – Php 146,400
= Php 585,600

Current increased balance refers to the total amount you have to pay
that includes penalties or interest incurred by unpaid balance from a
loan or payment you are supposed to have made but was not able to
do so on time.

How much is the current increased balance if the bank charges

an interest rate of 20.25%?

Current Increased Balance = Gross Balance (1 + Interest Rate)

= Php 585,600 (1 + .2025)
= Php 585,600 (1.2025)
= Php 704,184

Example: Jen purchases using her credit card with a current total
amount due of Php 65,234.66. The minimum required payment is 5%
of the total amount due. As of this month’s cut off date, if she only
pays the minimum required payment, a financing charge of 3.5% of
the remaining balance will be charged to the next bill. Assuming she
didn’t use her credit card for the next 3 months and the financing
charge of 3.5% is charged every billing period, show Jen’s expected
monthly bill for the next 3 months.

Solution: Jen’s current bill is Php 65,234.66, so the minimum

required payment is 0.05 ( Php 65,234.66) = Php3,261.73

So, the expected amount on her 1st month bill will be

= (Php65,234.66 – Php 3,261.73) + 0.035 (Php65,234.66 -

Php3,261.73)
= Php 61,972.93 + 0.035(Php 61,972.93)
= 1.035(Php 61,972.93)
= Php 64,141.98

For the 2nd month, the required payment will be

0.05(Php 64,141.98) = Php 3,207.10
Her 2nd month bill will be
= (Php 64,141.98 – Php 3,207.10) + 0.035(Php64,141.98 - 3,207.10)
= Php 60,934.88 + 0.035(Php 60,934.88)
= 1.035(Php 60,934.88)
= Php63,067.60
For the 3rd month, the required payment will be
0.05(Php 63,067.60) = Php3,153.38

Her 3rd month bill will be

= (Php 63,067.60– Php3,153.38) + 0.035(Php63,067.60– Php3,153)

= Php 59,914.22 + 0.035(Php 59,914.22)
= 1.035(Php 59,914.22)
= Php 62,011.22

As you can see, Jen has already been paid (3,261.73 + 3,207.10
+ 3,153.38) = Php9,622.21 but only (Php 65,234.66 – Php 62,011.22)
= Php3,223.44 has been deducted so far from the original debt of
P65,234.66. Hence, every time she keep paying only the required
minimum payment, more money goes to the interest payments rather
than payment of the actual debt because there is a finance charge of
3.5%.
Therefore, for the next 3 months, Jen’s current increased
balance will become Php62,011.22.

ACTIVITIES
Solve the following problems

1. Edwin was able to sell a condominium worth Php 2,350,000 which

would be financed by a bank or through PAG-IBIG. He gave his
buyer a discount of Php 50,000. He told his buyer that the required
down payment was 20% of the net price.
a. How much was the down payment paid by the buyer?
b. How much was the gross balance or the amount to be
financed by the bank or PAG-IBIG?
c. How much is the current increased balance if the bank
charges an interest rate of 15%?
2. Dave purchased a town house unit whose total contract price is
Php1,020,300. He paid Php10,000 as reservation fee and a down
payment of 25% of the unit price which is to be deducted from the
total contract price. The balance will be paid through a housing
loan from a bank.
a. How much was the gross balance or the amount to be
financed by the bank?
 b. How much is the current increased balance after if the bank
charges an interest rate of 10.25%?

WRAP UP

Fill in the blanks.

1. _________ refers to the total amount of money a bank
has on deposit before adjusting for uncleared checks or
deposits, as well as reserve requirements.
2. __________ is the first payment that one makes when one
buys something with an agreement to pay the rest later.
3. __________ refers to the total amount you have to pay
that includes penalties or interest incurred by unpaid
balance from a loan or payment you are supposed to
have made but was not able to do so on time.

VALUING
Credit card is a quick source of fund especially in an
“absolute” emergency but remember it also encourages us to
buy unnecessary “wanted” purchases.

What do you think are the advantages and disadvantages

of having credit cards?

POST-TEST

Direction: Write the letter of the correct answer.

Rey was able to sell a car whose total contract price is

Php810,000. He paid Php10,000 as reservation fee and a down
payment of 20% from the unit price which is to be deducted from the
total contract price. The balance will be paid through a car loan from
a bank.

