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Let's Analyze Activity 1: Practice Set 7 Mathematics in Our World

This document contains a practice set for a mathematics in our world subject. It includes 6 word problems involving compound interest and inflation calculations. The problems ask the student to select the appropriate formula, solve, and provide the compound amount or equivalent value accounting for interest or inflation over various time periods ranging from 1 to 20 years.

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Marybelle Torres Votacion
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307 views3 pages

Let's Analyze Activity 1: Practice Set 7 Mathematics in Our World

This document contains a practice set for a mathematics in our world subject. It includes 6 word problems involving compound interest and inflation calculations. The problems ask the student to select the appropriate formula, solve, and provide the compound amount or equivalent value accounting for interest or inflation over various time periods ranging from 1 to 20 years.

Uploaded by

Marybelle Torres Votacion
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
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PRACTICE SET 7

MATHEMATICS IN OUR WORLD

Name: Votacion, Marybelle T. Date: 04/29/2021


College/Program: 1st year BS- Accountancy Time / Schedule: 7– 8am
Subject & Code: GE4 (6945)

Let’s Analyze Activity 1

E. Problem Solving. Answer each of the following as indicated.


I =Php 3,150
H. Select the formula to be used in each problem below, then solve.

1. What is the compound amount and 2. How much interest earned in 5 years on
interest if Php 10,000 is invested at 3.6% Php 20,000 deposited in an account
compounded monthly for 2 years? paying 6.5% compounded semi-annually?

3. How much money should you invest at 4. With your midyear bonus of Php 30,000,
an interest rate of 4.5% compounded you plan to buy a new laptop that cost
monthly, in order to have Php 300,000 in 4 exactly Php 30,000 but you have decided
years? to invest the whole amount in an account
that pays 3% compounded monthly. What
is the compound amount after one year?

5. Suppose your salary now is Php32,000 6. You are just married and assume to
per month. Assuming an annual inflation have a college student 20 years from now.
rate of 6%, what will be the its equivalent If the annual tuition fee a college student is
salary 15 years from now? Php 70,000, what would be its equivalent
annual tuition fee at the time you will have
a college student. Assuming that the
annual inflation rate is 7.5%.

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