1. To buy the school supplies for the coming school year, you get a summer job at a resort. Suppose you save P4 200.00 of your salary and deposit it into an account that earns simple interest. After 9 months, the balance is P4 263.00. What is the annual interest rate?
1. To buy the school supplies for the coming school year, you get a summer job at a resort. Suppose you save P4 200.00 of your salary and deposit it into an account that earns simple interest. After 9 months, the balance is P4 263.00. What is the annual interest rate?
Chapter9: Sequences, Probability And Counting Theory
Section9.4: Series And Their Notations
Problem 5SE: What is an annuity?
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Question
Transcribed Image Text:Investigate, analyze and solves problems involving simple and compound interests and simple
and general annuities using appropriate business and financial instruments.
ce Tas K
Finds the future value and present value of both simple and general annuities.
MELC: The learner will be able to:
Solves problems involving simple and compound interest.
Solves problems involving business and consumer loans (amortization, nmongager
Direction: Solve problems involving simple and compound interest, business and consumer loans ana
find the future value and present value of both simple and general annuities. Write your anSwer on ene
space provided after each question.
1, To buy the school supplies for the coming school year, you get a summer job at a resort.
Suppose you save P4 200.00 of your salary and deposit it into an account that earns simple
interest. After 9 months, the balance is P4 263.00. What is the annual interest rate?
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