1. How much was the gross balance or the amount to be financed

by the bank?
a. Php 628,000 c. Php 648,000
b. Php 638,000 d. Php 658,000
 2. How much is the current increased balance if the bank charges
an interest rate of 12.5%?
a. Php 706,500 c. Php 729,000
b. Php 717,750 d. Php 740,250

Camba Family was able to buy a house and lot worth Php4,250,000
which would be financed through PAG-IBIG. Their agent gave them a
discount of Php100,000. The required down payment was 25% of the
net price.
3. How much was the down payment paid by the buyer?
a. Php1,037,500 c. Php1,073,500
b. Php1,062,500 d. Php1,602,500
4. How much was the gross balance or the amount to be financed
through PAG-IBIG?
a. Php2,547,500 c. Php3,087,500
b. Php3,076,500 d. Php3,112,500
5. How much is the current increased balance if it charges an
interest rate of 27%?
a. Php3,235,325 c. Php3,087,500
b. Php3,907,155 d. Php3,952,875

KEY TO CORRECTION

5. c 5. Straight 5. d
4. c 4. Graduated 4. d
3. c 3. Graduated 3. a
2. d 2. Salary Plus 2. b
1. a 1. Straight 1. b
A. A. A.
PRETEST RECAP POSTTEST
 5. Php 832,635.56
4. Php 755,225
Increased Balance
3. Php 2,116,000
3. Current
2. Php 1,840,000
2. Down Payment
1. Php 460,000
1. Gross Balance
A.
A.
Activities
WRAP UP

R E F E R E N CE S
Books:

1. Commission on Higher Education (2016). Teaching Guide for Senior

High School Business Mathematics

2. I. Solano (2020), Business Math (Second Edition), DIWA Learning

System

3. N. Lopez-Mariano (2016). Business Mathematics, Rex Book Store,

Inc.

Web:

1. https://psu.instructure.com/courses/1806581/pages/chapter-1-advantages-and-

disadvantages-of-credit-cards
 SENIOR
Business Math
0
HIGH
SCHOOL

Module
Solve Problems Involving Interests
and Commissions 3
Quarter 2
Business Math
Quarter 2 – Module 3: Solve Problems Involving Interests and Commissions
First Edition, 2020

Republic Act 8293, section 176 states that: No copyright shall subsist in any work
of the Government of the Philippines. However, prior approval of the government agency or
office wherein the work is created shall be necessary for exploitation of such work for profit.
Such agency or office may, among other things, impose as a condition the payment of
royalties.

Borrowed materials (i.e., songs, stories, poems, pictures, photos, brand names,
trademarks, etc.) included in this module are owned by their respective copyright holders.
Every effort has been exerted to locate and seek permission to use these materials from
their respective copyright owners. The publisher and authors do not represent nor claim
ownership over them.

Published by the Department of Education Division of Pasig City

Development Team of the Module

Writer: Zara Jane D. Astete
Editors: Nenet M. Peñaranda
Reviewers: Carmelita B.. Peralta
Layout Artist: Clifchard D. Valente
Management Team: Ma. Evalou Concepcion A. Agustin
OIC-Schools Division Superintendent
Carolina T. Rivera, Ed. D.
OIC-Assistant Schools Division Superintendent
Victor M. Javeña, Ed. D.
Chief - School Governance and Operations Division
OIC – Chief Curriculum Implementation Division
Education Program Supervisors
1. Librada L. Agon, Ed. D., EPP/TLE
2. Liza A. Alvarez, Science
3. Bernard R. Balitao, Araling Panlipunan
4. Joselito E. Calios, English
5. Norlyn D. Conde, Ed. D., MAPEH
6. Wilma Q. Del Rosario, LRMS
7. Ma. Teresita E. Herrera, Ed. D., Filipino
8. Perlita M. Ignacio, Ph. D., ESP/SPED
9. Dulce O. Santos, Ed. D., Kinder/MTB
10. Teresita P. Tagulao, Ed. D., Mathematics

Printed in the Philippines by Department of Education – Division of Pasig City

Business SENIOR
HIGH

Math
SCHOOL

Module

3
Quarter 2

Solve Problems Involving Interests

and Commissions
Introductory Message

For the facilitator:

Welcome to the Business Math for Senior High School Module on Solve Problems
Involving Interests and Commissions!

