Group 10 2T1 Performance Task (India Rupee) by https://padlet.com/lam_chen_peng/2T1_Group_10 Our Pala Pala Stall. This activity provides students with the opportunity to use their mathematical and financial knowledge to travel to other countries in the world for their business idea. en-us 2018-05-05 05:07:34 UTC 2023-06-02 04:55:07 UTC hello@padlet.com https://padlet-assets.s3.amazonaws.com/icons/Doubleheart.png lam_chen_peng https://padlet.com/lam_chen_peng/2T1_Group_10/wish/258193873 1. Your group will need to change 22,000 INR for the recce trip. How much will that be in Singapore dollars (S$)? Give your answers correct to 2 decimal places.]]> 2018-05-05 05:07:34 UTC https://padlet.com/lam_chen_peng/2T1_Group_10/wish/258193873 Show your workings here lam_chen_peng https://padlet.com/lam_chen_peng/2T1_Group_10/wish/258193874 22000 Divide by 50=$440]]> 2018-05-05 05:07:34 UTC https://padlet.com/lam_chen_peng/2T1_Group_10/wish/258193874 lam_chen_peng https://padlet.com/lam_chen_peng/2T1_Group_10/wish/258193875 2018-05-05 05:07:34 UTC https://padlet.com/lam_chen_peng/2T1_Group_10/wish/258193875 lam_chen_peng https://padlet.com/lam_chen_peng/2T1_Group_10/wish/258193876 2018-05-05 05:07:34 UTC https://padlet.com/lam_chen_peng/2T1_Group_10/wish/258193876 lam_chen_peng https://padlet.com/lam_chen_peng/2T1_Group_10/wish/258193877 2018-05-05 05:07:34 UTC https://padlet.com/lam_chen_peng/2T1_Group_10/wish/258193877 lam_chen_peng https://padlet.com/lam_chen_peng/2T1_Group_10/wish/258193878 2018-05-05 05:07:34 UTC https://padlet.com/lam_chen_peng/2T1_Group_10/wish/258193878 lam_chen_peng https://padlet.com/lam_chen_peng/2T1_Group_10/wish/258193879 2018-05-05 05:07:34 UTC https://padlet.com/lam_chen_peng/2T1_Group_10/wish/258193879 Based on the bank you have chosen in Task 2, calculate how much we need to pay back the bank per month for the S$15,000 loan. lam_chen_peng https://padlet.com/lam_chen_peng/2T1_Group_10/wish/258193880 Show your workings below:
Step 1. Loan Repayment period is 3 years = 36 months

Step 2. Total amount of loan including interest = 

Step 3. Monthly instalment amount =

]]> 2018-05-05 05:07:34 UTC https://padlet.com/lam_chen_peng/2T1_Group_10/wish/258193880 Option 1: Bank ALI lam_chen_peng https://padlet.com/lam_chen_peng/2T1_Group_10/wish/258193881 5% Simple Interest
Work out how much you need to repay at the end of 3 years.
Show your workings below:Interest = 15000x`5x3
= 15000x5x3 divide by 100
= $2250INR
total amt:$2250+15000=$17250

]]> 2018-05-05 05:07:34 UTC https://padlet.com/lam_chen_peng/2T1_Group_10/wish/258193881 Option 2: Bank BABA lam_chen_peng https://padlet.com/lam_chen_peng/2T1_Group_10/wish/258193883 4.5% Compound Interest
Work out how much you need to repay at the end of 3 years.
Show your workings below:Accumulated Amount = P(1 + r/100)n
=$15000(1+4.5 divide by 100)3
=$17117.49INR

]]> 2018-05-05 05:07:34 UTC https://padlet.com/lam_chen_peng/2T1_Group_10/wish/258193883 Which bank gives us a better deal? and by how much? lam_chen_peng https://padlet.com/lam_chen_peng/2T1_Group_10/wish/258193884 Bank XXX by $YYY
$17250-$17117.49=$132.51
Answer:bank Ali by $132.51]]> 2018-05-05 05:07:34 UTC https://padlet.com/lam_chen_peng/2T1_Group_10/wish/258193884 lam_chen_peng https://padlet.com/lam_chen_peng/2T1_Group_10/wish/258193885 1. Firstly, we need to calculate how much to sell our Nasi Lemak dishes overseas.
Let's look at an example below]]> 2018-05-05 05:07:34 UTC https://padlet.com/lam_chen_peng/2T1_Group_10/wish/258193885 2. Your turn to calculate the prices of your Nasi Lemak dishes in foreign currency. Enter your calculation into the Google slides below. lam_chen_peng https://padlet.com/lam_chen_peng/2T1_Group_10/wish/258193886 Your Turn
Show your currency conversion below. Click and work on the Google PowerPoint slide.]]> 2018-05-05 05:07:34 UTC https://padlet.com/lam_chen_peng/2T1_Group_10/wish/258193886