Assessment: A. Match Column A to its correct definitions in Column B. Column A Column B 1. Maturity Value a. Length of time money is borrowed or invested b. The amount of investment or loan 2. Simple Interest after a particular term c. Computed by multiplying the 3. Principal principal to interest rate and to time d. Percentage of increase of the 4. Interest Rate investment e. Amount of money borrowed or 5. Term invested on the origin date. B. Solve the following problems. 1. What are the amount of interest and maturity value of a loan worth P180,000 at 8 12% simple interest for 24 months? 2. At what simple interest rate per annum will P20,000 accumulate to P25,000 in 3 years? 3. How long will P50,000 gain P15,000 if the simple interest rate is at 15% per annum? 4. The total amount paid on a GSIS loan is P41,500. If the loan was paid within 30 months at 6 14 % simple interest, what was the original loan? 5. In how many years will P15,000 double itself at the rate of 10% simple interest?3. As a reward, Jobelle received two offers from her company. A single cash payment of P400,000 today, or a quarterly payment of P10,000 for 10 years. If the money can she will receive can be invested at 7.5% per year compounded annually, which offer would you think Jobelle should accept?Activity 1. Complete the table by solving for the unknown principal, rate, time, simple interest, and future value. 1,000 3% 10,000 2.5% 1250 75,000 8 3000 0.25% 10 5,500 1,500,0904% is tar 20 Here's what we can do. (Application) In time of uncertainties and different crisis that we encounter in this world, it important to have savings and emergency fund as a backup plan. We never kno when tragedy will strike us that is why saving money is essential and it is a goo habit to have. You may be thinking now how you can open a bank account. Visit local bank or any financial institution to obtain information concerning the differe accounts they offer. Some banks offer a savings account for students with minim to no maintaining balance. It's easy to open an account, so start saving now