GENERAL MATHEMATICS

REN SALEM G. YAP

GRADE 11 STEM (YAKAL)

MODULE 2

WHAT I KNOW ASSESSMENT

1.A 6.A 11.B 1.A 6.A 11.B

2.B 7.C 12.B 2.B 7.D 12.B

3.B 8.A 13.C 3.A 8.A 13.B

4.C 9.C 14.A 4.C 9.C 14.A

5.C 10.D 15.D 5.A 10.A 15.D

WHAT I CAN DO

PRINCIPAL TIME (YEARS) RATE INTEREST AMOUNT

₱50,000 3 1.10% 550 ₱50,550
₱50,000 5 1.25% 625 ₱50,625
₱50,000 8 1.75% 875 ₱50,875

We need also to consider the duration of the investment.

POSIBLE QUESTION

 How long do you want to invest this amount of money?

 What is your daily income?
 Do you want to increase your investment?
 Who will be your beneficiary?

DISADVANTAGES

 At the first term there is lesser rate compared to the two terms.
 The second term has greater rate but longer time to gain such interest compared to the first term
 The third term has the greatest rate but have the longest time to gain interest compared to the two terms.

ADVICE

 I will advise them to use the first term because it gain interest faster than the two terms. When you use a constant
duration of time in each term, the first one doubles the interest quickly compared to the two terms that have greater
rate but longer time.
WHAT I CAN DO

Loan Maturity Value Monthly

Amount Payment
t=1 t=2 t=3 t=4 t=5
₱10,000 ₱10,500 ₱11,025 ₱11,576.25 ₱12,155.0625 ₱12,762.8156 ₱212.713593
₱20,000 ₱21,000 ₱22,050 ₱23,152.5 ₱24,310.125 ₱25,525.6313 ₱425.427188
₱30,000 ₱31,500 ₱33,075 ₱34,728.75 ₱36,465.1875 ₱38,288.4469 ₱638.140782
₱40,000 ₱42,000 ₱44,100 ₱46,305 ₱48,620.25 ₱51,051.2625 ₱850.854375
₱50,000 ₱52,500 ₱55,125 ₱57,881.25 ₱60,775.3125 ₱63,814.0781 ₱1,063.56797
₱100,000 ₱105,000 ₱110,250 ₱115,762.5 ₱121,550.625 ₱127,628.156 ₱2,127.13593
₱150,000 ₱157,500 ₱165,375 ₱173,643.75 ₱182,325.938 ₱191,442.235 ₱3,190.70392
₱200,000 ₱210,000 ₱220,500 ₱231,525 ₱243,101.25 ₱255,256.313 ₱4,254.27188
₱250,000 ₱262,500 ₱275,625 ₱289,406.25 ₱303,876.563 ₱319,070.391 ₱5,317.839885

Loan Application Form

Name: Ren Salem G. Yap

Age: 27 years old Date of Birth: November 7, 1994

Occupation: Budget Administrator

Monthly Income: ₱45,000

Sources of Fund: Grocery store (Business)

Loan Amount: ₱250,000

Other Sources of Fund: NONE

Monthly Payment of Loan: ₱5,317.839885

Please answer the following truthfully:

1. Do you have existing loans from other Banks? NONE

2. What is the purpose of the loan? For Construction of my House
3. Can your salary cover the monthly payment of the loan? Ifd not do you have other
resources to pay the monthly payment? YES