MATH IN THE MODERN WORLD MMW03

Professor: Ms. Haidee M. Valin

Name: ____________________________ Rating: ______________

Section: ___________________ Date: _______________

I. EXAMINATION TYPE: Written

II. DESCRIPTION: Problem Solving TYPE
III. Tasks:
INSTRUCTION: Kindly read and analyze the given mathematical problems
carefully. Copy the problem and provide a complete solution using Polyas’ method
on your answer sheet.

Simple Interest:
1. Divine borrowed Php834, 000.00 at the rate of 7.2% for 735 days. Find the simple
ordinary interest and amount she paid. (10 pts)
2. A total of PHP 701,200 is invested at a simple interest rate of 6.2% for 4 months.
How much interest is earned on this investment? (10 pts)

Compound Interest:
3. A mother invested P500, 000.00 in a mutual fund on the 2nd birthday of her son. If
the money is worth 5.5% compounded quarterly, how much will the son receive
on his 21st birthday? (10 pts)
4. How much money would you need to deposit today at 9% annual interest
compounded monthly to have $12000 in the account after 6 years? (10 pts)

"Success is the sum of small efforts, repeated." — R

Collier

Ms. Haidee M. Valin

Faculty