Scribd
Upload
1K views2 pages

Seatwork 1

1. The document contains 8 math word problems involving calculating loan amounts, mortgage amounts, interest paid, and outstanding balances given various loan details like principal, interest rates, payment amounts and periods. 2. The problems are answered numerically with calculations showing the work. 3. The document provides practice questions and answers for calculating various aspects of loans and mortgages.

Uploaded by

David John Anfone Bacayo
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
1K views2 pages

Seatwork 1

1. The document contains 8 math word problems involving calculating loan amounts, mortgage amounts, interest paid, and outstanding balances given various loan details like principal, interest rates, payment amounts and periods. 2. The problems are answered numerically with calculations showing the work. 3. The document provides practice questions and answers for calculating various aspects of loans and mortgages.

Uploaded by

David John Anfone Bacayo
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
You are on page 1/ 2

Seatwork 1.

A loan of P200,000 is to be repaid in full after 3 years. If the interest rate is 8% per
annum. How much should be paid after 3 years?
Answer:
F = (1 + j)n = 100, 000, (1 + 0.08)3 = 251, 942.40

Seatwork 2.
For a purchase of a house and lot worth P3,800,000, the bank requires 20% down
payment, find the mortgaged amount.

Answer:
P3,040,000

Seatwork 3
. A car dealer offers a 15% down payment for the purchase a car. How much is the
mortgaged amount if the cash value of the car is P1,500,000?
Answer:
P1,275,000

Seatwork 4.
If a condominium is purchased for P5,700,000 and the bank requires 30% down
payment, how much is the mortgaged amount?
Answer:
P3,990,000

Seatwork 5.
A family obtained a P1,000,000 mortgage. If the monthly payment is P38,000 for four
years, how much is the total interest paid?
Answer:
P824,000

Seatwork 6.
Mr. Canlapan obtained a 10-year mortgage for P4,200,000. If his monthly payment is
P39,500 , how much is the total interest?
Answer:
P540,000

Seatwork 7.
Mr. Ramos is considering to pay his outstanding balance after 3 years of payment. The
original amount of the loan is P100,000 payable annually in 5 years. If the interest rate
is 10% per annum and the regular payment is P26,379.75 annually, how much is the
outstanding balance after the 3rd payment?
Seatwork 8.
Ms. Saya got a business loan worth P900,000. She promised to pay the loan semi-
annually in 3 years. The semi-annual payment is P183,026.37 if money is worth 12%
converted semi-annually. How much is the outstanding balance after the first payment?

You might also like