Linear Programming (Inequalities) COA M 330-530 TF

2ndTri-SY 19-20 Linear Programming/ Financial Mathematics
Linear Programming (Inequalities) COA M 330-530 TF

By: Ronald F. Judan
1. Properties of Inequalities: The expression a<b is read as a is less than b while the expression a>b is read as a is
greater than b. The < and > signs define what is known as the sense of the inequality (indicated by the direction of
the sign).
Two inequalities are said to have;
(a) the same sense if the signs of inequality point in the same direction; and
(b) the opposite sense if the signs of inequality point in the opposite direction.
Example 1 : The inequalities x+3>2 and x+1>0 have the same sense.
So do the inequalities 3x−1<4 and x2−1<3.
Example 2: The inequalities x−4<0 and x>−4 have the opposite sense as do the following 2 inequalities: 2x+4>1
and 3x2−7<1.
Solution of an Inequality
The solution of an inequality consists of all the values of the variable that make the inequality a true statement.
Conditional inequalities are those which are true for some, but not all, values of the variable.
Absolute inequalities are those which are true for all values of the variable. A solution of an inequality consists of
only real numbers as the terms "less than or greater than" are not defined for complex numbers.
Example 3 : The inequality x+1>0 is true for all values of x greater than −1.
Hence the solution of the inequality is written as x>−1 and so this is a conditional inequality.
Example 4 :The inequality x2+1>0 is true for all values of x and hence is an absolute inequality.
Graphical Representation of Inequalities
Example 5
(a) To show x>2 graphically, we use an open circle at 2 on the number line and a line to the right of this point,
with an arrow pointing to the right:
The open circle shows that the point is not part of the indicated solution.
(b) To show x≤1 graphically, we use a solid circle at 1 on the number line and a line to the left of this point,
with an arrow pointing to the left:
The solid circle shows that the point is part of the indicated solution.
(c) To indicate −2<x≤4 graphically, we draw a bold line between the 2 values, an open circle at −2 (since it is not
included) and a closed circle at 4 (since it is included).
We now examine some of the key properties of inequalities.
Property 1 - Adding or Subtracting a Number

The sense of an inequality is not changed when the same number is added or subtracted from both sides of the
inequality.
Prof Ronald F. Judan ME-ECE/MAED-MATH Page 1

Example 6 : Using the inequality: 9>6

Step1 :adding 4 to both sides gives 9+4>6+4
i.e. 13>10 which is still true
Step 2: subtracting 12 from each side of the original gives 9−12>6−12
i.e. −3>−6 which is still true
Property 2 - Multiplying by a Positive Number

The sense of the inequality is not changed if both sides are multiplied or divided by the same positive number.
Example 7 : Using the inequality: 8<15

Step 1: Multiplying both sides by 2 gives 8×2<15×2
i.e. 16<30 which is still true
Step 2: Dividing both sides of the original by 2 gives
i.e. 4<7.5 which is still true
Property 3 - Multiplying by a Negative Number

The sense of the inequality is reversed if both sides are multiplied or divided by the same negative number.
Example 8 : We start with the inequality 4>−2.

Step 1: Multiplying both sides by −3 gives 4×−3>−2×−3
Thus, −12>6 which is not true
Hence the correct solution should be 4>−2 : 4×−3<−2×−3 : −12<6 (Note the change in the sign used) Similarly
dividing both sides of the original inequality by −2 gives 4>−2 4÷−2<−2÷−2 −2<1 (Note the change in the sign
used).
Property 4 - n-th Power

If both sides of an inequality are positive and n is a positive integer, then the inequality formed by the n-th power or
n-th root of both sides have the same sense as the given inequality.
Example 9 :Using the inequality: 9>6
Solution : Squaring both sides gives 9^2>6^2 : i.e. 81>36 which is still true .Taking square root of each side
gives √9>√6 : i.e. 3>2.45 which is still true.
Linear Inequalities: Solving linear inequalities is almost exactly like solving linear
equations.
 Solve x + 3 < 0. Then the solution is: x < –3
To denote the solution to the above inequality:
Here is another example, along with the different answer formats:
 Solvex – 4 > 0. Then the solution is: x>4
2
Applications:
1. Ethan is reading a 482-page book for a book report due on Monday. He has already read 80 pages. He wants to figure
out how many pages per hour he needs to read in order to finish the book in less than 6 hours.
a) Write an inequality to describe this situation.
b) Solve the inequality and interpret the solution.
2. Jan’s account balance is P3800. Of this, P750 is for rent. Jan wants to keep a balance of at least P500. Write and solve
an inequality describing how much she can withdraw and still meet these conditions?

