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    catherinerenante
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    This document provides instructions for a test involving calculations of interest using different terms and durations. Test-takers are asked to calculate the interest earned in two scenarios: 1) for a ₱9,500 loan from October 29, 2013 to March 18, 2014 with a 10% interest rate; and 2) for a ₱25,000 account earning 11.25% interest from January 1 to August 20. For each scenario, test-takers must calculate the ordinary interest using actual time, ordinary interest using approximate time, exact interest using actual time, and exact interest using approximate time.

    Originalbeschreibung:

    grade 11

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    This document provides instructions for a test involving calculations of interest using different terms and durations. Test-takers are asked to calculate the interest earned in two scenarios: 1) for a ₱9,500 loan from October 29, 2013 to March 18, 2014 with a 10% interest rate; and 2) for a ₱25,000 account earning 11.25% interest from January 1 to August 20. For each scenario, test-takers must calculate the ordinary interest using actual time, ordinary interest using approximate time, exact interest using actual time, and exact interest using approximate time.

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    © All Rights Reserved
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    Markieren Sie unangemessene Inhalte
    44 Ansichten1 Seite

    Activity 3

    Hochgeladen von

    catherinerenante
    This document provides instructions for a test involving calculations of interest using different terms and durations. Test-takers are asked to calculate the interest earned in two scenarios: 1) for a ₱9,500 loan from October 29, 2013 to March 18, 2014 with a 10% interest rate; and 2) for a ₱25,000 account earning 11.25% interest from January 1 to August 20. For each scenario, test-takers must calculate the ordinary interest using actual time, ordinary interest using approximate time, exact interest using actual time, and exact interest using approximate time.

    Copyright:

    © All Rights Reserved
    Als PDF, TXT herunterladen oder online auf Scribd lesen
    Markieren Sie unangemessene Inhalte
    von 1

    SH1612

    Sounds Interesting
    Interest
    Directions: Read the instructions and all the items in each test type carefully. Use black or blue pen
    ink only. Avoid any form of erasure, alteration, and superimposition on the final answer.
    1. Ms. Sarmiento loaned 9,500 from October 29, 2013 to March 18, 2014 with
    10% simple interest. Solve for the interest, using the four (4) previously
    discussed terms and duration. (4 items x 3 points)
    a. Ordinary Interest (Actual Time)
    b. Ordinary Interest (Approximate Time)
    c. Exact Interest (Actual Time)
    d. Exact Interest (Approximate Time)

    2. Using the four previously discussed terms and duration, find how much interest
    an account will earn from January 1 to August 20 if its principal amount is
    25,000 and the interest rate is 11.25%. (4 items x 3 points)
    a. Ordinary Interest (Actual Time)
    b. Ordinary Interest (Approximate Time)
    c. Exact Interest (Actual Time)
    d. Exact Interest (Approximate Time)

    Sounds Interesting

    *Property of STI
    Page 1 of 1

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