Question: PART 2: PROBLEM SOLVING (25 Marks) Direction: Read, understand and solve the following questions. (5x5=25 Marks) 1. If BD 30000 is invested on May 7,

PART 2: PROBLEM SOLVING (25 Marks)

Direction: Read, understand and solve the following questions. (5x5=25 Marks)

1. If BD 30000 is invested on May 7, 2022 to September 20, 2022 at 8% interest find the maturity value if it was compounded annually.

2. Predict how long it will take BD 500 to accumulate to 15000 if the interest is 2% compounded monthly.

3. Khalid wants to have BD 15000 in his account by the end of 10 years and 6 months. How much should he invest today as interest if the bank paying 4% semi-annually?

4. Decide at what rate compounded quarterly will BD 1000 become BD 7000 for 12 years?

5. Compute the compound Interest if BD 3000 is invested at 3% compounded daily for 180 days.

Rubrics:

5 Marks	Choosing the correct formula, Clear and Correct steps and final answer
4 Marks	Clear and Correct steps with wrong final answer
3 Marks	Choosing the correct formula with Clear steps
2Marks	Choosing the correct formula with incomplete steps
1 Mark	Choosing the correct formula or Correct final answer
0 Mark	Wrong choosing of formula, wrong steps

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