3. Manuel takes a job translating English instruction manuals to Spanish. He will receive P15 per page plus P100 per
month. Manuel would like to work for 3 months during the summer and make at least P1,500. Write and solve an
inequality to find the minimum number of pages Manuel must translate in order to reach his goal.
4. On a Ferris wheel at a carnival, only two people per car are allowed. The two people together cannot weigh more than
300 pounds. Let x and y be the weights of the people.
a) Write an inequality that describes the weight limitation in terms of x and y.
b) Write an inequality that describes the limit on the average weight of the two riders.
5. Ron and his father want to go on the ride together. Ron’s father weighs 175 pounds. What is the maximum weight
Ron can before the two to be allowed on the ride?
6. Nineteen more than a number is less than 42.
7. The difference of three times a number and 16 is at least 8.
8. One half of a number is more than 6 less than the same number.
9. Five less than the product of 6 and a number is no more than twice that same number.
10. Parson’s bank offers two checking account plans. The no frills plan charges 35 cents per check, whereas the simple
checking plan costs P5 per month plus 10cents per check. For what number of checks per month will the simple
checking plan costs less?
Evaluation: Try This!!!!!
Given Answer
1. 5a – 9 > 11 a>4
2. 17 + .5 c <14 c < -6
3. 6–x>3 x<3
4. 8.3 < -0.5b – 2.7 b < -22
5. 4x + 5 ≥ 21 x≥4
6. -14≤ -2p + 7 p ≤ 10.5
7. 11 + 8c ≥ 9c c ≤ 11
Graphing Linear Linear Inequalities in two Unknowns

Terms:
– Boundary
– Half-plane
– Feasible region
1. 3x – 2y  6 5. y > 3x – 2 a. Solid b. Dotted
2. y < – 3x + 12
2 Inequality Symbol Type of Line
3. x−5 ≥ y
3 6. y > ¼x – 5 a. Solid b. Dotted
4. y ≤−5 > or < Dotted Line
> or < Solid Line

Steps
1. Graph the boundary line. Decide whether the line is part of the solution
(use solid line for  and , dashed line for > and <)
2. Solve the inequality for y: shade the region above the line if y > mx + b; shade the region below the line if y <
mx + b. 3
Name__________________________Subject/Sched____________________Date____________Score________
Graph the Following Inequalities
3
1. y ≥−3 x+ 4 2. y ≤ x−5
5

3. y >−x−5 4. y >−4
7
5. y >2 x−5 6. y ≥ x +2
4
Name________________________Subject/Sched____________________Date____________Score________
Graph the Following Inequalities
4
7. x ←5 8. y ≤ x−4
3

9. 3 x−2 y< 10 10. 5 x−3 y ≤−15
11. y ≥ 4 12. x− y >2
Applications:
Terms: Linear programming, objective function, constraints
• If the feasible region is bounded, then the objective function has both a maximum and a minimum value, and each
occurs at one or more corner points.
• If the feasible region is unbounded, then the objective function may not have a maximum or minimum. But if a
maximum or minimum value exists, it will occur at one or more corner points.
• Write the objective function and all necessary constraints.
• Graph the feasible region.
• Determine the cordinates of each corner points.
• If the feasible region is bounded, the solution is given by the corner point producing the optimum value of the
objective function.
• If the feasible region is unbounded in the first quadrant and both coefficients of the objective function are positive,
then the minimum value of the objective function occurs at a corner point and there is no maximum value.

EXAMPLE-1: Stefanny and Jethro want to donate some money to a local food pantry. To raise funds,
they are selling necklaces and earrings that they have made themselves. Necklaces cost P8 and
earrings cost P5. What is the range of possible sales they could make in order to donate at least P100?
 The first step here is to create the inequality. Once we have it, we can solve it and then create a
graph of it to better understand the importance of the bounded region. Let’s begin by assigning
the variable x to the number of necklaces sold and y to the number of earrings sold.
 (Remember—since this will be mapped on a coordinate plane, we should use the variables x and
y.)
amount of money amount of money

earned from selling + earned from selling ≥ $100
necklaces earrings
8x + 5y ≥ 100
We can rearrange this inequality so that it solves for y. That’s the slope-intercept form, and it will make
the boundary line easier to graph
So the slope intercept form of the inequality is .
Now let’s graph it:
The shaded region represents all the possible

