GEC 002 – MATHEMATICS IN THE MODERN WORLD

A.Y. 2021-2022
1st Semester

QUIZ #5

NAME: Cortez, Jomari, R COURSE/YR/SECTION:_BSN-1A_ _

Task 1. 10 POINTS

You invested a certain amount of money at 6.5% interest rate. The interest earned in 2 years is Php7 800.00. How
much money did you invest? (Present your answer using Polya’s 4-steps in problem solving).
Step 1. 2POINTS

Given: a certain amount of money at 6.5% interest rate. The interest earned in 2 years is Php7 800.00

Find: amount of money invested

Step 2. 2 POINTS

Let: P = amount of money invested

I = 7,800

r = 6.5% or .065

t = 2 years

Step 3. 3 POINTS

7,800 = P (0.65) (2)

7800 0.13

=
0.13 0.13

P= 60,000

If P = 60,000, then the amount of money invested was Php60,000.

Step 4. 3 POINTS

I = (60,000) (0.065) (2)

I = 7,800
Since Ph60,000 earned an interest amounting to Php7,800, then we did the problem correctly.
 GEC 002 – MATHEMATICS IN THE MODERN WORLD
A.Y. 2021-2022
1st Semester

Task 2.Solve the 4x4 Magic Square below given the magic constant 34. (10 POINTS)
8 11 14 1

13 2 7 12

3 16 9 6

10 5 4 15

Task 3.Solve the given problem using Polya’s 4-steps in problem solving.(10 POINTS)

In 2018, a businessman borrowed Php500 000.00 at 10% interest rate, payable for 1 year for a new
business venture. How much will he pay after a year?

Step 1. 2 POINTS

Given: Amount borrowed Php 500000

Payable within 1 year at 10%

Interest Rate

Find: Amount of money to be paid after 1 year or the maturity value

Step 2. 2 POINTS

F =maturity value F = P (1 + rt)

P =500 000 F = 500 000 [1 + (0.1) (1)]
r = 10% = 0.1

t = 1 year

Step 3. 3 POINTS

= P (1 + rt F)

= 500 000 [1 + (0.1) (1)]

= 500 000 (1.1)

 GEC 002 – MATHEMATICS IN THE MODERN WORLD
A.Y. 2021-2022
1st Semester

F = 550 000

Step 4. 3 POINTS

I = Prt F=P+I

= (500 000) (0.01) (1) = 500 000 + 50 000

I = 50 000 F = 550 000