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Midterm Learning Activity 1
Midterm Learning Activity 1
Pega
Section : F11A
SIMPLE INTEREST
`.How much interest will Mary earn in her investment of S Php 12.400 at 6% simple
interest for for 3 years
SOLUTION :
I = Prt
I = php 2,232.00
Sophia borrowed Php 25,000 from a lending corporation that charges 12% interest with
an agreement to pay the principal and the interest at the end of the term. If she paid Php
35,500 at the end of the term, for how long did she use the money.
SOLUTION :
t = I / Pr
t = 8.3333 years
t = 25000 / ( 25000 × 0.12 ) = 8.3333
t = 8.3 years
lan wishes to have Php 36,500 after 1 year and 3 months to be used for their educational
tour. How much should he invest in his account today if the interest rate is 5 1/2%?
SOLUTION :
F=P(1+r t)
36,500 = P(1+ (0.0505)(1.4)
P = 34251.39586168
Mrs. Santiago plans to purchase a new loptop for her daughter by getting a loan of Php
51,000 from a bank that charges 11 3/4 % interest rate. How much will she pay the bank
after 169 days using exact interest?
SOLUTION :
I = Prt
I = 51000 × 0.1175 × 0.463014 = 2774.611395
I = php 2,774.61
Lorie borrowed Php 23,000 from XYZ Cooperative that charges 7% interest rate for 298
days. How much interest will Lorie pay?
SOLUTION :
I = Prt
I = 23000 × 0.07 × 0.816438 = 1314.46518
I = php 1,314.47
COMPOUND INTEREST
SOLUTION :
F = P(1+i)^n
F=14,000(1+0.0157142857)^22
F-19.728.87727632
Ana borrowed Php 11,300 from Amy at 15% compounded monthly for 18 months. How
much will Amy receive at the end of the term?
SOLUTION :
3. F=P(1+i/m)
4. F=11,300(1+0.00833333/11)
5. F=11308.56
How much will be invested to accumulate Php 87,000 at the end of 6 years if money
earns 9% interest rate, compounded quarterly?
SOLUTION :
Justine invested Php 50,000 for 2 years. At what rate of interest converted monthly did
his money earn if he received Php 61,000 at the end of the term?
SOLUTION :