1. Citibank pays 9% ordinary simple interest on a 30-day time deposit. How much money will the depositor have at the end of the 30-day period if he or she deposits P1,500.00? 2. The Villa Pawnshop charges 24% simple interest on the loan of all items pawned to them. If Rose pawned her necklace for P1,200.00, how much will she pay the pawnshop after 90 days assuming Villa Pawnshop charges the following? a. exact interest b. ordinary interest 3. Find the principal on a loan that was paid P1,345.00 after ordinary interest was charged at 10% for 90 days. 4. Find the interest rate on a loan P1,800.00 that was paid P1,845.00 after 60 days from the date of loan. The interest charge was ordinary interest.
Unitary Method
The word “unitary” comes from the word “unit”, which means a single and complete entity. In this method, we find the value of a unit product from the given number of products, and then we solve for the other number of products.
Speed, Time, and Distance
Imagine you and 3 of your friends are planning to go to the playground at 6 in the evening. Your house is one mile away from the playground and one of your friends named Jim must start at 5 pm to reach the playground by walk. The other two friends are 3 miles away.
Profit and Loss
The amount earned or lost on the sale of one or more items is referred to as the profit or loss on that item.
Units and Measurements
Measurements and comparisons are the foundation of science and engineering. We, therefore, need rules that tell us how things are measured and compared. For these measurements and comparisons, we perform certain experiments, and we will need the experiments to set up the devices.
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