Rodriguez, Nico S - Module 10 - Assignments-Activities
Rodriguez, Nico S - Module 10 - Assignments-Activities
Rodriguez, Nico S - Module 10 - Assignments-Activities
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
—1 —
NEW ERA UNIVERSITY
FAAP ASCU-AAI Level III Reaccredited
No.9 Central Ave. New Era, Quezon City
ACTIVITY 2
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Total amount to be withdrawn after two years =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
Formula: F = P + I
I=F–P
Solution:
(2800)/10, 000. 00
—3 —
NEW ERA UNIVERSITY
FAAP ASCU-AAI Level III Reaccredited
No.9 Central Ave. New Era, Quezon City
ACTIVITY 4
Principal (P) =?
Solution:
F=P+Prt
—4 —
NEW ERA UNIVERSITY
FAAP ASCU-AAI Level III Reaccredited
No.9 Central Ave. New Era, Quezon City
LESSON 2B ACTIVITY 1
P = P10, 0000.00
r = 6%
m=1
t = 3 years
Solution:
10, 000(1+0.06/1)*3
10, 000(1.06)*
—5 —
NEW ERA UNIVERSITY
FAAP ASCU-AAI Level III Reaccredited
No.9 Central Ave. New Era, Quezon City
ACTIVITY 2
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)
MONTHLY:
45, 000.00 (1+0.04/12) * 12(15)
45, 000.00 (4,33) * 60
45, 000.00 (1.5462)
—6 —
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