https://file.aiquickdraw.com/mathbot/file/1727917633859mi50i229.jpg

I can see the math-related word problems in the image. Let's go through each one and clarify what is being asked.

### Problem 2:
Your father obtained a car loan of ₱800,000 payable over five years with an annual interest rate of 15%. The question likely involves calculating the interest or the total amount paid over five years.

### Problem 3:
Your sister placed her graduation gifts in a savings account with an interest rate of 2% for eight months. She expects to get ₱25,000 after this period. This could involve calculating the original amount deposited or validating the expected amount based on the interest rate and time.

### Problem 4:
Your brother borrowed money to buy a new mobile phone. He was charged 11% interest for three years on ₱7,000. The question would involve determining the total amount repayable after the interest is applied.

### Problem 5:
You deposited savings in a time deposit account with a 1.5% annual interest rate for six months and expect to get ₱5,000 at the end of the term. This might involve calculating the initial deposit amount based on the expected final value.

Would you like me to solve one of these problems in detail? If so, please specify which one you'd like to begin with.

Here are some related questions:
1. How do you calculate interest for different time periods, such as 8 months or 6 months?
2. What formula is used to calculate the future value of a loan with a given interest rate?
3. How is compound interest different from simple interest?
4. How would early repayment of a loan affect the interest payable?
5. What are common methods for reducing interest costs over the life of a loan?

**Tip**: Always double-check whether the interest rate is annual or based on a different time period before doing your calculations!

Your father obtained a car loan payable in a lump sum for five years at a total amount of ₱800,000 with an annual rate of 15%. Your sister placed her graduation gifts in a special savings account that provides an interest of 2% for eight months. Your brother borrowed from your neighbor to buy a new mobile phone. The neighbor charged 11% for the borrowed amount payable after three years at a total amount of ₱7,000. You deposited your savings from your daily allowance in a time deposit account with your savings bank at a rate of 1.5% per annum. This will mature in six months and you expect to get ₱5,000 at the end of the term.

This page covers how to calculate interest on a car loan of ₱800,000 at a 15% annual rate for five years, a savings deposit with a 2% interest rate for eight months, and a loan borrowed with 11% interest for three years. Learn how to apply simple interest formulas and calculate final repayment amounts.

Math Problem Statement

Solution

Ask a new question for Free

By Image

Math Problem Analysis

Mathematical Concepts

Formulas

Theorems

Suitable Grade Level

Related Recommendation