Antipolo City

MATWRLD – Mathematics in the Modern World SCORE

2nd Term, SY 2020-2021

ASSIGNMENT NO. 5

Name: Date:

Section: Term: SY: Time:

Directions: Solve the following. Show your solution.

1. If P12,700 was borrowed at 10.5% simple interest, how much will the interest be for 5 years?

2. If P11,200 which was borrowed at an annual interest rate for 17% must be repaid in 6 months, what
is the total amount to be paid at the end of 6 months. (Note: Convert 6 months to year)

3. The repayment of the loan is P 35, 000.00. If the loan was for 24 months at 10% interest, how much
was the loan originally borrowed?

4. Five years ago, a trust fund amounting to P500,000.00 was invested at 15% compounded semi-
annually. Find the amount in the fund now.

5. In buying a car, Amiel pays P 210,000.00 cash and agrees to pay P790,000.00 for 4 years at 12%
interest compounded monthly. Find the cash value of the car.

6. Which is better for the depositor, an account that yields 15% compounded annually or 12%
compounded monthly?

7. The activity in the credit card account of Mara for one billing period shows the following
transactions: November 18 purchase of P 4,500.00; November 25 purchase of P23,000.00; December
3 payment of P30,000.00 and December 10 purchase of P8,430.00. (1.) Find the average daily
balance on the next billing date of December 15 if the previous balance was P 5,900.00 due on
November 15. Given the finance charge of 2.25% on the daily balance. (b) Find the finance charge
and the balance owned on December 15.
8. The AST Enterprise is currently selling stocks at P 2, 300.00 and with a dividend of P150. What is the
current yield of stocks.

9. Jeeper purchased 400 shares of the GST Company common stock at P4,890.00 per share. A few
months later, he sold the shares at P3,500.00, His stockbroker charges 4.3% commission on round
lots and 4.6% on odd lots. Compute a. total cost, n. the proceeds, and c. the gain or loss on the
transactions.

10. Mye has a 15-year mortgage loan at a compounded annual interest rate of 9.3%. After making
payments of P11,600.00 for 10 years, she decided to sell her home and buy a new one in Tanay, Rizal.
What is the loan payoff?