HOLY ANGEL UNIVERSITY

BASIC EDUCATION DEPARTMENT

SENIOR HIGH SCHOOL

MIND YOUR OWN BUSINESS

(MINI TASK IN GENERAL MATHEMATICS)

N A M E S Lopez, April Katie Kate D A T E April 10, 2023

Dizon, Neo Patrick T E A C H E R Mr. Reynaldo Palo
Surla, Gweneth Sopia S E C T I O N 11 – St. Finnian

GENERAL INSTRUCTIONS: OBJECTIVES:

✓ Create your own story in 1 (one) paragraph which consists
of 5 – 10 sentences that applies the concept of Simple
Interest, Compound Interest, and Simple Annuity.
✓ Make 3 (three) different offers corresponding to the 3
(three) concepts mentioned above.
✓ The offers should vary in their principal, rate, and time but
closer to each other’s future value. Show your complete
solution for each of them.
✓ Create your own conclusion by evaluating which offer is
the most practical to choose considering the given and the
character in the story. Justify.
✓ to distinguish the concepts of Simple Interest, Compound
Interest, and Simple Annuity by illustrating them in a short
story.
✓ to make different computations as a distinction of the
concepts mentioned above.
✓ to solve for the three different offers using their distinct
formula.
✓ to evaluate the three computations made based on its
practicality.
✓ to create a conclusion of which among the concepts/offers is
the most practical.

S H O R T S T O R Y

After being a couple for 7 months, Rei and Kiko decided to take a step further, both being business minded, they
came up with the thought of investing in their relationship. Rei and Kiko agreed that if Kiko cheated then Rei
would have all the money invested but if Rei cheated then Kiko would have all the money. Although they knew
they were a perfect match they thought of splitting the money 50-50 if it was a mutual breakup. If all three
rules were not broken and they do end up marrying each other, the invested money would be used for their
ceremony and honeymoon. Rei and Kiko inquired about three banks around town and discussed further whose
company they should open an account with for their relationship with high interest. U&I Bank offered a deposit
of Php 35,000 with 10% interest for 5 years. Yoon&Yool Bank offered a Php 40,000 deposit with 9% interest
compounded monthly for 6 years. The last bank, Cupid Bank offered an annual payment of Php 15,000 with 5%
interest for 5 years.

O F F E R S O F T H E B A N K
OFFER 1: U&I Bank OFFER 2: Yoon&Yool Bank OFFER 3: Cupid Bank

( Simple Interest ) ( Compound Interest ) ( Ordinary Annuity : Future Value )

P = Php 35 000 P = Php 40 000 P = Php 15 000

R = 10% R = 9% R = 5%
T = 5 years T = 6 years T = 5 years
M = 12 M=1

𝒓 𝒕𝒎 𝒓 𝒕𝒎
(𝟏+ ) −𝟏 𝒓
𝑨 = 𝑷 ( 𝟏 + 𝑹𝑻 ) 𝑨𝒏 = 𝑷 ( 𝟏 + ) 𝑭𝑽𝑨𝑫 = 𝑷 𝒎 (𝟏+ )
𝒎 𝒓 𝒎
𝒎

𝒓 𝒕𝒎
(𝟏+ ) −𝟏 𝒓
𝑭𝑽𝑨𝑫 = 𝑷 𝒎 (𝟏+ )
𝒓 𝒎
𝒓 𝒕𝒎
𝑨𝒏 = 𝑷 ( 𝟏 + ) 𝒎
𝒎
𝑨 = 𝑷 ( 𝟏 + 𝑹𝑻 ) 𝟗% ( 𝟏𝟐 )( 𝟔 ) 𝟓% (𝟓)(𝟏)
(𝟏+ ) −𝟏 𝟓%
𝑨 = 𝑷𝒉𝒑 𝟑𝟓 𝟎𝟎𝟎 ( 𝟏 + ( 𝟏𝟎% )( 𝟓 )) 𝑨𝒏 = 𝑷𝒉𝒑 𝟒𝟎 𝟎𝟎𝟎 ( 𝟏 + ) 𝑭𝑽𝑨𝑫 = 𝟏𝟓 𝟎𝟎𝟎 𝟏 (𝟏+ )
𝟏𝟐 𝟓% 𝟏
𝟏

Future Value: Php 52 500 Future Value: Php 68 502.10 Future Value: Php 87 028.69
 C O N C L U S I O N

In conclusion, Kiko and Rei are best served by the third offer. This is due to the simple interest having a highest interest
rate than the third offer, which is not convenient since you are investing a large money in a high interest rate, but the
payment is least compared to the third offer. The payment will not take a while that would allow them to be more
practical given that we are unsure of how long their relationship will endure. Given that they are both business-minded
and are aware of what is worthwhile or not, this would be useful for both. As compared to the second offer, the payment
will take a while even its has a right amount of interest. Comparing first offer and second offer, the charge is affordable
because the first offer will be greater, and the yearly fee will be lower if it is only raised by 5,000. Nevertheless, let's
refrain from engaging in this activity since it will harm what you both relationships have. Others will benefit from it, but
others might not. Due to the pain your partner's infidelity would inflict, which money cannot make up for.

M I N I T A S K E V A L U A T I O N
CRITERIA EXCELLENT
4 3
Coherence and The story has a
Cohesion of the short systematic and logical
story connection and has been
(5%) written perfectly.
Realistic Offers The offers made are
(10%) realistic based on the
real-life bank offers and
the future values are
close with each other.
Accuracy of the All the offers are solved
computations for each correctly and shows a
offer neat complete step-by-
(20%) step solution.
Relevance of the The conclusion is relevant
Conclusion to the status of the
(10%) character in the story and
relate it to the real-life
applications of the said
concepts.
Neatness of work The output is delivered
(5%) with good layout,
organized, and legible
manner.
S H E E T ( 5 0 P O I N T S )
GOOD FAIR POOR RATING
2 1
The story has a The story is either The story neither
systematic and logical systematic but not shows logical nor
connection with each logical or logical but not systematic connection
and every sentences. systematic. in its construction.
The offers made are The offers made are The offers made are
realistic and has closer somehow exaggerated seriously exaggerated
future value with each and future values are a and not applicable in
other. bit far with each other. the real-life situations.
All of the offers are One of the offers is Two or all of the offers
solved correctly. incorrectly solved. is solved incorrectly.
The conclusion shows The conclusion is The conclusion has
relevance to the somehow vague with completely nothing to
character on the story regards to the do with the need of the
based on the character illustrated in character in the story.
computations. the story.
The output is clean, The output is well- The output is untidy
well-organized, and written and easy to and difficult to
simple to read. read, but it is understand.
disorganized.
TOTAL

N A M E R O L E / C O N T R I B U T I O N

Lopez, April Katie Kate leader, short story

Dizon, Neo Patrick solving

Surla, Gweneth Sopia conclusion, input and design

Lopez, April Katie Kate S.

Signature over printed name of Leader