Manuel, Angelo M.

1.1 BSHM

Final Assessment (100 points)

Directions: Follow the indicated instructions and provide the answer to the following
problems.

I. PROBLEM SOLVING. (50 points)

Solve the following word problems. Show your complete solutions and BOX your final answer.

A.. Zen Furniture received the sofa set that was bought at a wholesale price of PhP 11,000. The
manager, Mr. Dela Cruz, marks up all furniture by 55%. At what price should the manager sell the
sofa set?

I. What is being asked?

- What price should the manager sell the sofa set?

What are the given facts?

- Wholesale price of PhP 11,000 55% markup

II. What is the number sentence?

- Markup amount = 11,000 x 0.55
- Selling price = 11.000 (11,000 x 0.55)

What operations are to be performed?

- Addition & Multiplication

III. Solution:
Markup amount - Wholesale Price . Markup Rate
• 11,000 x 0.55
• 6,050

Selling price . Wholesale Price + Markup Amount

• 11,000 . 6,050
• 17,050
IV. Final Answer:
- The markup amount and selling the sofa set are PhP 6,050 and PhP 17,050,
respectively.

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B. SG Hardware buys buckets of paints at a wholesale price of PhP 380 each. If the selling price is
PhP 627, what is the markup rate?
I. What is being asked?
- What is the markup rate?

What are the given facts?

- Wholesale price of PhP 380 each Selling price is PhP 627.

Il. What is the number sentence?

- Markup = Selling price . Wholesale price
- Markup rate
Wholesale price X 100

What operations are to be performed?

- Subtraction, Division, Multiplication

Ill. Solution:
- Markup = 627 - 380
= 247
- Markup rate = 247/380 x 100
- 0.65 x 100
= 65%
IV. Final Answer:
- The markup rate of the bucket of paints is 65%

C. You only have a budget of PhP 13,200 to buy a new computer set for your online class. The
price of the computer set is PhP 15,500. Can you buy it if you get a 15% discount? Justify your
answer.

I. What is being asked?

- Can your budget of PhP 13,200 buy a computer set with 15% discount.

What are the given facts?

- Amount of computer set of 15,500 15% discount.

II. What is the number sentence?

- Sale Price = 15500 - (15500 x 0.15)

What operations are to be performed?

- Multiplication & Subtraction

Ill. Solution
- Sale Price = 15500 - (15500 x 0.15)

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- Sale Price = 15500 - (2325)
- Sale Price = 13,175
IV. Final Answer:
- Since the sale price of the computer set is 13,175, the amount of budget is enough to buy.
D. The price of a shirt is PhP 249. If you buy 5 shirts and up, you will get a 10% discount. How
much would you pay if you buy 10 shirts?

I. What is being asked?

- How much would you pay for 10 shirts?

What are the given facts?

- Price of a shirt is PhP 249; 10% discount

II. What is the number sentence?

- Price of the shirt is a discount.

What operations are to be performed?

- Multiplication & subtraction

III. Solution:
- Total price
= 249 x 10 - 2490
= 2490 x 0.10 = 249
= 2490 - 249 = 2241
IV. Final Answer:
- The amount you should pay for 10 pieces of shirt is 2,241 after having a 10% discount.

E. David’s laptop that he’s been using for work, had stopped working. He borrowed PhP 25,000
from the bank with an interest rate of 12% for 24 months. How much interest should he pay?

I. What is being asked?

- How much interest should he pay?

What are the given facts?

- PhP 25,000 Interest rate of 12%; 24 months

II. What is the number sentence?

- 1 = 25000 x 0.06 x 2

What operations are to be performed?

- Multiplication

IIl. Solution:
- 1 = 25000 x 0.06 x 2
- 1 = 3000
IV. Final Answer:
- The total amount of interest he should pay is PhP 3000

F. Rachel deposited PhP 35,000 into her savings account that earns 4% interest. How much will
she have after 18 months?
I. What is being asked?
- How much will she have after 18 months?

What are the given facts?

- PhP 35,000: 4% interest; 18 months

II. What is the number sentence?

- = 35,000 x 0.04 x 1.5

What operations are to be performed?

- Multiplication and addition

III. Solution:
- 1 = 35,000 x 0.04 x 1.5

- 1 = 2,100
- - 35,000 - 2,100 - 37,100
IV. Final Answer:
- Rachel will have the total amount of PhP 37 100 after 18 months.

G. Taylor invested PhP 100,000 at a rate of 8.5%. How much investment should she have after 3.5
years?

I. What is being asked?

- How much investment should she have after 3.5 years?

What are the given facts?

- PhP 100,000; rate of 8.5%; 2.5 years.

II. What is the number sentence?

- 1 = 100,000 x 0.085 x 3.5

What operations are to be performed?

