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Mathematics of Investment Simple Interest Activity 1 INSTRUCTION: Answer The Following Problem and Show Your Solution. Problem 1
Mathematics of Investment Simple Interest Activity 1 INSTRUCTION: Answer The Following Problem and Show Your Solution. Problem 1
SIMPLE INTEREST
ACTIVITY 1
INSTRUCTION: Answer the following problem and show your solution.
Problem 1
Find the compound amount and interest
Problem 2
If 20,600 is invested in 4 1/2 years at 12% compounded monthly, find the present value
Problem 3
Accumulate 10,200 for 6 years and 10 months at 8% compounded quarterly.
Problem 4
Discount 15,400 for 4 years and 3 months at 12% compounded semi-annually.
Problem 5
At what nominal rate compounded semi-annually will 18,000 amount to 25,000 in 5 years?
Problem 6
How long will it take for 8,000 to accumulate 9,500 at 12% compounded semi-annually?