https://file.aiquickdraw.com/mathbot/file/1727917317192cdkocrd9.jpg

Here are the financial scenarios from the image:

2. **Father's Car Loan**: Your father obtained a car loan payable in a lump sum over five years for ₱800,000, with an annual interest rate of 15%.

3. **Sister's Savings**: Your sister placed her graduation gifts in a special savings account with an interest rate of 2% for eight months, expecting to receive ₱25,000 by the end.

4. **Brother's Loan for a Mobile Phone**: Your brother borrowed money from a neighbor to buy a new mobile phone. The loan, at 11% interest, is payable in three years, with a total amount of ₱7,000.

5. **Your Savings**: You deposited your savings in a time deposit account earning 1.5% per annum. The account matures in six months, and you expect to receive ₱5,000 by the end of the term.

Would you like help solving any of these scenarios?

Here are 5 related questions:
1. How can you calculate the total interest paid on your father's loan over five years?
2. What would be the initial amount your sister deposited to get ₱25,000 after eight months?
3. How much interest will your brother pay on the loan over three years?
4. What is the principal amount deposited in your savings account if the final amount is ₱5,000 after six months?
5. How would changes in interest rates impact the final amount in these scenarios?

**Tip**: For compound interest problems, it's important to distinguish between simple interest and compound interest calculations to get accurate results.

Your father obtained a car loan for ₱800,000, your sister saved ₱25,000 with 2% interest for 8 months, your brother borrowed ₱7,000 with 11% interest, and you deposited money with a 1.5% return.

Explore financial scenarios, including a car loan at 15% for ₱800,000, savings with 2% interest for ₱25,000, a loan with 11% interest, and a time deposit earning 1.5%. Learn the relevant math concepts, such as simple interest and compound interest calculations.

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