combinations of necklaces and earrings that Steffany
and Jethro could sell in order to make at least P100
for the food pantry. It’s quite a wide range!
We can look at the two ordered pairs for confirmation

that we have shaded the correct region. If we
substitute (10, 15) into the inequality, we find 8(10) +
5(15) ≥ 100, which is a true statement. However,
using (5, 5) creates a false statement: 8(5) + 5(5) is
only 65, and is thus less than 100.
Note that while all points will satisfy the inequality, not all points will make sense in this context. Take
(21.25, 10.5), for example. While it does fall within the shaded region, it’s hard to expect them to sell
21.25 necklaces and 10.5 earrings! The guys can look for whole number combinations in the bounded
region to plan how much jewelry to produce.
Example- 2: The ninth graders are hosting the next school dance. They would like to make at least a $500 profit
from selling tickets. The ninth graders estimate that at most 300 students will attend the dance. They will earn $3
for each ticket purchased in advance and $4 for each ticket purchased at the door.
 Write a system of inequalities to represent this situation.
 Graph each inequality on the grid.
 Suppose only 30 people buy advance tickets. How many people would need to buy tickets at the door?
(Identify one realistic solution) Justify your answer.
What do we know:
Make at least $500 At most 300 students will attend $3 for advance & $4 for tickets at door
We must write two inequalities. We know information about the cost of tickets and the number of expected
attendees.

Let x = the number of people who purchase tickets in advance

Let y = the number of people who purchase tickets at the door
Verbal model for cost of tickets: Advance purchase + Door purchase is at least $500:
3x + 4y ≥ 500
Verbal model for number of expected attendees At most 300 students will attend
x + y ≤ 300
(The number of students total is the number of advance purchasers + the number of door purchasers (x + y)
 Our system of inequalities for this situation is: 3x + 4y ≥ 500 & x + y ≤ 300
The x-intercept (let y = 0) The x-intercept (let y = 0)
3x + 4(0) = 500 x + 0 = 300
3x = 500 x = 300
x=166.67
The y-intercept (let x = 0) The y-intercept (let x = 0)

3(0) +4y = 500 0 + y =300
4y = 500 y= 300
Y = 125
Shading: Substitute (0,0) Shading: Substitute (0,0)

3x + 4y ≥ 500 x+y ≤ 300
3(0) +4(0) ≥500 0+0 ≤ 300
0≥ 500 is not true 0≤ 300 is true
According to the graph, if 30 people buy advance tickets, then about 120 would need to buy tickets at the door in
order for the 9th graders to make their goal of at least $500.
Justify:
3x+4y ≥ 500 ( x+y) ≤ 300
3(30) +4(120) ≥ 500 120+30 ≤ 300
90 + 480 ≥ 500 150≤ 300
570 ≥ 500
Name__________________________Subject/Sched__________________Date____________Score________
Model and Graph the following Inequalities
SYSTEM of INEQUALITIES WORD PROBLEMS
1. You can work at most 20 hours next week. You need to earn at least P92 to cover you weekly expenses.
Your dog- walking job pays P7.50 per hour and your job as a car wash attendant pays P6 per hour. Write a
system of linear inequalities to model the situation.
2. Marsha is buying plants and soil for her garden. The soil cost P4 per bag, and the plants cost P10 each. She
wants to buy at least 5 plants and can spend no more than P100. Write a system of linear inequalities to
model the situation.
3. Jonah is going to the store to buy candles. Small candles cost P3.50 and large candles cost P5.00. He needs
to buy at least 20 candles, and he cannot spend more than P80. Write a system of linear inequalities that
represent the situation.
4. John is packing books into boxes. Each box can hold either 15 small books or 8 large books. He needs to
pack at least 35 boxes and at least 350 books. Write a system of linear inequalities to represent the
situation.
5. During a family trip, you share the driving with your dad. At most, you are allowed to drive for three
hours. While driving, your maximum speed is 55 miles per hour.
a) Write a system of inequalities describing the possible numbers of hours t and distance d you may
have to drive.
Definition of Terms:
What is return on investment (ROI)?

ROI is the rate of revenues received for every dollar on invested in an item or activity.
What are stocks?
Stock is an instrument that signifies ownership in a corporation and represents claim on a share of a corporation’s
assets and profits. Stocks are typically riskier and long-term investments.
What are bonds?

