PeTa 1 in

Gen Math

Ivan Joseph I. Ilagan

11 STEM C

Ma’am Joanna Karla Clemente

1st Problem:
You have an annual savings of
₱300,000. You plan to invest 45% of
your savings for the next 10 years of
your life. Assuming that the bank you are
investing has as an annual rate of 5%
every year, how much money you will
earn?

₱300,000 (0.45) = ₱135,000

Formula: Is = Prt
Given: Is = PRT
Principal: ₱135,000 = (₱135,000)(5%)(10)
Rate: 5% = (₱135,000)(0.05)(10)
Time: 10 years
= ₱67,500
2nd Problem:
If a entrepreneur invests in a bank and
the bank’s simple interest rate of 3% and
they invest it for 7 years earning them
₱100,000. After the 7 years of them
investing the money, what is the value of
their money before they invest it?

Formula: P = Is/rt
Given:
Simple Interest: ₱100,000
Rate: 3% P = Is/rt
Time: 7 years = ₱100,000/(3%)(7)
= ₱100,000/(0.03)(7)

= ₱476,190.48
3rd Problem:
Assuming that you are 30 and want to
retire by the age of 65. You planned to
invest ₱69,000 in a bank that has an
annual interest rate of 9%. What will be
your maturity value after you retire by
the age of 65?
Formula: F = P (1 + rt)
F = P + Is
Given:
= ₱69,000 + ₱286,350
Principal: ₱69,000
= ₱572,700
Rate: 9%
Time: 65 - 30 = 35 years
F = P (1 + rt)
= ₱69,000 [1 + (9%)(35)]
= ₱69,000 [1 + (0.09)(35)]
= ₱69,000 (1 + 3.15)
= ₱69,000 (4.15)
= ₱286,350