HOLY ANGEL UNIVERSITY

BASIC EDUCATION DEPARTMENT

SENIOR HIGH SCHOOL

MIND YOUR OWN BUSINESS

(MINI TASK IN GENERAL MATHEMATICS)

N A M E S Razon, Neil Darren P. D A T E October 12, 2022

Santos, Micah Marie M. T E A C H E R Lories Pingul
Santos, Lexander Aeron R. S E C T I O N 11 - Raphael

GENERAL INSTRUCTIONS: OBJECTIVES:

 Create your own story in 1 (one) paragraph which consists
of 5 – 10 sentences that applies the concept of Simple
Interest and Compound Interest.
 Make 2 (two) different offers corresponding to the 2 (two)
concepts mentioned above.
 The offers should vary in their principal, rate, and time but
closer to each other’s future value. Show your complete
solution for each of them.
 Create your own conclusion by evaluating which offer is the
most practical to choose considering the given and the
character in the story. Justify.
 to distinguish the concepts of Simple Interest and
Compound Interest by illustrating them in a short story.
 to make different computations as a distinction of the
concepts mentioned above.
 to solve for the two different offers using their distinct
formula.
 to evaluate the two computations made based on its
practicality.
 to create a conclusion of which among the concepts/offers is
the most practical.

S H O R T S T O R Y

Anna receives a ₱3,000 gift from her grandmother on her birthday, she puts the money that she receives into a traditional savings
account with simple interest at an annual interest rate of 5% and she wants to know what will happen if she leaves the money there
for two years without touching or adding to it. If Anna makes an initial deposit of ₱2,000 into an account that compounds interest
monthly, how much interest will she get after 5 years?

O F F E R S O F T H E B A N K

OFFER 1 (SIMPLE INTEREST) OFFER 2 (COMPOUND INTEREST)

Given: P= ₱3,000 Given:

R= 5% or 0.05

T= 2

Formula: Formula:

FV = P(1+RT)

Solution: Solution:

FV = 3,000(1+(0.05)(2))

FV = ₱3,300

Future Value: Future Value:

FV = ₱3,300

C O N C L U S I O N
 M I N I T A S K E V A L U A T I O N S H E E T ( 5 0 P O I N T S )
EXCELLENT GOOD FAIR POOR
CRITERIA 4 3 2 1 RATING

Coherence and The story has a The story has a The story is either The story neither
Cohesion of the short systematic and logical systematic and logical systematic but not shows logical nor
story connection and has been connection with each logical or logical but not systematic connection
(5%) written perfectly. and every sentences. systematic. in its construction.
The offers made are The offers made are The offers made are The offers made are
realistic based on the realistic and has closer somehow exaggerated seriously exaggerated
Realistic Offers
real-life bank offers and future value with each and future values are a and not applicable in
(10%)
the future values are other. bit far with each other. the real life situations.
close with each other.
Accuracy of the All the offers are solved All of the offers are One of the offers is Two or all of the offers
computations for each correctly and shows a solved correctly. incorrectly solved. is solved incorrectly.
offer neat complete step-by-
(20%) step solution.
The conclusion is relevant The conclusion shows The conclusion is The conclusion has
to the status of the relevance to the somehow vague with completely nothing to
Relevance of the
character in the story and character on the story regards to the do with the need of the
Conclusion
relate it to the real-life based on the character illustrated in character in the story.
(10%)
applications of the said computations. the story.
concepts.
The output is delivered The output is well-
The output is clean, The output is untidy
Neatness of work with good layout, written and easy to
well-organized, and and difficult to
(5%) organized, and legible read, but it is
simple to read. understand.
manner. disorganized.

TOTAL

N A M E R O L E / C O N T R I B U T I O N

Member 1: Razon, Neil Darren P. Answered the compound interest

Member 2: Santos, Micah Marie M. Made the problem and gave a conclusion

Member 3: Santos, Lexander Aeron R. Answered the simple interest

Signature over the printed name of Leader