1

QUARTER 2 - MODULE 1 4) 6.75 % x

100 %
=0.675
1
WHAT I KNOW 5) 0.7 % x =0.007
100 %
1. A
B.
2. A
100 %
3. A 1) 0.25 x =25 %
1
4. C
100 %
5. B 2) 0.3 x =30 %
1
6. C
7. B 100 %
3) 2.7 x =270 %
I =PHP 10000 ( 0.08 ) ( 6 ) I =PHP 1800 , B 1
8.
F=PHP 35000+ PHP 35000 ( 0.025 )( 10 ) 100 %
9. 4) 0.06 x =6 %
F=PHP 43750 , A 1
100 %
0.08 3 (1) 5) 0.0009 x =0.09%
10. A=PHP 153000 1+ ( 1 ) 1
A=PHP 192,735.94 , B C.
1 year
WHAT’S IN 1) 85 days x =0.24 year
365 days
1 year
A. 2) 267 days x =0.73 year
365 days
1
1) 5 % x =0.05 1 year
100 % 3) 305 days x =0.84 year
365 days
1
2) 12 % x =0.12 1 year
100 % 4) 10 months x =0.83 year
12 months
1
3) 2.3 % x =0.023 1 year
100 % 5) 7.5 months x =0.625 year
12 months

WHAT’S NEW
INTEREST
WHAT IS IT
SIMPLE INTEREST

P r t Solution Interest Future Value

PHP 20,000 3% 4 (PHP 20,000 x 0.03 x 4) PHP 2,400 PHP 22,400
PHP 20,000 3% 5 (PHP 20,000 x 0.03 x 5) PHP 3,000 PHP 23,000

COMPOUND INTEREST

P r t Solution Interest Future Value

PHP 21,854.54 3% 1 (PHP 21,854.54 x 0.03 x 1) PHP 655.64 PHP 22,510.18
PHP 22,510.18 3% 1 (PHP 22,510.18 x 0.03 x 1) PHP 675.30 PHP 23,185.48
WHAT’S MORE

B.)
SIMPLE INTEREST

P r t Solution Interest Future Value

PHP 15,000 5% 1 (15,000 x 0.05 x 1) PHP 750 PHP 15,750
PHP 15,000 5% 2 (15,000 x 0.05 x 2) PHP 1500 PHP 16,500
PHP 15,000 5% 3 (15,000 x 0.05 x 3) PHP 2250 PHP 17,250

COMPOUND INTEREST

P r t Solution Interest Future Value

PHP 15,000 5% 1 (15,000 x 0.05 x 1) PHP 750 PHP 15,750
PHP 15,750 5% 1 (15,750 x 0.05 x 1) PHP 787.50 PHP 16,537.50
PHP 16,537.50 5% 1 (16,537.50 x 0.05 x 1) PHP 826.875 PHP 17,364.375

C)
August 25, 2019 to April 11, 2020.
ACTUAL TIME: 229 days
APPROXIMATE TIME: 296 days
WHAT I HAVE LEARNED

SIMPLE INTEREST COMPOUND INTEREST

Compound interest is, in

essence, interest that is
Simple interest is just
Both added to the principal,
that. It is interest earned
Interest earning interest on the
at a given rate on an that grow full amount. The more
investment money often the interest is
overtime added, the more you
earn.

WHAT I CAN DO
SAVINGS GOAL
-Living a more minimalist lifestyle
-Earning a certain amount of money through a side hustle
-Becoming a millionaire by the age of 40
-Giving a certain dollar amount to a worthy cause
-Shifting from a scarcity to an abundance mindset
-Earning more money from your job

INVESTMENT GOAL
-Take a Vacation
-Get Married
-Buy a Home
-Start a Business
-Pay for Your Child’s Education
-Have an Income Stream for Retirement
-Leave a Substantial Legacy for Your Family
JOURNAL IT
Financially literate consumers can manage money with confidence, which means effectively allocating their
earnings to their goals and limiting or attacking their debt. Here are the ways financial literacy can affect your
life such as Understand how to budget, manage debt, how emergency funds works and planning a retirement
ASSESSMENT
1 year
1) P=PHP 25,000 R=3 %=0.03n=JUNE 6 ,2020 ¿ MARCH 25 , 2021=292 days x 365 =0.8 years I =Prt
I =PHP 25,000 ( 0.03 ) ( 0.8 ) I =PHP 600.00

2) Given:
P= PHP 50,000
r= 3% per annum
r= 3% compounded annually
t= 4 years
Lending Institution A
F=P(1+rt ) F=PHP 50,000(1+ ( 0.03 ) ( 4 )) F=PHP 56,000

Lending Institution B
4 ( 1)
0.03
A=PHP 50,000 1+ ( 1 ) A=PHP 56,275.44

I BORROW MONEY IN LENDING INSTITUTION A BECAUSE OF LOW INTEREST

ADDITIONAL ACTIVITIES
P R T I
PHP 37,500.00 6.5% 2.5 YEARS PHP 6,093.75
PHP 15,000.00 3% 5 YEARS PHP 2,250.00
PHP 12,000.00 5.3% 9 MONTHS PHP 477.00

SOLUTION
I =PHP 37,000 ( 0.065 ) (2.5 ) I =PHP 6,093.75

I =PHP 15,000 ( 0.03 ) (5 ) I =PHP 2,250.00

I =PHP 12,000 ( 0.053 ) ( 129 )I =PHP 477.00