Group 5 2T1 Performance Task (South Korean Won) by https://padlet.com/lam_chen_peng/2T1_Group_5 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 04:54:47 UTC 2024-06-02 20:41:39 UTC hello@padlet.com https://padlet-assets.s3.amazonaws.com/icons/Doubleheart.png lam_chen_peng https://padlet.com/lam_chen_peng/2T1_Group_5/wish/258193418 1. Your group will need to change 350,000 KRW for the recce trip. How much will that be in Singapore dollars (S$)? Give your answers correct to 2 decimal places.]]> 2018-05-05 04:54:47 UTC https://padlet.com/lam_chen_peng/2T1_Group_5/wish/258193418 Show your workings here lam_chen_peng https://padlet.com/lam_chen_peng/2T1_Group_5/wish/258193419 350000/805 =$434.78]]> 2018-05-05 04:54:47 UTC https://padlet.com/lam_chen_peng/2T1_Group_5/wish/258193419 lam_chen_peng https://padlet.com/lam_chen_peng/2T1_Group_5/wish/258193420 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 04:54:47 UTC https://padlet.com/lam_chen_peng/2T1_Group_5/wish/258193420 Option 1: Bank ALI lam_chen_peng https://padlet.com/lam_chen_peng/2T1_Group_5/wish/258193422 5% Simple Interest
Work out how much you need to repay at the end of 3 years.
Show your workings below:Interest = prn
15000 x 3 x 5 over 100 = $2250

]]> 2018-05-05 04:54:47 UTC https://padlet.com/lam_chen_peng/2T1_Group_5/wish/258193422 Option 2: Bank BABA lam_chen_peng https://padlet.com/lam_chen_peng/2T1_Group_5/wish/258193423 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+4.5/100)3 =
$17117.50

]]> 2018-05-05 04:54:47 UTC https://padlet.com/lam_chen_peng/2T1_Group_5/wish/258193423 Which bank gives us a better deal? and by how much? lam_chen_peng https://padlet.com/lam_chen_peng/2T1_Group_5/wish/258193424 Bank Ali  by $14867.50]]> 2018-05-05 04:54:47 UTC https://padlet.com/lam_chen_peng/2T1_Group_5/wish/258193424 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_5/wish/258193425 Show your workings below:
Step 1. Loan Repayment period is 3 years =36 months

Step 2. Total amount of loan including interest = 
15000+2250 =$17250
Step 3. Monthly instalment amount =
$17250/36 = $479.17]]> 2018-05-05 04:54:47 UTC https://padlet.com/lam_chen_peng/2T1_Group_5/wish/258193425 lam_chen_peng https://padlet.com/lam_chen_peng/2T1_Group_5/wish/258193428 2018-05-05 04:54:47 UTC https://padlet.com/lam_chen_peng/2T1_Group_5/wish/258193428 lam_chen_peng https://padlet.com/lam_chen_peng/2T1_Group_5/wish/258193430 2018-05-05 04:54:47 UTC https://padlet.com/lam_chen_peng/2T1_Group_5/wish/258193430 https://padlet.com/lam_chen_peng/2T1_Group_5/wish/259133556 meth]]> 2018-05-09 02:04:13 UTC https://padlet.com/lam_chen_peng/2T1_Group_5/wish/259133556 https://padlet.com/lam_chen_peng/2T1_Group_5/wish/259134717 2018-05-09 02:11:05 UTC https://padlet.com/lam_chen_peng/2T1_Group_5/wish/259134717 https://padlet.com/lam_chen_peng/2T1_Group_5/wish/269370942 2018-07-04 11:19:07 UTC https://padlet.com/lam_chen_peng/2T1_Group_5/wish/269370942