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    Rodriguez, Nico S - Module 10 - Assignments-Activities

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    nico rodriguez
    The document contains examples of calculating simple and compound interest on various financial transactions over different time periods. In the first example, a friend borrowed P10,000 and the interest charged depends on when the amount is returned - 1% after 1 month, 3% after 6 months, or 5% after 1 year. The second example calculates a 5% annual interest earned on P50,000 deposited in a bank for 2 years. The third example shows a P10,000 loan with a final payment of P12,800, determining the interest rate to be 28%. The last example calculates the principal amount of a P180,000 loan paid back after 3 years at 10% annual interest.

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    Rodriguez, Nico S - Module 10 - Assignments-Activities

    Uploaded by

    nico rodriguez
    139 views6 pages
    The document contains examples of calculating simple and compound interest on various financial transactions over different time periods. In the first example, a friend borrowed P10,000 and the interest charged depends on when the amount is returned - 1% after 1 month, 3% after 6 months, or 5% after 1 year. The second example calculates a 5% annual interest earned on P50,000 deposited in a bank for 2 years. The third example shows a P10,000 loan with a final payment of P12,800, determining the interest rate to be 28%. The last example calculates the principal amount of a P180,000 loan paid back after 3 years at 10% annual interest.

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    Module 10

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    Rodriguez, Nico S_Module 10_Assignments-Activities

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    The document contains examples of calculating simple and compound interest on various financial transactions over different time periods. In the first example, a friend borrowed P10,000 and the interest charged depends on when the amount is returned - 1% after 1 month, 3% after 6 months, or 5% after 1 year. The second example calculates a 5% annual interest earned on P50,000 deposited in a bank for 2 years. The third example shows a P10,000 loan with a final payment of P12,800, determining the interest rate to be 28%. The last example calculates the principal amount of a P180,000 loan paid back after 3 years at 10% annual interest.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    139 views6 pages

    Rodriguez, Nico S - Module 10 - Assignments-Activities

    Uploaded by

    nico rodriguez
    The document contains examples of calculating simple and compound interest on various financial transactions over different time periods. In the first example, a friend borrowed P10,000 and the interest charged depends on when the amount is returned - 1% after 1 month, 3% after 6 months, or 5% after 1 year. The second example calculates a 5% annual interest earned on P50,000 deposited in a bank for 2 years. The third example shows a P10,000 loan with a final payment of P12,800, determining the interest rate to be 28%. The last example calculates the principal amount of a P180,000 loan paid back after 3 years at 10% annual interest.

    Copyright:

    © All Rights Reserved
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    of 6

    NEW ERA UNIVERSITY

    FAAP ASCU-AAI Level III Reaccredited


    No.9 Central Ave. New Era, Quezon City

    1CED-D Group 4 COLLAB


    LESSON 2A ACTIVITY 1

    A very good friend borrowed money from you. You lent her P10, 000 with the
    following conditions on charging one-time interest on the full amount.
    ❖ 1% if she returns the money after a month
    ❖ 3% if she returns it after 6 months
    ❖ 5% if she returns it after 1 year

    How much interest can you collect if your good friends pay you after two
    months? After two years?

    P = P10,000

    R = 2% and 10 P = P10,000.00

    Solve I = P x r r = 5% or 0.05

    = P10,000x1x2 t = 2 years

    = P10,000x1x2 I=Pxrxt

    =200 = P10,000.00 x .05x2 or (P10,000.00 x 5% x 2)


    =1,000.00
    P10,000.00 + P200.00 F=P+I

    After 2 Months= P10,200.00 = P10,000.00 + P1,000.00


    After 2 years = P11,000.00

    —1 —
    NEW ERA UNIVERSITY
    FAAP ASCU-AAI Level III Reaccredited
    No.9 Central Ave. New Era, Quezon City

    ACTIVITY 2

    A Bank is offering 5% simple interest per annum


    on a savings account. If an amount of Php 50,
    000 is deposited, how much is the interest two
    years? What is the total amount to be withdrawn
    after two years?

    P = P50, 000. 00
    t = 2 years
    r = 5% interest rate

    Solution:
    I=Pxrxt
    = P5, 000. 00 x .05/month x 2 years or (P50, 000. 00 x 5% x 2)
    Interest in two years = P5, 000. 00

    F=P+I
    = P50, 000. 00 + P5, 000. 00
    Total amount to be withdrawn after two years =
    P55, 000. 00

    —2 —
    NEW ERA UNIVERSITY
    FAAP ASCU-AAI Level III Reaccredited
    No.9 Central Ave. New Era, Quezon City

    ACTIVITY 3

    Mrs. Santillan borrowed an amount


    of Php 10, 000. 00 and paid back to
    the investor with a final amount of
    Php 12, 800. 00

    Principal = P10, 000. 00


    Final amount = P12, 800. 00

    Formula: F = P + I
    I=F–P

    Solution:

    P12, 800. 00 – P10, 000. 00

    The interest = P2, 800. 00

    (2800)/10, 000. 00

    Rate of interest = 28%

    —3 —
    NEW ERA UNIVERSITY
    FAAP ASCU-AAI Level III Reaccredited
    No.9 Central Ave. New Era, Quezon City

    ACTIVITY 4

    Ms. DJ borrowed a certain amount of money from a


    loan company to make a house improvement and to
    be paid after three years at 10% rate per annum. If she
    paid a sum of Php 180, 000. 00 how much was the
    amount of borrowed principal?

    Principal (P) =?

    Final amount (F) = P180, 000. 00


    Rate (r) = 10% per annum.
    Time (t) = 3 years

    Solution:
    F=P+Prt

    F/(1+rt) = P(1+rt) = CANCEL (1+rt)


    F/(1+rt) = P

    P = 180, 000. 00/1+.01x3

    = 180, 000. 00/1.3

    The amount of borrowed principal = Php 138, 461. 53

    —4 —
    NEW ERA UNIVERSITY
    FAAP ASCU-AAI Level III Reaccredited
    No.9 Central Ave. New Era, Quezon City

    LESSON 2B ACTIVITY 1

    Cheeseka got a P10, 000.00 loan from a


    bank with an interest rate 6%
    compounded annually for three years.

    P = P10, 0000.00

    r = 6%

    m=1

    t = 3 years

    Solution:

    10, 000(1+0.06/1)*3
    10, 000(1.06)*

    Interest: Php 1, 910.16

    After three years: Php 11, 910. 16

    —5 —
    NEW ERA UNIVERSITY
    FAAP ASCU-AAI Level III Reaccredited
    No.9 Central Ave. New Era, Quezon City

    ACTIVITY 2

    Mitche plans to deposit his Php 450, 000 in any


    of his selected accounts that earns 4% interest.
    How much money is in the account after five
    years compounded; a. semi-annually b. quarterly
    c. monthly?

    Semi-annually QUARTERLY:
    65, 000.00 (1+0.04) * 2(5) 450, 000.00 (1+0.04/4) * 4 (5)
    45, 000.00 (1.01*2) 10 450, 000.00 (1.01) * 20
    45, 000.00 ( 1.2190) 450, 000.00 (1.2202)

    Answer: P548, 550.00 Answer: P549, 090.00

    MONTHLY:
    45, 000.00 (1+0.04/12) * 12(15)
    45, 000.00 (4,33) * 60
    45, 000.00 (1.5462)

    Answer: P695, 790.00

    Submitted by: RODRIGUEZ, NICO S. 1CED-D


    Submitted to: PROF. DANILO B. DE GUZMAN

    —6 —

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