Bonds are interest-bearing certificates used as a way for government or business to raise money. The bondholder
lends money to the bond issuer for a set amount of time and interest. When the bonds are “sold” back to the issuer,
the interest earned is given to the bondholder.
Bonds are typically low-risk and good for short-term investments.
• Types of bonds:
1. Corporate Bonds
 State law requires corporations pay bond payments on time, a given priority over other
financial obligations
2. Government bonds
 Very safe, high quality
3. Municipal bonds
 Tax-free on interest for federal returns!!
 Lower interest rates, but good overall returns due to tax-exempt status

What are mutual funds?

Mutual funds are open-ended investments that are professionally managed and consist of a variety of investment
instruments including stocks, bonds, options, commodities, and money market securities. Diversification provides
greater safety and reduces risk. Mutual funds are long-term investments.
What is real estate?
Real estate is a piece of land and any buildings or structures on it. Real estate is a long-term investment.
Annual Percentage Rate (APR): The cost of credit on a yearly basis as a percentage rate.
Collateral- A form of security to help guarantee that a creditor will be repaid.

Credit - A legal agreement to receive cash, goods, or services now and pay for them in the future.
The 3 C’s of Credit:

1. Capacity
2. Capital
3. Character
I. SIMPLE AND COMPOUND INTEREST
Interest is the “rent” that a borrower pays a lender to use the lender’s money.
Simple interest is a type of interest that is paid only on the original amount deposit
and not on past interest paid.
Simple Interest
I = Prt ; A = P+I = P(1 + rt)
where
• I = amount of interest
• P = present value (called "Principal")
• r = interest rate
• t = time (in years)
• A = Accumulated or future value
Example:
1) P 3000 earning Simple Interest at 6% per year for 2 years
Ans. P 3360
2) How much would you need to have on an account to earn P 100 simple interest in four months,
assuming that the simple interest rate is 6.4 %?
Ans. P 4687.5
Compounding interest is "interest on interest."
It is a method of calculating interest where the interest is added to the original principal. This new
value is now our principal for the next time period. In this method the interest earned in past terms can earn
interest in future terms.
n
F=P∗(1+i )
where F=isthe final amount including the principal

Accumulated amount
P = principal
n=isthe number of years invested
Compounding’s per period
i=is the rate of interest per year
Example 1: Sometimes Compound Interest is paid instead of Simple Interest. Each year the interest is worked out
using the Principal + Interest, where in this case the Principal is the $200 and in the first year the Interest is the
$8.00 at the rate of 4% per annum. What is the compound interest of example 3 after 3 years?
3
F=200 ( 1+ 0.04 ) =$ 224.97
compound interest after 3 years=$ 224.97−$ 200=$ 24.97

Example 2. Mr. Garcia borrowed P1,000,000 for the expansion of his business. The effective rate of interest is 7%.
1
F=1,000,000 ( 1+ 0.07 ) =P 1,070,000
The loan is to be repaid in full after one year. How much is to be paid after one year?
An amount of P1,070,000 must be paid after one year.
Example 3. A loan of P200,000 is to be repaid in full after 3 years. If the interest rate is 8% per annum. How much
should be paid after 3 years?
Answer: F = P(1 + i)n = 200, 000 (1 + 0.08)3 = 251, 942.40
I. AMMORTIZATION AND MORTGAGE
A. Definition of Terms
Amortization Method - method of paying a loan (principal and interest) on installment basis, usually of equal
amounts at regular intervals
Mortgage - a loan, secured by collateral, that the borrower is obliged to pay at specified terms.
Chattel Mortgage - a mortgage on a movable property

Collateral - assets used to secure the loan. It may be a real-estate or other investments
Outstanding Balance - any remaining debt at a specified time
B. Discuss the basics of a mortgage loan to the students.
A mortgage is a business loan or a consumer loan that is secured with collateral.
Collaterals are assets that can secure a loan. If a borrower cannot pay the loan, the lender has a right to the
collateral. The most common collaterals are real estate property. For business loans, equipment, furniture and
vehicles may also be used as collaterals. Usually, the loan is secured by the property bought. For example, if a
house and lot is purchased, the purchased house and lot will be used as a mortgaged property or a collateral. During
the term of the loan, the mortgagor, the borrower in a mortgage, still has the right to possess and use the
mortgaged property. In the event that the mortgagor does not make regular payments on the mortgage, the
mortgagee or the lender in a mortgage can repossess the mortgaged property. The most common type of mortgage
is the fixed-rate mortgage wherein the interest remains constant throughout the term of the loan.
C. Solve problems involving business or consumer loans
EXAMPLE 1. If a house is sold for P3,000,000 and the bank requires 20% down payment, find the amount of the
mortgage.
Solution:
Down payment= (down payment rate)(cash price)
= 0.20 (3,000,000)
= 600,000
Amount of Loan = (cash price) – (down payment)

= 3,000,000-600,000
= 2,400,000
The mortgage amount is P2,400,000.

