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    Midterm2nd Ass Quiz G3

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    Jarwin Aburan
    This document contains a midterm assignment and quiz for Group 3 in mathematics. It includes 4 quiz problems testing concepts in compound interest, with students required to show their work. It also includes 4 assignment problems on simple interest, asking students to calculate principal, interest earned, and time taken to earn interest. The problems cover a range of financial calculations including present and future value, interest rates, and time periods. Students must fully solve each problem and show the steps and formulas used.

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    Midterm2nd Ass Quiz G3

    Uploaded by

    Jarwin Aburan
    123 views3 pages
    This document contains a midterm assignment and quiz for Group 3 in mathematics. It includes 4 quiz problems testing concepts in compound interest, with students required to show their work. It also includes 4 assignment problems on simple interest, asking students to calculate principal, interest earned, and time taken to earn interest. The problems cover a range of financial calculations including present and future value, interest rates, and time periods. Students must fully solve each problem and show the steps and formulas used.

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    Midterm2nd-ass-quiz-G3

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    This document contains a midterm assignment and quiz for Group 3 in mathematics. It includes 4 quiz problems testing concepts in compound interest, with students required to show their work. It also includes 4 assignment problems on simple interest, asking students to calculate principal, interest earned, and time taken to earn interest. The problems cover a range of financial calculations including present and future value, interest rates, and time periods. Students must fully solve each problem and show the steps and formulas used.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    123 views3 pages

    Midterm2nd Ass Quiz G3

    Uploaded by

    Jarwin Aburan
    This document contains a midterm assignment and quiz for Group 3 in mathematics. It includes 4 quiz problems testing concepts in compound interest, with students required to show their work. It also includes 4 assignment problems on simple interest, asking students to calculate principal, interest earned, and time taken to earn interest. The problems cover a range of financial calculations including present and future value, interest rates, and time periods. Students must fully solve each problem and show the steps and formulas used.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 3

    MATHEMATICS IN THE MODERN WORLD 9/20/2021

    MIDTERM SECOND ASSIGNMENT & QUIZ


    GROUP 3
    GROUP MEMBERS: CN: 2003
    Aburan, Jarwin
    Dator, Nigel James
    Esquierda, Angel Rose
    Dela Cruz, Kim Harizon

    QUIZ.

    SOLVE THE FOLLOWING PROBLEMS COMPLETELY.


    SHOW ALL YOUR SOLUTIONS:
    1. What is the present value of 65,000 at 11% compound annually for 4 years?
    Given:
    P = 65,000
    j = 11%
    m=1
    t = 4 years
    Solution:
    11
    i= =.011 n = 1(4) = 4
    1

    F = P (1 + i)n
    F = 65,000 (1.11)4
    Answer = ₱ 98,647.58 pesos
    2. Ryza borrow P150,000. At what rate compound bi-monthly will her interest be if she agree to pay
    P10,000 more at the end of 2years?
    Given:
    P = P150,000
    F = P10,000
    m = 12
    t=2
    n = 24
    Solution:

    j=12¿ -1

    Answer = 3.263% per year

    3. If money is worth 6% compound bi-monthly, find the principal of P125,700 for 2 years?
    Given:
    P = 125,700
    T=2
    R = 0.06
    Solution:
    = 125,700 (1+0.06/6)2x6
    = 125, 700 (1.01)12
    Answer: = ₱ 141,641.91

    4. Accumulate P95,000 for 7 years at 11.5% compound annually?


    Given:
    P = 95,000
    t = 7 years
    j = 11.5%
    m=1
    Solution:
    11.5
    i= =11.5 n = 1(7) = 7
    1
    F = P (1 + i)n
    F = 95,000 (12.5)7
    Answer = ₱ 45,299

    ASSIGNMENT.
    SOLVE THE FOLLOWING PROBLEMS COMPLETELY.
    SHOW ALL YOUR SOLUTIONS:

    1. How much was borrowed if a simple interest rate of 2.10% was offered payable in 4 months with
    interest of P35.00?
    Solution/Formula: P = i/rt
    = ₱ 35/(0.021)(4/12)
    = ₱ 35/0.007
    = ₱ 5,000

    2. The loan of P1350 is to be repaid in 1 year at 4.5% simple interest.How much is added to the loan?
    Solution/Formula: Prt
    = ₱ 1,350 x .045 x 1
    = ₱ 60.75
    3. What is the maturity value of a loan of P64,000 earning an interest of P12,733?
    Solution/Formula: FV = Principal + Interest
    = ₱ 64,000 + ₱ 12,733
    = ₱ 76,733
    4. How long will it take for P21,000 at 9% simple interest to earn P5600?
    Solution/Formula: t = i/Pr
    = ₱ 5,600/ ₱21,000 x .09
    = 2.96 %

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