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Polytechnic University of The Philippines: Lopez, Quezon Branch

This document contains a mathematics assignment with two parts: 1) Finding missing terms for interest calculations with various principal amounts, rates, and times. 2) Solving word problems involving simple and compound interest calculations. The problems include calculating interest earned on savings and time deposits, payments on a loan with interest, and compounding interest over multiple time periods. The assignment was prepared by a part-time faculty member at Polytechnic University of the Philippines Lopez, Quezon Branch and contains sample calculations for students to complete.

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917 views

Polytechnic University of The Philippines: Lopez, Quezon Branch

This document contains a mathematics assignment with two parts: 1) Finding missing terms for interest calculations with various principal amounts, rates, and times. 2) Solving word problems involving simple and compound interest calculations. The problems include calculating interest earned on savings and time deposits, payments on a loan with interest, and compounding interest over multiple time periods. The assignment was prepared by a part-time faculty member at Polytechnic University of the Philippines Lopez, Quezon Branch and contains sample calculations for students to complete.

Uploaded by

acurvz2005
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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POLYTECHNIC UNIVERSITY OF THE PHILIPPINES

LOPEZ, QUEZON BRANCH

=====================================================================================
GEED 10053 Mathematics in the Modern World February 8, 2021

Assignment / Quiz # 8

Student Name: ___________________________ Course / Year: __________________

I. Find the missing terms;


Principal Rate Time Interest
1. P5,250 12% 3.5 yrs.
2. P65,500 1 ¾% 2 yrs.
3. P8,500 13% P4, 420
4. P15,000 12% P9, 000
P50,000 3 yrs. P13, 500
P105,000 1.5 yrs. P17,325
8½%
7% 4 yrs. P24, 000
P5,000,000 8¾% 5 yrs.
P10,000,000 12½% 3 yrs.

II. Solve the following problems;


1. Mr. Cruz borrowed P110,000 at 5% simple interest to pay as down payment for a house
and lot. If he was able to pay after 6 months, how much in all did he pay?

2. Mr. Reyes placed P25,000, in a savings bank at 4% and P13,000 in a time deposit at 10½%.
How much simple interest do his investments earn every 3 months?

3. Mrs. Ablan borrowed P25,000 to start a market stall, at 14% simple interest. If she paid
P10, 000 every six months, a) how many times did she pay? b) How much was her last
payment? c) how much in all did she pay?

4. If interest is compounded quarterly how much will P1000,000 be at the end of one year at
12% compound interest?

5. P1200 is placed in an account at 4% compounded annually for 2 years. It is then


withdrawn at the end of the two years and placed in another bank at the rate of 5%
compounded annually for 4 years. What is the balance in the second account after 4
years?

Prepared By:

Engr. Antonio P. Curva

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POLYTECHNIC UNIVERSITY OF THE PHILIPPINES
LOPEZ, QUEZON BRANCH

=====================================================================================
Part-Time Faculty

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