This module was collaboratively designed, developed and reviewed by educators

from Schools Division Office of Pasig City headed by its Officer-In-Charge Schools
Division Superintendent, Ma. Evalou Concepcion A. Agustin in partnership with
the Local Government of Pasig through its mayor, Honorable Victor Ma. Regis N.
Sotto.
The writers utilized the standards set by the K to 12 Curriculum using the Most
Essential Learning Competencies (MELC) while overcoming their personal, social,
and economic constraints in schooling.

This learning material hopes to engage the learners into guided and independent
learning activities at their own pace and time. Further, this also aims to help
learners acquire the needed 21st century skills especially the 5 Cs namely:
Communication, Collaboration, Creativity, Critical Thinking and Character while
taking into consideration their needs and circumstances.

In addition to the material in the main text, you will also see this box in the body of
the module:

Notes to the Teacher

This contains helpful tips or strategies
that will help you in guiding the learners.

As a facilitator you are expected to orient the learners on how to use this module.
You also need to keep track of the learners' progress while allowing them to
manage their own learning. Moreover, you are expected to encourage and assist the
learners as they do the tasks included in the module.
For the learner:

Welcome to the Business Math Module on Solve Problems Involving Interests and
Commissions!

The hand is one of the most symbolized part of the human body. It is often used to
depict skill, action and purpose. Through our hands we may learn, create and
accomplish. Hence, the hand in this learning resource signifies that you as a
learner is capable and empowered to successfully achieve the relevant
competencies and skills at your own pace and time. Your academic success lies in
your own hands!

This module was designed to provide you with fun and meaningful opportunities
for guided and independent learning at your own pace and time. You will be
enabled to process the contents of the learning material while being an active
learner.

This module has the following parts and corresponding icons:

Expectation - These are what you will be able to know after

completing the lessons in the module

Pre-test - This will measure your prior knowledge and the

concepts to be mastered throughout the lesson.

Recap - This section will measure what learnings and skills

that you understand from the previous lesson.

Lesson- This section will discuss the topic for this module.

Activities - This is a set of activities you will perform.

Wrap Up- This section summarizes the concepts and

applications of the lessons.
Valuing-this part will check the integration of values in the
learning competency.

Post-test - This will measure how much you have learned from
the entire module.
 EXPECTATION
At the end of the learning module, you are expected to:

1. solve problems involving interests and commissions.

PRETEST

Direction: Write the letter of the correct answer.

1. Noel makes money by commission rates. He gets 12% of

everything he sells. If Noel sold Php 200,000 worth of items this
month, how much is his commission for the month?
a. Php 2,400 c. Php 24,000
b. Php 4,200 d. Php 42,000
2. JC makes Php16,500 a month plus some money by commission
rates. He gets 7.25% of everything he sells. If JC sold
Php75,122.60 worth of items this month, what is his salary for the
month?
a. Php 4,554.39 c. Php 21,054.39
b. Php 5,446.39 d. Php 21,946.39
3. Cyrus receives Php 13,500 as monthly salary. As an agent, his
monthly quota is Php 30,000 worth of cleaning products for which
he gets 4.5% commission on all sales beyond his monthly quota. If
he sold Php 65,420 worth of cleaning products this month, what is
his total salary for this month?
a. Php 1,593.90 c. Php 15,093.90
b. Php 2,943.90 d. Php 16,443.90
4. Michaela borrowed money from Metro City Savings of Php500,000
and is to be repaid in full after 3 years. What is the amount to be
paid if the effective rate of interest is 7.5%?
a. Php 612,148.44 c. Php 614,128.44
b. Php 621,148.44 d. Php 641,128.44
5. Chuckie obtained a 30-year mortgage for Php 3,500,000. If his
monthly payment is Php16,500 , how much is the total interest?
a. Php 2,440,000 c. Php 3,540,000
b. Php 2,940,000 d. Php 5,940,000
 RECAP
Delos Reyes Family was able to buy a house and lot worth
Php 2,500,000 which would be financed through bank. The required
down payment was 20% of the unit price.
1. How much was the down payment paid by the buyer?
a. Php 40,000 c. Php 400,000
b. Php 50,000 d. Php 500,000
2. How much was the gross balance or the amount to be financed
through PAG-IBIG?
a. Php 500,000 c. Php 1,500,000
b. Php 1,000,000 d. Php 2,000,000
3. How much is the current increased balance if the bank charges
an interest rate of 15%?
a. Php 575,000 c. Php 1,725,000
b. Php 1,150,000 d. Php 2,300,000

LESSON

Consider the problem.

