Let's Check Activity 1: Practice Set 7 Mathematics in Our World

PRACTICE SET 7
MATHEMATICS IN OUR WORLD
Name: Votacion, Marybelle T. Date: 04/28/2021

College/Program: 1st year BS- Accountancy Time / Schedule: 7– 8am
Subject & Code: GE4 (6945)
Let’s Check Activity 1

Simple Interest
A. Complete the table by calculating the simple interest due on the loan.
Loan Amount Interest Rate Period Interest

1. Php 8,000 7% 2 months Php 93.33
2. Php 15,000 6% 9 months Php 675
3. Php 12,000 5% 2 years Php 1,200
4. Php 50,000 7.5% 3 years Php 11,250
5. Php 20,000 3% 1 year and 3 months Php 750
B. Complete the table by calculating the simple interest rate.

6. Php 20,000 4% 6 months Php 400
7. Php 60,000 3% 3 months Php 450
8. Php 25,000 4.5% 3 years Php 3,375
9.Php 30,000 8% 2 years Php 4,800
10. Php 12,000 2.5% 2 years and 9 months Php 825
C. Complete the table by calculating the loan amount.

11. Php 35,000 6% 9 months Php 1,575
12. Php 60,000 3.5% 3 months Php 525
13. Php 25,000 5.5% 5 years Php 6, 875
14.Php 30,000 7% 3 years Php 6,300
15. Php 12,000 10% 1 years and 3 months Php 1,500
D. Complete the table by calculating duration of the loan.

16. Php 50,000 2.5% 2 years Php 2,500
17. Php 25,000 4% 3 years Php 3,000
18. Php 10,000 5% 1 year and 6 months Php 750
19.Php 20,000 7.5% 9 months Php 1,125
20. Php 40,000 10.8% 1 year and 6 months Php 6, 480
Compound Interest
F. Determine the value of n and t in each problem below.
1. How much is the interest of an investment at 4% compounded quarterly for 2

years?
Given:
( )
2. Calculate the compound amount of Php 4,000 compounded monthly for

years?
Given:
( )
3. A man deposited Php 20,000 in a savings bank that pays % compounded

semi-annually for 2 years and 6 months. What is the compound amount at the end of
the term?
Given: ( )
( )
( )
( )
( )
4. In the coming three years, you will need Php 200,000. What amount will you
deposit in a bank at present to have such amount if the bank pays 7% compounded
annually?
Given:
( )
( )
5. You deposit Php 20,000 in an account earning 4.5% interest, compounded

annually. How much is in the account after 9 months?
Given: ( )
( )
( )
6. You deposit in an account earning 3% interest, compounded monthly. How much

is in the account at the end of 9 months?
Given:
( )
7. Calculate the future value of Php 6,000 earning 3% interest, compounded daily for
2 years.
Given: ( )
( )
( )
( )
( )
8. How much money should be invested in an account that earns 7% interest,
compounded quarter l, in order to have Php 200,000 in 3 years?
Given:
( )
( )
( )
9. You want to retire in 35 years with Php 2,000,000 in investments. How much
money you need to invest today at 4% interest, compounded daily?
Given:
( )
( )
( )
10. A couple plans to save for their child’s college education. What principal amount
must be deposited by the parents when their child turns 5 in order to have Php200,
000 when the child reaches the age of 19? Assume the money earns 6% interest
compounded monthly.
Given:
( )
( )
( )
G. Each column in the table below is labeled, complete the table by writing the given
data (in figures), the word “unknown” for the unknown data, n/a if it is not applicable
in the problem.
1. Find the interest on Php30,000 invested for 2 years at 9% compounded quarterly.
P A I r n t
Php30,000 Php35, 844. 93 Php5,844.93 0.09 or 9% 4 2
2. What is the maturity value of Php25,000 at the end of years if the interest rate
is 5% compounded semi-annually?
P A I r n t
Php25,000 Php26, 922. 27 Php5, 844.93 0.05 or 5% 2
3. A man deposited Php 12,000 in a savings bank that pays compounded

monthly for 1 year and 10 months. What is the compound amount at the end of the
term?
P A I r n t
Php12,000 Php13, 395. 03 n/a % 12 22
4. If Php50,000 is due at the end of 3 years at 7% compounded annually. What is its

present value?
P A I r n t
Php40,814.89 Php50,000 n/a 1 3
5. How much must be deposited today in a savings bank to accumulate Php 120,000
after 5 years if money earns 6.5% compounded quarterly?
P A I r n t
Php86, 930. 08 Php120,000 n/a 4 5
6. A couple planned to build a Php 2,500,000 house after 5 years. How much should
be deposited in a savings account now that pay 2.5% interest compounded monthly
to have such amount in 5 years?
P A I r n t
Php105, 913. 40 Php2, 500, 000 n/a 12 5
7. Nico borrowed Php 20,000 from Luke. He promised to pay the principal amount
plus the interest at the end of 2 years. If Luke charged him 2% compounded
monthly, how much should Nico pay to Luke?
P A I r n t
Php20,000 Php20, 815. 52 n/a 12 2
8. If you start investing Php 50,000 now in a trust fund that pays 8% compounded
semi-annually, how much money will you have in 10 years?
P A I r n t
Php50,000 Php109, 556. 16 n/a 2 10
9. How much must be invested today at 8.5% compounded quarterly to have

Php3,000,000 in 30 years?
P A I r n t
Php240, 587.42 Php3,000,000 n/a 4 30
10. Find the present value of Php 150,000, due at the end of 2 years, if money is
worth 9% compounded annually.
P A I r n t
Php126, 252 Php150,000 n/a 1 2

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PRACTICE SET 7

MATHEMATICS IN OUR WORLD

Name: Votacion, Marybelle T. Date: 04/28/2021

Let’s Check Activity 1

Loan Amount Interest Rate Period Interest

B. Complete the table by calculating the simple interest rate.

Loan Amount Interest Rate Period Interest

C. Complete the table by calculating the loan amount.

Loan Amount Interest Rate Period Interest

Loan Amount Interest Rate Period Interest

F. Determine the value of n and t in each problem below.

1. How much is the interest of an investment at 4% compounded quarterly for 2

2. Calculate the compound amount of Php 4,000 compounded monthly for

3. A man deposited Php 20,000 in a savings bank that pays % compounded

5. You deposit Php 20,000 in an account earning 4.5% interest, compounded

6. You deposit in an account earning 3% interest, compounded monthly. How much

3. A man deposited Php 12,000 in a savings bank that pays compounded

4. If Php50,000 is due at the end of 3 years at 7% compounded annually. What is its

9. How much must be invested today at 8.5% compounded quarterly to have

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