M4 - Check-in Activity

1) Mr. Ang’s money became Php165,000 @ the end of 10 months. If the

bank pays 12% annually, how much was his money @ the start?

Equation:
I= Prt
P=Php165,000
t = 10 mnths
r= 12 % per year

t = 10/12= 0.833333 years

r = 12%/100 = 0.12

I = (165,000)(0.12) (0.833333)= 16499.9934

I = Php16,499.99
165,000 - 16,500 = 148,500 if 10 months
150,000 = if 12 mnths
Mr. Ang`s money was 150,000 at the start.
2)  Mr. So borrowed Php200,000 from a cooperative that charges 15%
yearly. He used the loan to start his food stand business. How much
will he pay for the loan after 18 months?

I= Prt
P=Php200,000
t = 18 mnths
r= 15% per year

t = 18/12= 1.5 years

r = 15%/100 = 0.15

I = (20,000)(0.15) (1.5)= 45,000

I = Php45,000
200,000 + 45,000 = 245,000
Mr. So will pay a total 245,000 after 18mnths.