Example 1: Alyssa Denise is a sales agent for medical equipment. She
has a monthly commission plan where she receives 5% on the first
sales. She gets 3% on sales above Php 70,000 and 2% of everything
over Php 120,000 is received. If her sales during the month is Php
245,000, compute her commission.
Solution: We compute for the commission as follows:
Php 245,000(0.05) = Php 12,250

To compute her commission on sales above Php70,000

Php 245,000 – Php 70,000 = Php 175,000
Php 175,000(0.03) = Php 5,250

To compute her commission on sales above Php120,000

Php 245,000 – Php 120,000 = Php 125,000
Php 125,000(0.02) = Php 2,500

Total Commission = Php 12,250 + Php 5,250 + Php 2,500

 = Php 20,000
Example 2: Mary Desere is paid a monthly salary of Php 16,000 and
earns a commission of 3.75% in sales. If she sold a total amount of
Php 94,255.50 during the month, how much is her gross?

Solution: Mary Desere’s commission computed as

Php 94,255.50(0.0375) = Php3,534.58
Her gross pay for the month
Php 16,000 + Php 3,534.58 = Php 19,534.58

Example 3: Mr. Abordo, a gadget agent, sold laptops for Php 30,000
and got a Php 600 commission. What was his commission rate?

Solution: To solve for Mr. Abordo’s commission rate,

Commission rate = (commission ÷ amount of purchased x 100%)
= (Php 600 ÷ Php 30,000 x 100%)
= 2%

Example 4: Ace invested his savings at an annual interest rate of 6%,

the amount earned Php 112,000 of simple interest in two years. How
much money was originally invested?

Solution: Ace’s amount of money originally invested is computed as

𝐹𝑢𝑡𝑢𝑟𝑒 𝑉𝑎𝑙𝑢𝑒 𝑃ℎ𝑝112,000

𝑷𝒓𝒊𝒏𝒄𝒊𝒑𝒂𝒍 = = = 𝑷𝒉𝒑𝟏𝟎𝟎, 𝟎𝟎𝟎
1 + (𝑟𝑎𝑡𝑒)(𝑡𝑖𝑚𝑒) 1 + (0.06)(2)

Example 5: Find the maturity value and the compound interest if

Janna borrowed money of Php 56,000 compounded semi-annually at
an interest rate of 2% in 5 years.

Solution: To find the maturity value of Janna’s borrowed money

Given: P = Present Value = Php 56,000
i = nominal rate = 2% = .02
m = frequency of conversion = 2 ( semi-annually)
t = time in years = 5 yrs.
Find: a. Future Value or Maturity Value =?
Formula:
𝑖 𝑚𝑡 𝑖 𝑚𝑡 0.02 2(5)
𝑭 = 𝑃 (1 + ) = 𝑃 (1 + ) = 𝑃ℎ𝑝56,000 (1 + ) = 𝑷𝒉𝒑𝟔𝟏, 𝟖𝟓𝟖. 𝟖𝟒
𝑚 𝑚 2
b. Compound interest
Interest = Future value – Present value
= Php 61,858.84 – Php 56,000
Interest = Php5,858.84
 Example 6: Eunice borrowed Php 1,000,000 for the expansion of her
business. The effective rate of interest is 7%. The loan is to be repaid
in full after 3 years.
a. How much is to be paid after 3 years?
b. How much is the interest?

Solution: a. Amount of money to be paid by Eunice after 3 years = F

Given: P = Present Value = Php 1,000,000
j = rate = 7% = .07
t = time in years = 3 years
Find: F = Future Value = ?

