Group 11 2T1 Performance Task (India Rupee) by

Group 11 2T1 Performance Task (India Rupee) by https://padlet.com/lam_chen_peng/2T1_Group_11 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 06:41:38 UTC 2024-05-09 07:59:38 UTC hello@padlet.com https://padlet-assets.s3.amazonaws.com/icons/Doubleheart.png lam_chen_peng https://padlet.com/lam_chen_peng/2T1_Group_11/wish/258196712 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 06:41:38 UTC https://padlet.com/lam_chen_peng/2T1_Group_11/wish/258196712 Show your workings here lam_chen_peng https://padlet.com/lam_chen_peng/2T1_Group_11/wish/258196713 22000 DIVIDE BY 50 = S$440]]> 2018-05-05 06:41:38 UTC https://padlet.com/lam_chen_peng/2T1_Group_11/wish/258196713 lam_chen_peng https://padlet.com/lam_chen_peng/2T1_Group_11/wish/258196714 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 06:41:38 UTC https://padlet.com/lam_chen_peng/2T1_Group_11/wish/258196714 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_11/wish/258196715 Your Turn
Show your currency conversion below. Click and work on the Google PowerPoint slide.]]> 2018-05-05 06:41:38 UTC https://padlet.com/lam_chen_peng/2T1_Group_11/wish/258196715 Option 1: Bank LAIJIJING JOSEPHLAI lam_chen_peng https://padlet.com/lam_chen_peng/2T1_Group_11/wish/258196716 5% Simple Interest
Work out how much you need to repay at the end of 3 years.
Show your workings below:Interest = prn

INTEREST = 15000X5X3/100=S$2250

]]> 2018-05-05 06:41:38 UTC https://padlet.com/lam_chen_peng/2T1_Group_11/wish/258196716 Option 2: Bank VITAS lam_chen_peng https://padlet.com/lam_chen_peng/2T1_Group_11/wish/258196717 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
17117.5-15000=S$2117.50

]]> 2018-05-05 06:41:38 UTC https://padlet.com/lam_chen_peng/2T1_Group_11/wish/258196717 Which bank gives us a better deal? and by how much? lam_chen_peng https://padlet.com/lam_chen_peng/2T1_Group_11/wish/258196718 Bank XXX by $YYY
Bank BABA is better by
Difference = S$2250-S$2117.50=S132.50

]]> 2018-05-05 06:41:38 UTC https://padlet.com/lam_chen_peng/2T1_Group_11/wish/258196718 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_11/wish/258196719 Show your workings below:
Step 1. Loan Repayment period is 3 years = XXX months
S$12x3=36

Step 2. Total amount of loan including interest = 15000+2117.50 =S$17117.50

Step 3. Monthly instalment amount =S$17117.50/36=S$475.50

]]> 2018-05-05 06:41:38 UTC https://padlet.com/lam_chen_peng/2T1_Group_11/wish/258196719 lam_chen_peng https://padlet.com/lam_chen_peng/2T1_Group_11/wish/258196720 2018-05-05 06:41:38 UTC https://padlet.com/lam_chen_peng/2T1_Group_11/wish/258196720 lam_chen_peng https://padlet.com/lam_chen_peng/2T1_Group_11/wish/258196721 2018-05-05 06:41:38 UTC https://padlet.com/lam_chen_peng/2T1_Group_11/wish/258196721 lam_chen_peng https://padlet.com/lam_chen_peng/2T1_Group_11/wish/258196724 2018-05-05 06:41:38 UTC https://padlet.com/lam_chen_peng/2T1_Group_11/wish/258196724 https://padlet.com/lam_chen_peng/2T1_Group_11/wish/259132555 2018-05-09 01:56:52 UTC https://padlet.com/lam_chen_peng/2T1_Group_11/wish/259132555