Ci PT 4
Ci PT 4
Ci PT 4
Test II: Directions: Solve for the following. Show your complete solutions.
6. Accumulate Php 80000 at 16% compounded annually for 9 years and 9 months.
7. At what rate compounded monthly will Php 9750 accumulate to Php 12300 in two years?
8. Find the present value of Php 50000 due at the end of 7 years, if interest is computed at 15%
compounded semi-annually?
9. What is the difference in the amount of money in the bank after five years if $2500 is
invested at 3.2% interest compounded annually or at 2.9% interest compounded annually?
10.Ronna was listening to her parents talking about what a good deal compounded interest
was for a retirement account. She wondered how much money she would have if she
invested $2000 at age 20 at 2.8% annual interest compounded quarterly (four times each
year) and left it until she reached age 65. Determine what the value of the $2000 would
become.
PERFORMANCE TASK #4
Name: Section: Date:
Test I: Direction: Complete the table below by computing the unknown component of the compound interest.
No. P r t m n C F
1. 12500 4% 4yrs Annually 4
2. 23400 6.5% Semi- 29271.59
annually
3. 137450 5yrs Quarterly 20 22154.76
4. 7% Monthly 12000
5. 800 6% 4.25yrs monthly 2000
Test I: Directions: Solve for the following. Show your complete solutions.
1. Accumulate Php 80000 at 16% compounded annually for 9 years and 9 months.
2. At what rate compounded monthly will Php 9750 accumulate to Php 12300 in two years?
3. Find the present value of Php 50,000 due at the end of 7 years, if interest is computed at 15%
compounded semi-annually?
4. What is the difference in the amount of money in the bank after five years if $2500 is
invested at 3.2% interest compounded annually or at 2.9% interest compounded annually?
5. Ronna was listening to her parents talking about what a good deal compounded interest
was for a retirement account. She wondered how much money she would have if she
invested $2000 at age 20 at 2.8% annual interest compounded quarterly (four times each
year) and left it until she reached age 65. Determine what the value of the $2000 would
become.