BUSINESS MATH QUIZ BEE

Jonathan is a working student who works in a café after class. His schedule consists of a 5-hour shift, and he earns 350 pesos per hour, How much does Jonathan earn in 5 hours?

If Jonathan’s schedule consists of a 5-hour shift, and he earns 350 pesos per hour, how much does he earn in a week?

If Aliyah is looking for the present value, what formula will she choose?

The best definition of Simple and Compound Interest.

• Simple is computed on the principal and added to it.

• Compound is computed on the principal & accumulated past interests.

Jana gets compensated for her work every 2 weeks; that is, every 2 weeks she is paid a fixed salary of Php 13,450 for her services. Determine her weekly salary.

Identify the future value of an annuity consisting of a yearly deposit of Php23,000 made at the end of each year for 13 years at 6.5% compounded annually.

Janella wants to obtain the accumulated value from ₱100,000.00 after four years under the arrangement: Simple Interest at a rate of 5% per annum.

What is the present value of an annuity consisting of a yearly deposit of Php50,500 made at the end of each year for 15 years at 12.5% compounded semiannually.

Shaira is paid Php 3,250.60 per hour. Her regular days of work are from Tuesday to Sunday. Assuming that she worked 8 hours from Tuesday to Thursday, and 6 hours from Friday to Sunday, determine the amount she received in wages for the entire week.

Buhay is paid Php 53,419.80 per hour. He works 5 times a week, 9 hours daily. Determine the amount he received in wages for the entire week.