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WRITTEN WORKS: WRITE YOUR ANSWERS ON A SEPARATE SHEET/S OF PAPER. ACTIVITY


Directions: Read and understand each item carefully. Determine whether the given situations represent simple annuity or general annuity. Use separate sheet/s of paper for your answer.

1. Monthly payments of P1000 where interest is 6% compounded monthly

2. Amount of an annuity of P400 every 3 months ( 1 year ) for 10 years if interest is 8% compounded annually

3. Monthly rent on an apartment is P950 per month payable at the beginning of each month


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Sagot :

Delossantosalex2005go

Answer:

1,940 on the first month

Multiple the monthly payments to interest by two decimal point (6%=.06)

(1000x.06=60) add negative to sixty to made the results a non-negative (-60 -1000=940)

2, 960 pesos

400 pesos x 0.08%=32 pesos

32 pesos x 3months=96 pesos

96 pesos x 10 years=960 pesos

Step-by-step explanation:

Diko papo alam ung number 3 ala papo akong sagot hehe

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