General Mathematics

Home Based Activity 1

Name
Grade 11 ABM -

MONEY MATTERS

Read and analyze the situation below then, answer the question that follows.

You are a new accounts clerk in Lucena Metropolitan Bank where you met Mr. and Mrs. Smith who
are preparing for the education of their children in the future. You wanted to introduce to them the advantage
of time deposit having the following features:

Option A: 1.10% interest annually in 3 years,

Option B: 1.25% interest annually in 5 years
Option C: 1.75% interest annually in 8 years

The couple has an initial amount of ₱50,000 to be deposited. To help the couple in deciding the terms of their
investment make a proposal by completing the table below.

Proposal
Principal Time Rate Interest Amount
Php 50,000.00

Php 50,000.00

Php 50,000.00

Aside from the amount to be yielded at the end of each term, what other factors would you consider?

Is there any disadvantage in choosing each term? What are those?

What tips or advice can be given to the couple in choosing the term of interest?

1 | General Mathematics. Home Based Activity. Week 1

 General Mathematics
Home Based Activity 1

Synthesis Journal
Write a synthesis journal from the different activities and discussion you encountered from
this week. You can recall past experiences and real-life problems and how you can solve
and apply it in the future.

Synthesis Journal
What I did? What I learned? How can I use it?

2 | General Mathematics. Home Based Activity. Week 1