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Colegio de San Gabriel Arcangel: Example 1

This document provides an example and activity on calculating interest, principal, rate, time, and maturity value of investments. The example shows how to calculate interest earned on a principal amount for a given interest rate and time period. It also introduces a formula to find the final or maturity value as the principal plus interest earned. The activities ask students to complete a table with the interest, principal, rate, time, and maturity value for various scenarios and to solve word problems applying the concepts.

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181 views3 pages

Colegio de San Gabriel Arcangel: Example 1

This document provides an example and activity on calculating interest, principal, rate, time, and maturity value of investments. The example shows how to calculate interest earned on a principal amount for a given interest rate and time period. It also introduces a formula to find the final or maturity value as the principal plus interest earned. The activities ask students to complete a table with the interest, principal, rate, time, and maturity value for various scenarios and to solve word problems applying the concepts.

Uploaded by

C X
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Colegio de San Gabriel Arcangel

City of San Jose del Monte, Bulacan, Philippines


COLLEGE OF LIBERAL ARTS AND SOCIAL SCIENCES

Program : Bachelor of Arts In Psychology


Course code : GECO 4
Description : Mathematics In The Modern World

LAS #14
Name:______________________ Score :____________________
Date : _____________________ Section :____________________

Activity Title : Finding the Maturity Value.

Learning Target: 1. I can find the Interest, Principal, Rate, Time and Maturity value.
2. I Can solve the principal. Interest rate and Time.

References : 1. Sirug, Winston S. Mathematics In the Modern World, Manila:


Mindshapers Co. Inc.
2.Anasin Gil. Module in Mathematics of Investment, Unpublished.

DISCUSSION:
Finding the Final Amount
Final Amount (F) or Maturity Value is equal to the sum of Principal and Interest.

F=P+I

Example 1: Find the interest and the final amount on P16,400 at 2


½% for 3 months.

3
Solution: P = P16,400.00 r = 2 ½ % t=
12

3
I = Prt I = P16,400.00 (.025) ( )
12
I = P102.50

F=P+I
F = P16,400.00 + 102.50
F = P16,502.50

To find the final amount, we can use another formula

Since F = P + I, and I = Prt


Substituting Prt to I, we get

F =P+I F = P + Prt therefore F = P(1 + rt)


Using this formula to find the find the final amount

3
F = P16,400.00 ( 1 + .025 * )
12
F = P16,502.50

Example 2: Accumulate P18,000 for 60days at 3%

60
Solution: P = P18,000.00 r=3% t=
360
60
F = P18,000 ( 1 + .03 * )
360
F = P18,090.00

ACTIVITY 1
Name: ______________________________ Score: _____Rating: ______

Course, Yr. & Section: _______________ Date: ___________

Complete the table below

Final
Interest Principal Rate Time
Amount
(I) (P) (r) (t)
(F)

1. P10,500.00 6% 6 months

10
2. 5,600.00 5%
months

2½
3. 9,000.00 8½%
months

4. P810.00 4 ½% 9 months

5. P1,600.00 6% 4 months

6. P8,000.00 12% 240 days


7. P1,300.00 6,500.00 3 months

8. P840.00 16,000.00 7 months

9. P2,782.00 72,000.00 214 days

10. P1875.00 75,000.00 5%

ACTIVITY 2
Name: ______________________________ Score: _____Rating: ______

Course, Yr. & Section: _______________ Date: ___________


Solve the following problems.

1. Find the interest and the final amount on P130,000 at 6% for 60 days

2. Accumulate P64,000 at 6 ¼ % for 8 months.

3. How much principal will amount to P30,500 in 9 months if the interest rate is 9%?

4. Find the maturity value on P208,000 at 3 ⅓% for 2 years & 8 months.

5. Ms. Julu-an borrowed P31,500.00 at 6% for 60 days. How much interest did she pay for
the use of money?

6. Kenneth invested certain amount at 12% after 2 years it earned P24,000. How much did
he invest?

7. Dennis invested P62,000.00 which earned interest amounting to P3,120.00 for 10 months.
Find the rate of interest. What is the final amount?

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