Activity 3: Test Your Knowledge: 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 ofP 95 000 if the loan is given at a rate of 15% and is due in 3 years. 2. nd 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 l' 100 000 at 8% compounded annually. How much will be be paying after 2 years? 4. The simple interest ofan investment is l' 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 i2% compounded annually. Find the present value. Now that you can identify simple interest and compound interest. you are ready to perform the next activity. Activity 1: Show Me your Internet: 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 ease. Note: See page 17 for the rubrics in judging your output Activity 2: What do You Think? For critical thinking skills. prepare the computation of each plan offered by the company so that if you are Leah. you can be able to decide correctly. What will be your decision than ifyou 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 I'30 000 invested for ve years? Note: See page 17 for the rubrics in judging your output. Ruhr-[es for scoring the output for activity 1(Deepen) Proposed Computation Text Focus demonstrate full understanding of the picture Students provide a complete and accurate description of the key subject matter and elements seen in demonstrate mu understanding of the situation as evident in the complete and correct computation Students provide a complete and accurate description of the decision was taken from the proposed plan. Students demonstrate partial understanding of the picture Students provide a partial but mostly accurate description of the key subject matter and elements seen in the IIhotocov. Students demonstrate partial understanding of the situation as evident in the complete and with few incorrect Iutation Students provide a partial but mostly accurate description of the decision was taken from the proposed plan. demonstrate unclear and inaccurate understanding of the down: Students provide an incomplete, unclear and inaccurate description of the key subject matter and elements seen in the Ihotocow. demonstrate unclear and inaccurate understanding of the situation as evident in the incomplete and lots of incorrect Iutation Students provide an incomplete. unclear and inaccurate description of the decision was