- Multiplication & Addition

Ill. Solution:
- 1 = 100,000 x 0.085 x 3.5
- 1 - 29,750
- = 100,000 + 29,750
IV. Final Answer:
- Taylor will have a total investment of PhP 127,950 after 3.5 years.

H Ed puts PhP 45,000 into an account to use for future expenses. The account earns 13%,
compounded quarterly. How much will be in the account after 8 years?

I. What is being asked?

- How much will be in the account after 8 years?
What are the given facts?
- PHP 45,000; 13%. compounded quarterly.

II. What is the number sentence?

- = 45,000( 1 + 0.13/4) 4x5

What operations are to be performed?

- Multiplication, Addition, Division it.

III. Solution:
= 45,000 [1 + 0.13/4) 4x5
= 45,000 [ 1 + 0.13/4) 32
= 45,000 (1.0325) * 32
= 45,000 (2.78279958879)
= 125225.98 + 45,000
= 170225.98
IV. Final Answer:
- Ed will have a total amount of PhP 170225.98 after 8 years.

I-J. Compare and contrast the interest earned using both simple and compound interest after 6
years, with the principal amount of PhP 15,000 and an interest rate at 7%. Justify your answer.

I. What is being asked?

- Compare and contrast the interest earned using both simple and compound interest

What are the given facts?

- Principal amount of PhP 15,000; interest rate at 7%,

II. What is the number sentence?

Simple interest - P x r x t
= 15000 x 0.07 x 5

Compound interest = P (1 - r/t) nt

= 15000(1 + 0.07/1) 1x6

What operations are to be performed?

- Multiplication, Addition, Division

IIl. Solution:

Simple interest - Prt

= (15,000) (0.07 )(6)
= (1050) (6)
= 6300

Compound interest < = P [1 + t/n) 'nt

= 15,000 (1 + 0.07/1) 1x6
= 15,000 (1+0.07/1) 1x6
= 15,000 (1.07) * 6
= 22510.96
IV. Final Answer
- The interest you can com in simple interest is PhP. 6300 while in compound PhP 22510.96

II. TERMINAL OUTPUT. (50 points)

If you have short-term money needs, a personal loan can be an alternative. With no
collateral needed, you can apply for a personal loan at any bank in the Philippines.

What is a personal loan? A personal loan is a loan for any personal expense. Unlike a
housing loan or a car loan, you can use a personal cash loan for anything you want.
May it be for tuition fees, travel expenses, or anything else.

When you apply for a personal loan, you enter into an agreement with the lender
(usually the bank) and promise to repay the loan over an agreed length of time.

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To repay your personal loan, you make monthly payments for the loan tenure until
you have fully repaid both the principal and interest of the loan.

Most banks in the Philippines offer attractive interest rates for their personal loans.
While standard monthly interest rates are around 1.5% to 2%.

https://www.imoney.ph/personal-loan

Task

If you are planning to apply for a personal loan and borrow PhP 30,000 and repay the
principal and interest for an agreed length of time of 3 years,

a. How much monthly payment is needed for each bank offer?

b. How much interest would you pay for 3 years for each bank offer?
c. Which is the best option for you among the given choices below if you are to pay
monthly for 3 years?

Justify your answer and apply what you have learned on simple and compound interest.

Bank (Personal Loan) Monthly Interest Rate

A 1.3%

B 1.89%

C 1.22%

D 1.5%
 E 1.25%

How much monthly payment is needed for each bank offer?

Bank A:
= 30,000 +14,040 = 44,040
= 44,040 + 36 = 1223.33

The amount due every month to the bank A is PhP 1223.33

Bank B:
= 30,000 + 20,412 = 50,412
= 50,412 + 36 = 140,033

The amount due every month to the bank B is PhP 1 400.33

Bank C:
= 30,000 + 12,176 = 43,176
= 43,176 + 36 = 1199.33

The amount due every month to the bank C is PhP1 199,33

Bank D:
= 30000 + 16200 = 46200
= 46200 + 36 = 1283.33

The amount due every month to the bank D is PhP 1283.33

Bank E:
= 30000 + 13500 = 43500
= 43500 + 36 = 1201.33

The amount due every month to the bank E is PhP 1208.33

How muchinterest would you pay for 3 years for each bank offer?

Bank A: The interest he would pay for 3 years is PIP 14,040.

Bank B: The interest he would pay for 3 years is PHP 20,412.
Bank C. The interest he would pay for 3 years is POP 13,176.
Bank D: The imeret he would pay for 3 years is PhP 16,200
Bank E: The interest he would pay for 3 years is PhP 13,500.

Which is the best option for you among the given choices below If you are to pay monthly for
3 years?

- Bank C is the most advantageous of the available options. Because lang C has the highest interest
rate of all the banks, even if it has the lowest monthly payment, it is the best choice.