GENERAL MATHEMATICS

Name: ____________________________________________________ Date: __________________ SCORE:

Strand/Year/Section: _____________________

Activity 5 (2nd Qtr.)

SIMPLE ANNUITY
Complete the table by computing the interest rate per period and total number of conversion periods.

1. Aling Puring started to deposit P2,000 quarterly in a fund that pays 5.5% compounded quarterly. How much will
be in the fund after 5 years?

Given: (1 pt.)

Find: (1 pt.)

Solution: (2 pts.)

Answer: (1 pt.)

2. The buyer of a house and lot pays P200,000 cash and P10,000 every month for 20 years. If money is 9%
compounded monthly, how much is the cash value of the house and lot?

Given: (1 pt.)

Find: (1 pt.)

Solution: (2 pts.)

Answer: (1 pt.)

3. Paolo borrowed P100,000. He agrees to pay the principal plus interest by paying an equal amount of money each
year for 3 years. What should be his annual payment if interest is 8% compounded annually?

Given: (1 pt.)

Find: (1 pt.)

Solution: (2 pts.)

Answer: (1 pt.)