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    aiza
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    This document provides a summary of general mathematics problems from week 1 that include calculating simple interest earned on bank deposits or charged on loans. It lists 4 sample problems of varying difficulty: calculating the interest earned on a 1 million peso deposit with a 0.25% interest rate for 1 year; the interest charged on borrowing 50,000 pesos for 9 months at a 10% annual rate; calculating the balance after 4 years and 3 months with a 10,000 peso deposit at a 0.5% interest rate; and determining the interest rate being charged on a 500,000 peso loan with 157,500 interest charged over 3 years.

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    This document provides a summary of general mathematics problems from week 1 that include calculating simple interest earned on bank deposits or charged on loans. It lists 4 sample problems of varying difficulty: calculating the interest earned on a 1 million peso deposit with a 0.25% interest rate for 1 year; the interest charged on borrowing 50,000 pesos for 9 months at a 10% annual rate; calculating the balance after 4 years and 3 months with a 10,000 peso deposit at a 0.5% interest rate; and determining the interest rate being charged on a 500,000 peso loan with 157,500 interest charged over 3 years.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    32 views1 page

    Q-2 W-1 Questions

    Uploaded by

    aiza
    This document provides a summary of general mathematics problems from week 1 that include calculating simple interest earned on bank deposits or charged on loans. It lists 4 sample problems of varying difficulty: calculating the interest earned on a 1 million peso deposit with a 0.25% interest rate for 1 year; the interest charged on borrowing 50,000 pesos for 9 months at a 10% annual rate; calculating the balance after 4 years and 3 months with a 10,000 peso deposit at a 0.5% interest rate; and determining the interest rate being charged on a 500,000 peso loan with 157,500 interest charged over 3 years.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    General Mathematics

    WEEK 1
    Easy
    1. A bank offers 0.25% annual simple interest rate for a particular deposit. How much interest
    will be earned if 1 million pesos is deposited in this savings account for 1 year?
    a. 250, 000 b. 25, 000 c. 2, 500 d. 250
    Average
    2. How much interest is charged when 50, 000 pesos is borrowed for 9 months at an annual
    interest rate of 10%?
    Answer: 3, 750
    Difficult
    3. How much will you have after 4 years and 3 months if you deposited 10, 000 pesos in a bank
    that pays 0.5% simple interest?
    Answer: 10, 212.25 pesos
    Clincher
    4. If an entrepreneur applies for a loan amounting to P500, 000 in a bank, the simple interest of
    which is P157, 500 for 3 years, what interest rate is being charged?
    Answer: 10.5%

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