Formula: 𝑭 = 𝑷(𝟏 + 𝒋)𝒕

= Php1,000,000 (1 + 0.07)3
F= Php 1,225,043.00

b. The interest of the borrowed money after 3 years

Interest = Future value – Present value

= Php 1,225,043 – Php 1,000,000
I = Php 225,043.00

Example 7: A person borrowed Php 1,400,000 for the purchase of a

car. If his monthly payment is Php 29,000 on a 5-year mortgage, find
the total amount of interest.

Solution:
Amount of interest = total payment for 5 years – amount
borrowed

Total Payment for 5 years is computed as

= Php29,000 (monthly payment) x 12 months in a year x 5 (year of

mortgage)
= Php1,740,000

Amount of Interest = Php1,740,000 – Php1,400,000

I = Php 340,000
 ACTIVITIES

Solve the following problems:

1. Raffy receives Php 12,000 a month corresponding to a sales of

Php 20,000 worth of goods. Furthermore, he receives an additional
5% commission for all sales beyond his monthly quota but not
greater than Php 40,000. An additional 6% commission is for sales
beyond Php 40,000. If his sales is Php 65,000 for the month, how
much is his salary for the month?
2. Find the maturity value and interest if Jacob invested his money
Php 150,000 at 6% compounded monthly for 8 years.
3. Anya, a real-estate agent, receives a 4% commission of
Php 200,000 for selling a house. What was the price of the house?
4. Tet borrowed Php 150,000 from a bank with 6.5% effective rate of
interest. What is the amount to be paid after 5 years?
5. Sofia obtained a house of 25-year mortgage for Php2,450,000. If
his monthly payment is Php 15,500 , how much is the total
interest?

WRAP UP
1. What are the terms we have to consider in solving
commission? Interest?
2. How do we solve for commission?
3. How do we solve for interest?

VALUING
We should know our priorities in life, earn more money than
you spend. Control your financial situation. Do not borrow money
to purchase unnecessary things.

As a student, why do you think saving and investing money

is important?
 POST-TEST

Direction: Write the letter of the correct answer.

1. Ms. Lejero purchased a house worth Php 4,800,000. If his monthly

payment is Php 25,000 , how much is the total interest if it is
payable for 20 years?
a. Php 120,000 c. Php 1,200,000
b. Php 500,000 d. Php 6,000,000
2. Randy loaned an amount of Php 1,200,000 to be repaid in full
after 5 years. What is the interest if the effective rate is 8%?
a. Php 563,193.69 c. Php 1,563,193.69
b. Php 763,193.69 d. Php 1,763,193.69
3. Kim makes money by commission rates. She gets 7.5% of
everything he sells. If Kim sold Php 160,000 worth of items this
month, how much is her commission for the month?
a. Php 12,000 c. Php 24,000
b. Php 16,000 d. Php 32,000
4. Andrei receives 20% commission on the gadgets she sells. If she
was able to sell a cellphone for Php 8,000, a laptop for Php 22,000,
and a camera for Php 1,800, how much does Andrei make in
commission?
a. Php 6,360 c. Php 6,036
b. Php 6,630 d. Php 6,063
5. Tricia sold her car and invested her Php350,000 at 8%
compounded quarterly. Find the interest if she invests for 3 years.
a. Php 93,884.63 c. Php 443,884.63
b. Php 94,884.63 d. Php 444,884.63

KEY TO CORRECTION
4. b
5. a 3. a
4. b 2. a
3. d
3. c 1. c
2. d
2. d A.
1. d
1. c POSTTEST
A. A.

PRETEST RECAP
 5. Php 2,200,000
4. Php 205,513
3. Php 5,000,000
/ Php 92,121.41
2. Php 242,121.41
1. Php 14,500

Activities

R E F E R E N CE S
Books:

1. Commission on Higher Education (2016). Teaching Guide for Senior

High School Business Mathematics

2. Department of education: Bureau of Learning Resources(2016).

GENERAL MATHEMATICS LEARNER’S MATERIAL.

3. I. Solano (2020), Business Math (Second Edition), DIWA Learning

System

4. N. Lopez-Mariano (2016). Business Mathematics, Rex Book Store,

Inc.

Web:

1. https://www.makingsenseofcents.com/2018/05/29-money-and-

life-lessons.html