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    Buying and Selling

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    Charlene Dana
    The document discusses different types of commissions and simple interest calculations. It provides examples of graduated commission, straight commission, salary plus commission, and asks the reader to identify the type of commission each example represents. It also gives simple interest word problems and asks the reader to calculate interest rates, principal amounts, and future values. The document serves to explain commissions and teach simple interest calculations through examples and exercises.

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    Buying and Selling

    Uploaded by

    Charlene Dana
    6K views1 page
    The document discusses different types of commissions and simple interest calculations. It provides examples of graduated commission, straight commission, salary plus commission, and asks the reader to identify the type of commission each example represents. It also gives simple interest word problems and asks the reader to calculate interest rates, principal amounts, and future values. The document serves to explain commissions and teach simple interest calculations through examples and exercises.

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    Business Math

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    The document discusses different types of commissions and simple interest calculations. It provides examples of graduated commission, straight commission, salary plus commission, and asks the reader to identify the type of commission each example represents. It also gives simple interest word problems and asks the reader to calculate interest rates, principal amounts, and future values. The document serves to explain commissions and teach simple interest calculations through examples and exercises.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    6K views1 page

    Buying and Selling

    Uploaded by

    Charlene Dana
    The document discusses different types of commissions and simple interest calculations. It provides examples of graduated commission, straight commission, salary plus commission, and asks the reader to identify the type of commission each example represents. It also gives simple interest word problems and asks the reader to calculate interest rates, principal amounts, and future values. The document serves to explain commissions and teach simple interest calculations through examples and exercises.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 1

    BUYING AND SELLING

    ACTIVITY 2. INTEREST ME MORE.


    A. B. Directions: Can you explain why the following are the kind of commission
    they claim to be?
    1. Barbara receive a commission of 4.5% on the first P2,500 sales and 6% of
    all sales over P2,500. (Graduated Commission)
    2. A stock broker receives a commission of 11% for selling annuities to her
    clients. (Straight Commission)
    3. Jose makes P10,000 a month plus some money by commission rates. He
    gets 6% of everything else. (Salary Plus Commission)
    4. Dale is paid a commission of 4% of the first P2,000 of his sales, and 5.5%
    of all sales over P2,000. (Graduated Commission)
    5. A car salesman earns a 3% commission on sales. He sells a car for
    P2,227,990. (Straight Commission)
    B. Directions. The answers to the following exercises are given below. Provide the
    solutions.
    1. After 5 years, Pilong earned a simple interest of P90,000 from a P300,000
    investment. What is the interest rate of the said investment? (6%)
    2. Determine the principal amount that you need to invest at a simple annual
    interest of 8% to have a total amount of P446,400 at the end of three years?
    (Php 360,000)
    3. Suppose you invest P50,000 at 15% interest rate, compounded semi-annually.
    Determine the future value of your investment after 3 years. (≈ Php 77,165.08)
    4. A Philippine bank learned that Bareg Corporation is planning to invest P50,000
    in a foreign bank. So the Philippine Bank convinced the corporation to invest in
    them instead. They offered the corporation an interest rate of 6%, compounded
    quarterly, for 10 years. Approximately how much will be the future value of the
    corporation’s investment if they will accept the offer of the Philippine Bank.
    (≈ Php 90,700.020.43)

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