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05 Activity 1

This document contains a student's answers to math problems involving simple interest calculations. The student correctly calculated: 1) The interest charged on ₱7,300 borrowed for 3 years at 12% annual interest to be ₱2,628. 2) The principal amount of ₱3,333.33 that would need to be deposited for 9 months to earn ₱225 interest at a 9% annual rate. 3) That ₱3,000 would take 15 years to accumulate to ₱5,000 at a 4% discount rate. The student also correctly calculated the actual and approximate time periods between two dates.

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575 views2 pages

05 Activity 1

This document contains a student's answers to math problems involving simple interest calculations. The student correctly calculated: 1) The interest charged on ₱7,300 borrowed for 3 years at 12% annual interest to be ₱2,628. 2) The principal amount of ₱3,333.33 that would need to be deposited for 9 months to earn ₱225 interest at a 9% annual rate. 3) That ₱3,000 would take 15 years to accumulate to ₱5,000 at a 4% discount rate. The student also correctly calculated the actual and approximate time periods between two dates.

Uploaded by

ej lumanta
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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GE1707

Name: Elisha Juliane L. Jandoc Section: BSHM 1103


Score: Date: 01/20/23

Directions: Solve the following. Avoid any form of erasures. (25 points)

1. How much interest will be charged on ₱7,300 borrowed for three (3) years at a simple interest
rate of 12% per annum? (5 points)

P= ₱ 7,300
R= 12% or 0.12
T= 3 years

I = Prt ₱ 7,300 x 0.12 F= P+I


= (₱7,300)(0.12)(3) = 876 per annum = ₱ 7,300 + ₱ 2,628
F= ₱ 9,928
I = ₱ 2,628

2. If a nine-month term deposit at a bank earns a simple interest rate of 9% per annum, how much
should be deposited to earn ₱225 of interest? (5 points)

I = ₱ 224 R = 9% OR O.O9 T = 9 months or 3


4
I
P=
RT ₱ 3,333.33 x 0.09
= 299.99 per annum
₱ 225
¿
()
( 0.09 )
3
4
P = ₱ 3,333.33

3. How long will ₱3,000 accumulate to ₱5,000 if the discount rate is 4%? (5 points)

P= ₱ 5,000
I = ₱ 3,000 I
R= 4% or 0.04
T= F=P+I
PR
₱ 3,000 = ₱ 5,000 + ₱ 3,000
¿
( ₱ 5,000)(0.04 )
F = ₱ 8,000

T = 15 years
4. Find the actual and approximate time from November 18, 2015 to May 9, 2016. (2 items x 5
points)

Actual time Approximate time


NOVEMBER 18, 2015 30 – 18 = 12 30 – 18 = 12
DECEMBER 31 30
JANUARY 31 30
FEBRUARY 28 30 Rubrics for
scoring:
MARCH 31 30
APRIL 30 30
MAY 19, 2016 31 – 9 = 22 30 – 9 = 21
TOTAL: 186 182
Criteria Points
Complete solution with correct answer 5
Last two (2) major steps of the solution are incorrect 4
Half of the solution is correct 3
First two (2) major steps of the solution are correct 2
First major step of the solution is correct 1

05 Activity 1 *Property of STI


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