Saint Mary’s University

Bayombong, Nueva Vizcaya

SCHOOL OF HEALTH and NATURALSCIENCES
Nursing Department

STUDENT STUDY GROUP PROGRAM

IN PARTIAL FULLFILLMENT OF THE

REQUIREMENTS IN MATHEMATICS IN THE
MODERN WORLD

GMath-5147
TIme: 11:30 AM-1:30 PM

Submitted by:

Leader:
Messakaraeng, Renee Dwi

Members:
Labasan, Vivien
Joaquin, Ara
Pescasio, Ashley
Rola, Ashley
Garcia, Eloisa Gayle
Galam, Janelle Joy
Manuel, Joy Stephanie
Cacatian, Kathryn
Butag, Ronabelle

Submitted to:
Domingo T. Guntalilib Jr.
NARRATIVE REPORT with DOCUMENTATION:
PROBLEMS WITH ANSWERS:

1. Find the simple interest and amount on P12, 000.00 for 2 years and 8 months at 12% simple
interest rate.
Given:
PRINCIPAL= 12,000 Pesos
RATE= 12% or 0.12%
TIME= 2 8/12
Required:
Interest
Equation:
I = Prt
A = P+I
Solution:
I = 12,000 × 0.12 × 2 8/12
= Php 3,840
A = P12,000+P3,840
= Php 15, 840
Answer:
Simple Interest=Php 3,840
Total Amount= Php 15, 840

2. Find the ordinary and exact interests on P90, 000.00 at 8% for 120 days.
Given:
PRINCIPAL= 90,000 Pesos
RATE= 8% or 0.08%
TIME= 120 days
Required:
Ordinary and Exact Interest
Equation:
number of days
Io = (P) (R) ( )
360
number of days
Ie = (P) (R) ( )
365
Solution:
120
Io = (90,000) (0.08) ( )
360
Io = Php 2,400
120
Ie = (90,000) (0.08) ( )
365
Ie = Php 2,367.1233
Answer:
Ordinary Interest=Php 2,400
Exact Interest= Php 2,367.12
3. Maria wants to raise P54, 205.00 at the end of 5 years. Find the amount she should invest if
money earns 11% simple interest.
Given:
INTEREST= 54, 205.00 Pesos
RATE= 11% or 0.11%
TIME= 5 years
Required:
Principal
Equation:
P= I/rt
Solution:
P= 54, 205/( 0.11 x 5)
= P 98, 554.54545
Answer:
P 98, 554.55
4. Jessica wanted her P8, 000.00 to earn P1, 080.00 at 9% simple interest. How long should she
invest the money?
Given:
PRINCIPAL= P8, 000.00
RATE= 9% or 0.09%
INTEREST= P1, 080.00
Required:
Time
Equation:
t = I/Pr
Solution:
t = 1, 080.00/(8, 000.00 x 0.09)
= 1.50 years
0.50x12= 6
Answer:
1 year and 6 months

5. What is the simple interest rate if Joshua paid P21, 500.00 after 2 years and 6 months on a
P13, 250.00 loan?
Given:
PRINCIPAL= P13, 250.00
TIME= 2 years and 6 months or 2 6/12
INTEREST= P21, 500.00-P 13,250.00= P8, 250
Required:
Simple Interest Rate
Equation:
r= I/Pt
Solution:
 r= 8,250/(13,250 x 2 6/12)
= 0.25% or 25%
Answer:
0.25% or 25%

6. Accumulate P85,000.00 for 30 months at a simple interest rate of 8%

Given:
PRINCIPAL= P85, 000.00
TIME= 30 months or 2 6/12
INTEREST RATE= 8% or 0.08 %
Required:
Total Amount
Equation:
A= P(1+rt)
Solution:
A= 85,000(1+ 0.08% x 2 6/12)
= 102, 000.00
Answer:
P 102, 000.00

7. Discount P26, 000 for 160 days at a simple interest rate of 8%.
Given:
AMOUNT = P26, 000.00
160 Days
TIME= 160 days or = 0. 438356 years
365 Days
INTEREST RATE= 8% or 0.08 %
Required:
Principal
Equation:
P= A/(1+rt)
Solution:
P= 26,000/(1+ 0.08% x 0.438356)
= 25, 119.11
Answer:
P 25, 119.11

8. Mark can buy a motorcycle now for P70, 720.00 but probably for P75, 580.00 next year.
Would he save if he deposits P 70,720 in a time deposit at 12% for a year and buy the
motorcycle next year?

Given: P=P70,720; t=1 year; r=12%

Required: F (Final amount)

Equation:
I=Prt; F=I+P
Complete Solution with Unit Cancellations:
I = (Php70,720) (12%) (1
year)
I = Php8486.4
F = (Php8486.4) +
Php70,720
F = Php79,206.4
 We will first find the interest with the 12% rate of time deposit using the
formula I=Prt wherein we get the product of Php8486.4. Php8486.4 is added
to the principal amount of Php70,720 and we have the sum of
Php79,106.4.
Answer:
Php79, 206>Php75,580
Notice that the money in the time deposit is significantly higher than the
price of the motorcycle for next year and it explains why Mark should just
buy the motorcycle next year. Therefore, Mark will not save money if he
buys the motorcycle this year, given that he will deposit the original amount
with a time deposit of 12% because he can buy the motorcycle in a lower
price next year.
INSIGHTS:
RATING:

Members:

Labasan, Vivien-
Joaquin, Ara-
Pescasio, Ashley-
Rola, Ashley-
Garcia, Eloisa Gayle-
Galam, Janelle Joy-
Manuel, Joy Stephanie-
Cacatian, Kathryn-
Butag, Ronabelle-