Question: Performance Task 1 - Simple and Compound Interest Name of Learner: Grado, Strand & Section: Date: Subject Teacher: Direction: Choose the best answer from the

Performance Task 1 - Simple and Compound Interest Name of Learner:

Performance Task 1 - Simple and Compound Interest Name of Learner: Grado, Strand & Section: Date: Subject Teacher: Direction: Choose the best answer from the three options given. Show your solutions and/or write your justification legibly on a piece of paper. Word Problem Kirito is planning to invest his retirement benefit amounting to Php 1,500.000. He was given 3 options on where to invest his money. Help Kirito decide on which bank cooperative will yield him the greatest amount after 5 years. Show solutions. A. Knights of the Blood Oath Bank - 5% annual simple interest B. Moonlit Black Cats Bank - 3% compounded quarterly C. Aincrad Liberation Force Cooperative - 1% compounded monthly

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