Question: User: 1.A lot owner bought a piece of land for ₱500,000. The value of the land appreciates by 8% every year. What will be the value of the land after 5 years?
Php 680, 244
Php 200, 000
Php 2, 000, 000
Other:
2.Acosta invested ₱30,000 to PNB that grows 3% compounded interest every year.
How much will his money be after 2 years?
Php 1800
Php 31, 827
Php 18, 000
Other:
3. You borrowed Php 25,000 from a local credit cooperative to expand your sari-sari store. The cooperative charges a 5% simple interest rate per year.
How much is the total payment after 3 years?
Php 3,750
Php 28,750
Php 375,000
Other:
What is the importance of learning about sequence and series? (Write 2-3 sentences)
Your answer
Graph/shapes: none visible; math is a simple-interest word problem located at top-left to center.can u help me to solve this like one by one?
1. **Problem 1: Land value appreciation**
A lot owner bought a piece of land for $500,000$. The value appreciates by $8\%$ every year. We want to find the value after $5$ years.
2. **Formula used:** Compound interest formula for appreciation:
$$ A = P \left(1 + \frac{r}{100}\right)^n $$
where $A$ is the amount after $n$ years, $P$ is the principal (initial value), $r$ is the rate of appreciation, and $n$ is the number of years.
3. **Substitute values:**
$$ A = 500,000 \left(1 + \frac{8}{100}\right)^5 = 500,000 \times (1.08)^5 $$
4. **Calculate $(1.08)^5$:**
$$ (1.08)^5 = 1.469328 $$
5. **Calculate final value:**
$$ A = 500,000 \times 1.469328 = 734,664 $$
So, the value of the land after 5 years is approximately $734,664$.
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6. **Problem 2: Compound interest investment**
Acosta invested $30,000$ at $3\%$ compounded interest per year. Find the amount after $2$ years.
7. **Formula:** Same compound interest formula:
$$ A = P \left(1 + \frac{r}{100}\right)^n $$
8. **Substitute values:**
$$ A = 30,000 \times (1 + \frac{3}{100})^2 = 30,000 \times (1.03)^2 $$
9. **Calculate $(1.03)^2$:**
$$ (1.03)^2 = 1.0609 $$
10. **Calculate final amount:**
$$ A = 30,000 \times 1.0609 = 31,827 $$
So, the amount after 2 years is $31,827$.
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11. **Problem 3: Simple interest loan**
You borrowed $25,000$ at $5\%$ simple interest per year. Find the total payment after $3$ years.
12. **Formula for simple interest:**
$$ I = P \times \frac{r}{100} \times t $$
where $I$ is interest, $P$ is principal, $r$ is rate, and $t$ is time in years.
13. **Calculate interest:**
$$ I = 25,000 \times \frac{5}{100} \times 3 = 25,000 \times 0.05 \times 3 = 3,750 $$
14. **Total payment:**
$$ \text{Total} = P + I = 25,000 + 3,750 = 28,750 $$
So, the total payment after 3 years is $28,750$.
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**Final answers:**
1. Land value after 5 years: $734,664$ (not listed in options, so "Other")
2. Investment after 2 years: $31,827$
3. Total payment after 3 years: $28,750$