2018 MTAP Session 4 g11

2018 MTAP-DepEd Program of Excellence in Mathematics Grade 11 Session 4
I. Simple interest problem. Complete the table by finding the unknown. Note that r is annually.
P(Principal) r(rate) t(time) I(interest) P(Principal) r(rate) t(time) I(interest)
P5000 5% 5 years P3000 6% P720
P20000 3% 2 years P2000 1% P420
P2000 3 years P150 P3500 10% P175
P4000 4 years P320 3% 5 years P150
P10000 9 months P225 16% 1 month P32
II. Compound interest problem. Complete the table by finding the unknown. Note that r is annually.
P(Principal) r(rate) t(time) I(interest) P(Principal) r(rate) t(time) I(interest)

P5000 5% 5 years P3000 6% P720
P20000 3% 2 years P2000 1% P420
P2000 3 years P150 P3500 10% P175
P4000 4 years P320 3% 5 years P150
P10000 9 months P225 16% 1 month P32
III. Compound interest problem. Complete the table by finding the unknown. Note that r is the rate
compounded n times per year.
P(Principal) r(rate) t(time) I(interest) n(frequency Maturity

per year) Value
P 3000 2% 3 years semiannually 2
P 15000 8% P 2574.89 quarterly
P 4000 1.5 years P 375.72 monthly
5.2% 1 year P 400.11 weekly
P 10000 3.6% 1 year daily 360
IV. Continuous compound. Find the maturity value of the following continuous compound problem
given the rate, time and the principal amount.
1. P = P 20000, r = 2%, t = 2 years 3. P = P 7500, r = 2.6 %, t = 3 years

2. P = P 10000, r = 323%,t = 6 months 4. P = P 15000, r = 1.8%, t = 1.5 years
V. Annuity.
A. Complete the table by finding the unknown given that each payment/deposit is given by the end of
each period.
Payment Rate Time Frequency Future Value

P 3000 3% 2 years quarterly
P 100 1.8 % 20 years monthly
P1 1% 50 years weekly
P 25000 2% 10 years semi annually
P 25000 2% 10 years monthly
P 25000 2% 10 years weekly
B. Complete the table by finding the unknown given that each payment/deposit is given by the start
of each period.
Payment Rate Time Frequency Future Value

P 100 1.8 % 20 years monthly
P1 1% 50 years weekly
P 25000 2% 10 years semi annually
P 25000 2% 10 years monthly
P 25000 2% 10 years weekly
VI. Solve each of the following problem.

1. You were given by your grandmother P 1000 and you decided to deposit it in the bank.
Which bank would give most money after 3 years?
A. Simple bank: with simple annual interest rate of 2%
B. Annual compound bank: with compounding annual interest rate of 1.9%
C. Semiannual compound bank: with compounding semiannual interest rate of 1.8%
D. Quarterly compound bank: with compounding quarter interest rate of 1.7%
E. Monthly compound bank: with compounding annual interest rate of 1.6%
F. Weekly compound bank: with compounding annual interest rate of 1.5%
2. Your dream is to buy a car worth P10,000,000 after you graduated college so that is
approximately 5 years from now.
A. How much should you deposit if you plan to deposit monthly to a bank with 2% monthly
interest?
B. How much should you deposit if you plan to deposit annually to a bank with 2% annual
interest?
C. How much should you deposit if you plan to deposit monthly to a bank with 2% annual
interest?
D. How much should you deposit if you plan to deposit annually to a bank with 2% monthly
interest?
3. Fill in the blank
A. 3% annual compound interest = ___ semiannual compound interest
B. 3% annual compound interest = ___ quarter compound interest
C. 3% annual compound interest = ___ monthly compound interest
D. 3% annual compound interest = ___ weekly compound interest
E. 3% annual compound interest = ___ continuous compound interest
VII. Challenge
1. What will be the future value if you decide to deposit P1000 monthly then deposit an
additional of P4000 annually for 5 years to a
A. bank with annual compound interest rate of 2%?
B. bank with monthly compound interest rate of 2%?
C. bank with continuous compound interest rate of 2%?
2. How much should you deposit at a bank with monthly interest rate of 1.5% so that you can
withdraw P200 for every start of the month for 5 years?
3. The double money challenge: You will deposit P1000 this month, then you will deposit
P2000 next month, then P4000 the month after that and so on and so forth. Now if you do
this to a bank with 1.8% monthly interest for 6 months. How much money will you have
after a year? (Assuming that you deposit money every start of the month)
PREPARED BY: RYAN S. ESTOLATAN, Kapitolyo High School

2018 MTAP Session 4 g11

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2018 MTAP-DepEd Program of Excellence in Mathematics Grade 11 Session 4

P(Principal) r(rate) t(time) I(interest) P(Principal) r(rate) t(time) I(interest)

P(Principal) r(rate) t(time) I(interest) n(frequency Maturity

1. P = P 20000, r = 2%, t = 2 years 3. P = P 7500, r = 2.6 %, t = 3 years

Payment Rate Time Frequency Future Value

Payment Rate Time Frequency Future Value

VI. Solve each of the following problem.

PREPARED BY: RYAN S. ESTOLATAN, Kapitolyo High School

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