Alternate Solution:
Mortgaged amount = % of financed amount x value of the property
= (0.80)(3,000,000) = P 2,400,000
Name___________________________Subject/Sched________________Date___________Score________
Seat Work : Solve what is required in the following problems. No Solution No Credit.(25pts)
1) For a purchase of a house and lot worth P3,800,000, the bank requires 20% down payment, find the
mortgaged amount.
Soln:
Ans______________________
2) A car dealer offers a 15% down payment for the purchase a car. How much is the mortgaged amount if the
cash value of the car is P1,500,000?
Soln.
Ans______________________
3) If a condominium is purchased for P5,700,000 and the bank requires 30% down payment, how much is the
mortgaged amount?
Soln
Ans______________________
4) A family obtained a P1,000,000 mortgage. If the monthly payment is P38,000 for four years, how much is
the total interest paid?
Soln

Ans______________________
5) Mr. Canlapan obtained a 10-year mortgage for P4,200,000. If his monthly payment is P39,500 , how much
is the total interest?
Soln.
Ans______________________
Evaluation:
A. Fill in the blank.
1. A ________ is a loan, secured by collateral that the borrower is obliged to pay at specified terms.
Answer__________________
2. _______ is a mortgage on a movable property. Answer__________________
3. A ________ is a mortgage with a fixed interest rate for its entire term.
Answer__________________
4. The ________ is the lender in a mortgage . Answer__________________
5. The ________ is the borrower in a mortgage. Answer__________________
B. Solve the following problems completely.
1. A business loan of 800,000 is to be repaid in full after 2 years. What is the amount to be paid if the
effective rate of interest is 8%?
Soln,
Answer__________________
2. For the purchase of a farm worth P2,800,000, the bank requires 30% down payment, find the mortgaged
amount.
Soln.
Answer__________________
3. If a condominium is purchased for P1,700,000 and the bank requires 25% down payment, how much is the
mortgaged amount?
Soln.
Answer__________________

4. Mr. Sia got a P1,100,000 mortgage. If the monthly payment is P33,000 for five years, how much is the total
interest paid?
Soln.
Answer__________________
5. Mr. Yuson obtained a 20-year mortgage for P2,200,000. If his monthly payment is P18,500 , how much is
the total interest?
Soln.
Answer__________________
II. BUSINESS AND CONSUMER LOANS
Definition of terms:
Business Loan - money lent specifically for a business purpose. It may be used to start a business or to have a
business expansion
Consumer Loan - money lent to an individual for personal or family purpose
Collateral - assets used to secure the loan. It may be real-estate or other investments
Term of the Loan - time to pay the entire loan
Exercises : Identify whether the following is a consumer or business loan.
1. Mr. Agustin plans to have a barbershop. He wants to borrow some money from the bank in order for him to buy
the equipment and furniture for the barbershop. Ans____________________
2. Mr and Mrs Craig wants to borrow money from the bank to finance the college education of their son.
Ans______________________
3. Mr. Alonzo wants to have some improvements on their 10-year old house. He wants to build a new room for
their 13-year old daughter. He will borrow some money from the bank to finance this plan.
Ans______________________
4. Mr. Samson owns a siomai food cart business. He wants to put another food cart on a new mall in the other city.
He decided to have a loan to establish the new business.
Ans______________________
5. Roan has a computer shop. She owns 6 computers. She decided to borrow some money from the bank to buy 10
more computers. Ans______________________
6. Mr. Lim wants to have another branch for his cellphone repair shop. He decided to apply for a loan that he can
use to pay for the rentals of the new branch. Ans______________________
7. Trillas runs a trucking business. He wants to buy three more trucks for expansion of his business. He applied for
a loan in a bank. Ans______________________
8. Mrs. Alonzo decided to take her family for a vacation. To cover the expenses, she decided to apply for a loan.
Ans______________________

