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Gen Math 2nd Qe
Gen Math 2nd Qe
Gen Math 2nd Qe
GENERAL MATHEMATICS
SECOND QUARTERLY EXAMINATION
2. How much will a ₱24 000-investment be after 8 years and 7 months if the rate of return is 15%
per year?
3. How much interest is earned on an investment worth ₱120 000 after 4 years if it is to receive 9%
interest compounded semiannually?
4. Mary will get a loan of ₱100 000 from a bank that offers 12% interest rate compounded annually.
How much will be her payment if the loan should be paid after 2 years?
5. Hanna computed that with a regular deposit of ₱7 000 at the end of every month to a bank which
gives an interest of 0.75% compounded monthly for 5 years will accumulate a total of ₱427 838.16.
Is her computation correct?
6. Gary deposits ₱9 100 every beginning of the month to buy a newer model of his favorite
motorcycle brand which will be arriving in 2 years’ time. If his fund is compounded monthly at 2.1%,
will he be able to buy the motorcycle, which costs ₱250 000?