Answer the following problems on simple and compound interest by following the step by step procedure as shown in the examples. 1. Find the simple interest on a loan of P 95 000 if the loan is given at a rate of 15% and is due in 3 years. 2. Find the future value and the compound interest if P 50 000 is compounded annually at an interest rate of 2% in 5 years 3. Peter borrowed P 100 000 at 8% compounded annually. How much will be he paying after 2 years? 4. The simple interest of an investment is P 4 500. Find the present value if the interest rate is 5% annually for 5 years 5. Lorna will receive P 21 500 from her investment after 10 years at 12% compounded annually. Find the present value. Deepen Now that you can identify simple interest and compound interest, you are ready to perform the next activity. Activity 1: Show Me your Interest: Ask the help of a family member or a neighbor who experience borrowing or investing any amount which earns or yields an interest. Borrow and photocopy any proof or documents showing their cases. Paste the photocopy in the box below. Make an explanation regarding the document to identify if it is a simple interest case or compound interest case. Activity 2: What do You Think? For critical thinking skills, prepare the computation of cach plan offered by the company so that if you are Leah, you can be able to decide correctly. What will be your decision then if you are in Leah's shoes? Leah wants to invest for an educational plan for her kids. Company A offers an educational plan with a rate of 5.3% simple interest, while Company B offers the same plan with a rate of 5% compounded annually. Which company will give more compensation for a payment of P30 000 invested for five years? Rubrics for scoring the output for activity 1(Deepen) 3 points 2 points Evaluation Method Picture Focus Text Focus TOTAL POINTS Evaluation Method Proposed Computation Text Focus Students demonstrate full understanding of the picture TOTAL POINTS Students provide a complete and accurate description of the key subject matter and clements seen in the photocopy. Rubrics for scoring the output in activity 2 (Deepen) 3 points 2 points Students demonstrate full understanding of the situation as evident in the complete and correct computation Students provide a complete and accurate Students demonstrate partial understanding of the picture description of the decision was taken from the proposed plan. Students provide a partial but mostly accurate description of the key subject matter and clements seen in the photocopy. I point Students demonstrate unclear and inaccurate understanding of the picture Students provide an incomplete, unclear and inaccurate description of the key subject matter and clements scon in the photocopy. Students demonstrate partial understanding of the situation as evident in the complete and with few incorrect computation Students provide a partial but mostly accurate description of the decision was taken from the proposed plan. 1 point Students demonstrate unclear and inaccurate understanding of the situation as evident in the incomplete and lots of incorrect computation Students provide an incomplete, unclear and inaccurate description of the decision was taken from the proposed plan. Score Score