Scribd Logo
Upload

Welcome to Scribd!

  • 230 views

    05 Activity 1

    Uploaded by

    ej lumanta
    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.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    05 Activity 1

    Uploaded by

    ej lumanta
    230 views2 pages
    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.

    Original Title

    05_Activity_1

    Copyright

    © © All Rights Reserved

    Available Formats

    DOCX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    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.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    230 views2 pages

    05 Activity 1

    Uploaded by

    ej lumanta
    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.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

    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


    Page 1 of 1

    You might also like