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Ruby is planning to borrow money amounting to ₱ 250,000.00. China Bank is offering 1.25% compounded semi – annually, while East west Bank offers 1% compounded monthly.

For numbers 1- 5, use the situation above.


1. How much will be the maturity value after 5 years if he borrows from China Bank? *

ROUND OFF INTO 2 DECIMAL PLACES. EX: 1,234.56


2. How much will be the maturity value after 5 years if he borrows from East west Bank? *

ROUND OFF INTO 2 DECIMAL PLACES. EX: 1,234.56


3. What will be the interest after 5 years if he borrows from China Bank? *

ROUND OFF INTO 2 DECIMAL PLACES. EX: 1,234.56


4. What will be the interest after 5 years if he borrows from East west Bank? *

ROUND OFF INTO 2 DECIMAL PLACES. EX: 1,234.56


5. Which bank offers the smaller interest? *

ROUND OFF INTO 2 DECIMAL PLACES. EX: 1,234.56