Group 6 2T1 Performance Task (South Korean Won) by https://padlet.com/lam_chen_peng/2T1_Group_6 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 04:56:54 UTC 2023-03-26 13:03:12 UTC hello@padlet.com https://padlet-assets.s3.amazonaws.com/icons/Doubleheart.png lam_chen_peng https://padlet.com/lam_chen_peng/2T1_Group_6/wish/258193500 2018-05-05 04:56:54 UTC https://padlet.com/lam_chen_peng/2T1_Group_6/wish/258193500 lam_chen_peng https://padlet.com/lam_chen_peng/2T1_Group_6/wish/258193501 2018-05-05 04:56:54 UTC https://padlet.com/lam_chen_peng/2T1_Group_6/wish/258193501 lam_chen_peng https://padlet.com/lam_chen_peng/2T1_Group_6/wish/258193502 2018-05-05 04:56:54 UTC https://padlet.com/lam_chen_peng/2T1_Group_6/wish/258193502 lam_chen_peng https://padlet.com/lam_chen_peng/2T1_Group_6/wish/258193504 2018-05-05 04:56:54 UTC https://padlet.com/lam_chen_peng/2T1_Group_6/wish/258193504 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_6/wish/258193505 Show your workings below:
Step 1. Loan Repayment period is 3 years = XXX months

Step 2. Total amount of loan including interest = 

Step 3. Monthly instalment amount =

]]> 2018-05-05 04:56:54 UTC https://padlet.com/lam_chen_peng/2T1_Group_6/wish/258193505 Option 1: Bank ALI lam_chen_peng https://padlet.com/lam_chen_peng/2T1_Group_6/wish/258193506 5% Simple Interest
Work out how much you need to repay at the end of 3 years.
Show your workings below:Interest = prn


]]> 2018-05-05 04:56:54 UTC https://padlet.com/lam_chen_peng/2T1_Group_6/wish/258193506 Option 2: Bank BABA lam_chen_peng https://padlet.com/lam_chen_peng/2T1_Group_6/wish/258193507 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


]]> 2018-05-05 04:56:54 UTC https://padlet.com/lam_chen_peng/2T1_Group_6/wish/258193507 Which bank gives us a better deal? and by how much? lam_chen_peng https://padlet.com/lam_chen_peng/2T1_Group_6/wish/258193508 Bank XXX by $YYY]]> 2018-05-05 04:56:54 UTC https://padlet.com/lam_chen_peng/2T1_Group_6/wish/258193508 lam_chen_peng https://padlet.com/lam_chen_peng/2T1_Group_6/wish/258193509 1. Firstly, we need to calculate how much to sell our Nasi Lemak dishes overseas.
Let's look at an example below]]> 2018-05-05 04:56:54 UTC https://padlet.com/lam_chen_peng/2T1_Group_6/wish/258193509 2. Your turn to calculate the prices of your Nasi Lemak dishes in foreign currency. Enter your calculation into the Google slides below. lam_chen_peng https://padlet.com/lam_chen_peng/2T1_Group_6/wish/258193510 Your Turn
Show your currency conversion below. Click and work on the Google PowerPoint slide.]]> 2018-05-05 04:56:54 UTC https://padlet.com/lam_chen_peng/2T1_Group_6/wish/258193510 lam_chen_peng https://padlet.com/lam_chen_peng/2T1_Group_6/wish/258193511 1. Your group will need to change 350,000 KRW for the recce trip. How much will that be in Singapore dollars (S$)? Give your answers correct to 2 decimal places.]]> 2018-05-05 04:56:54 UTC https://padlet.com/lam_chen_peng/2T1_Group_6/wish/258193511 Show your workings here lam_chen_peng https://padlet.com/lam_chen_peng/2T1_Group_6/wish/258193512 350000 / 433.51]]> 2018-05-05 04:56:54 UTC https://padlet.com/lam_chen_peng/2T1_Group_6/wish/258193512