9. Glenn decided to purchase a condominium unit near his workplace. He got a loan worth P2,000,000.
Ans______________________
10. Mr. Galang purchased construction materials and renovated his house for P80,000. This was made possible
because of an approved loan worth P75,000. Ans______________________
Test Your Knowledge: Simple and Compound Interest. (5points each No Solution No Credit Solve on a separate sheet)
A. Use simple interest to find the ending balance.
1) P34,100 at 4% for 3 years 2) P210 at 8% for 7 years
Ans______________ Ans______________
3) P4,000 at 3% for 4 years 4) P20,600 at 8% for 2 years
Ans______________ Ans______________
5) P14,000 at 6% for 9 years 6) P2,300 at 7% for 9 years
Ans______________ Ans______________
7) P43,800 at 4.8% for 2 years 8) P35,800 at 8.2% for 3 years
Ans______________ Ans______________
9) P7,400 at 10.5% for1/4 yrs 10) P1,900 at 5.9% for 2 3/4 years

Ans______________ Ans______________
B. Find the total value of the investment after the time given.
11) P7,300 at 7% compounded semiannually for 3 years
Ans______________
Ans______________
Ans______________
14) P1,500 at 7% compounded annually for 3 years
Ans______________
15) P1,240 at 8% compounded annually for 2 years
Ans______________
Ans______________
17) P28,600 at 7.9% compounded semiannually for 2 years
Ans______________
18) P21,000 at 13.6% compounded quarterly for 4 years
Ans______________
19) P12,700 at 8.8% compounded semiannually for 1 year
Ans______________
20) P130 at 9.4% compounded quarterly for 2 years

Ans______________

Linear Programming (Inequalities) COA M 330-530 TF

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2ndTri-SY 19-20 Linear Programming/ Financial Mathematics

Linear Programming (Inequalities) COA M 330-530 TF

We now examine some of the key properties of inequalities.

Property 1 - Adding or Subtracting a Number

Prof Ronald F. Judan ME-ECE/MAED-MATH Page 1

Example 6 : Using the inequality: 9>6

Property 2 - Multiplying by a Positive Number

Example 7 : Using the inequality: 8<15

Property 3 - Multiplying by a Negative Number

Example 8 : We start with the inequality 4>−2.

Property 4 - n-th Power

Example 9 :Using the inequality: 9>6

 Solve x + 3 < 0. Then the solution is: x < –3

To denote the solution to the above inequality:

Here is another example, along with the different answer formats:

 Solvex – 4 > 0. Then the solution is: x>4

Prof Ronald F. Judan ME-ECE/MAED-MATH Page 2

6. Nineteen more than a number is less than 42.

7. The difference of three times a number and 16 is at least 8.

Evaluation: Try This!!!!!

Graphing Linear Linear Inequalities in two Unknowns

> or < Solid Line

Graph the Following Inequalities

Prof Ronald F. Judan ME-ECE/MAED-MATH Page 3

Graph the Following Inequalities

Prof Ronald F. Judan ME-ECE/MAED-MATH Page 4

9. 3 x−2 y< 10 10. 5 x−3 y ≤−15

11. y ≥ 4 12. x− y >2

Terms: Linear programming, objective function, constraints

Prof Ronald F. Judan ME-ECE/MAED-MATH Page 5

amount of money amount of money

So the slope intercept form of the inequality is .

Now let’s graph it:

The shaded region represents all the possible

We can look at the two ordered pairs for confirmation

Prof Ronald F. Judan ME-ECE/MAED-MATH Page 6

Let x = the number of people who purchase tickets in advance

The y-intercept (let x = 0) The y-intercept (let x = 0)

Shading: Substitute (0,0) Shading: Substitute (0,0)

SYSTEM of INEQUALITIES WORD PROBLEMS

What is return on investment (ROI)?

What are bonds?

Prof Ronald F. Judan ME-ECE/MAED-MATH Page 8

What are mutual funds?

Collateral- A form of security to help guarantee that a creditor will be repaid.

The 3 C’s of Credit:

I. SIMPLE AND COMPOUND INTEREST

Compounding interest is "interest on interest."

where F=isthe final amount including the principal

compound interest after 3 years=$ 224.97−$ 200=$ 24.97

I. AMMORTIZATION AND MORTGAGE

Chattel Mortgage - a mortgage on a movable property

B. Discuss the basics of a mortgage loan to the students.

A mortgage is a business loan or a consumer loan that is secured with collateral.

C. Solve problems involving business or consumer loans

Amount of Loan = (cash price) – (down payment)

The mortgage amount is P2,400,000.

Prof Ronald F. Judan ME-ECE/MAED-MATH Page 10

Mortgaged amount = % of financed amount x value of the property

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B. Solve the following problems completely.

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