Math Problem Statement
Solution
To solve these problems, we can use different compound and simple interest formulas. Let's address each question:
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Accumulated Value of ₱10,000:
- Years 1-2: compounded annually.
- Years 3-4: compounded quarterly.
- Years 5-7: compounded monthly.
- Years 8-10: compounded semi-annually.
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Simple Interest for Peter:
- Calculate how much he will have with simple interest from December 1, 2022, to June 1, 2025.
- Duration = 2 years + 6 months = 2.5 years.
- Calculate how much time in years: .
For compound interest: Solve for using equality of simple and compound interest accumulations.
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Effective Rate for Mr. Chan:
- Given: principal , amount , time = 5.5 years. Solve for , and then calculate the effective annual rate (EAR):
Calculations for exact numerical answers need additional processing.
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Math Problem Analysis
Mathematical Concepts
Compound Interest
Simple Interest
Effective Annual Rate
Financial Calculations
Formulas
A = P * (1 + r/n)^(nt)
A = P * (1 + r * t)
A = P * (1 + r/4)^(4 * t)
EAR = (1 + r/12)^12 - 1
Theorems
Compound Interest Theorem
Simple Interest Theorem
Suitable Grade Level
Grades 11-12
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