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Quarter 2, Module 1

This document provides information and examples about simple and compound interest. It contains a worksheet with questions about key terms related to interest rates, loans, and investments. The worksheet includes written questions to fill in missing words and performance tasks involving calculating interest over time for different loan scenarios, one with simple interest and one with compound interest compounded yearly.

Uploaded by

Kristel Cahilig
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© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
80 views

Quarter 2, Module 1

This document provides information and examples about simple and compound interest. It contains a worksheet with questions about key terms related to interest rates, loans, and investments. The worksheet includes written questions to fill in missing words and performance tasks involving calculating interest over time for different loan scenarios, one with simple interest and one with compound interest compounded yearly.

Uploaded by

Kristel Cahilig
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Worksheet in General Mathematics

Quarter 2 – Module 1
Simple and Compound Interest
Name: ______________________________________ Section: _____________ Score: ________________
A. Please read the sentences carefully. Fill in the missing word/s on the blank space provided. (Written
Task)

1. Someone who have the privilege of using a fund and a promise to pay at some future date is called
_______________.
2. The amount that will be received at maturity date is the ___________________.
3. Simple interest is the interest computed on the ___________________.
4. The date on which the loan amount is to be fully paid is called ___________________.
5. __________________ is the amount calculated on the initial principal with fixed interest throughout the
periods or term.
6. The amount calculated on the principal and accumulated interest in the previous periods on a deposit or
loan is _________________.
7. Compound interest yields _______________ amount than simple interest.
8. If you are an investor, it is better to invest your money in ___________________.
9. If you are barrower, it is better to barrow money in a lender who offers ____________________.
10. Debt using credit cards is an example of _________________.

B. (Performance Task) Solve the following:

1. Supposed that a local farmer wants to borrow money from Landbank of the Philippines to start the
organic farming in his one hectare of agricultural land. The farmer needs P150,000.00 as a start-up
capital. The bank offers him 10% interest rate compounded annually. Compute for the total amount to
be paid every year for 5 years. Show your answer in tabular form.

2. A private school teacher plans to apply for a housing loan in the Home Mutual Development Fund or
Pag-ibig. It offers her a loan amounting to P1,500,000.00, considering all the rules and regulations
regarding the policy with 6.5% interest per annum payable within 15 years. Compare the maturity value
if interest compounded yearly.

Tim Amount at Interest Compound Interest


Amount at the end of
e the start of Rate
Solution Answer year t (Maturity Value)
(t) year t (r)

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Prepared by:
KRISTEL R. CAHILIG

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