Module in Math in The Modern World - Revised
Module in Math in The Modern World - Revised
“WE sense that ‘normal’ isn’t coming back, that we are being born into a new normal: a
new kind of society, a new relationship to the earth, a new experience of being human.”
— Charles Eisenstein
What has become ‘normal’? The lockdowns, quarantines, masks, washing hands,
taking vitamins and nutrient-rich food to nurture health, covering a coughing mouth and
sneezing nose, physical distancing, and the omnipresent support technology are a
“must” to continue for a lifetime. The temporary shift to distance schooling can be a
time for students , for both parents and teachers to reshape their understanding of what
learning can be and it does mean that learning is unstoppable.
In this course you will learn to deal with nature of mathematics, appreciation of its
practical, intellectual, and aesthetics dimension, and application of mathematical tools
in daily life. The course begins with an introduction to the nature of mathematics as an
exploration of patterns (in nature and the environment) and as an application of
inductive and deductive reasoning. By exploring the topics, you are encouraged to go
beyond the typical understanding of mathematics as merely a set of formulas but as a
source of aesthetics in patterns of nature, for example, and rich language in itself ( and
of science ) governed by logic and reasoning.
The course then proceeds to survey ways in which mathematics provides a tool for
understanding and dealing with various aspects of present day living, such as managing
personal finances, making social choices, appreciating geometric designs,
understanding codes used in data transmission and security, and dividing limited
resources fairly. These aspects will provide opportunities for actually doing mathematics
in a broad range of exercises that bring out the various dimensions of mathematics as a
way of knowing, and test the students’ understanding and capacity.
This module that you will use in this course has the 5E format and based from the
course syllabus. It is your responsibility to ensure that you will accomplish all required
readings and activities to help you demonstrate the above cited course learning
outcomes.
Table of Contents
a. Variables…………………………………………………………….…….…12
b. The Language of Sets………………………………………………….….13
c. The Language of Relations and Functions……………………………16
• Module 2: Problem Solving and Statistics
Unit 3: Problem Solving
Unit 4- Statistics
Unit 5: Logic
Module 1
Course: Mathematics in the Modern World
Unit No. 1
Topic: Nature of Mathematics
Score:
Name:
Year & Section:
Date:
In this chapter, we will be looking at patterns and regularities in the world, and
how mathematics comes into play, both in nature and in human endeavors.
Learning Objectives:
At the end of the lesson, you should be able to:
1. Understand the meaning of pattern.
2. Learn to identify patterns in a given example.
3. Enumerate the different types of symmetry.
4. Appreciates the Fibonacci Sequence in the natural environment
5.Understands the essence of the variables
6. Learns how to identify sets
7. Appreciates Relation and Function in real life situations.
CONTENT
PATTERNS
Solution:
2. Checking the length of the lines inside the square it follows a decreasing trend
3. Finally, looking at the number of lines inside the box, each succeeding figure has the
number of lines increase by 1.
Conclusion:
A B
Solution:
Looking at the given numbers, the sequence is increasing, with each term being two
more than the previous term: 3= 1 + 2; 5= 3+2; 7= 5 + 2; 9 = 7+2. Therefore, the next term
should be 11 = 9+2.
TRY THIS !
Final Thoughts:
Patterns indicate a sense of structure and organization that it seems only humans are
capable of producing these intricate, creative, and amazing formations. It is from this
perspective that some people see an “intelligent design” in the way that nature forms.
Learning Objectives:
At the end of the lesson, you should be able to:
1. define and identify fibonacci sequence;
2. solve for the next term in the sequence:
3. relate the Fibonacci sequence in real life.
SEQUENCE
❑ Is an ordered list of numbers, called terms, that may have repeated values. The
arrangement of this set is through a definite rule.
Analyze the given sequence for its rule and identify the next three terms.
a. 1,10,100,1000…
b. 2,5,9,14,20…
Solution:
a. Looking at the set of numbers, it can be observed that each term is in the power
of 10:
1= 100, 10 = 101, 100 = 102, and 1,000 = 103. Following this rule, the next three terms
are: 104 = 10,000, 105 = 100,000, and 106= 1,000,000
b. The difference between the first and second term (2 and 5) is 3. The difference
between the second and third terms (5 and 9) is 4. The difference between the
third and fourth terms (9 and 14) is 5. The difference between the fourth and the
fifth terms is 6. Following this rule, it can be deduced that to obtain the next three
terms, we should add 7,8,9, respectively, to the current term. Hence, the next
three terms are 20 + 7 = 27, 27 + 8 = 35, 35 + 9 = 44.
TRY THIS ! 1
Analyze the given sequence for its rule and identify the next three terms.
The sequence in Check Your Progress Item B is a special sequence called the
Fibonacci Sequence.
FIBONACCI SEQUENCE
❑ Named after the Italian Mathematician Leonardo Pisano or Leonardo of Pisa,
who was better known by his nickname Fibonacci
❑ Discovered through the observation of how rabbits bred and reproduced. The
problem involved having a single pair of rabbits and then finding out how many
pairs of rabbits will be born in a year, with the assumption that a new pair of
rabbits is born each month and this new pair, in turn, gives birth to additional pairs
of rabbits beginning at two months after they were born. He noted that the set of
numbers generated from this problem could be extended by getting the sum of
the two previous terms.
0+1=1 0, 1, 1
1+1=2 0, 1, 1, 2
1+2=3 0, 1, 1, 2, 3
2+3=5 0, 1, 1, 2, 3, 5
3+5=8 0, 1, 1, 2, 3, 5, 8
5 + 8 = 13 0, 1, 1, 2, 3, 5, 8, 13
… 0, 1, 1, 2, 3, 5, 8, 13,…
Final thoughts:
While the sequence is widely known as Fibonacci sequence, this pattern is said to
have been discovered much earlier in India. According to some scholarly articles,
Fibonacci sequence is evident in the number of variations of a particular category of
Sanskrit and Prakrit poetry meters. In poetry, meter refers to the rhythmic pattern of
syllables.
Fibonacci sequence has many interesting properties. Among these is that this
pattern is very visible in nature. Some of nature’s most beautiful patterns, like the spiral
arrangement of sunflower seeds, the number of petals in a flower, and the shape of a
snail’s shell. It is also interesting to note that the ratios of successive Fibonacci numbers
approach the number Φ (Phi), also known as the Golden Ratio. This approximately equal
to 1.618
SYMMETRY
❑ One shape becomes exactly like another when you move it in some ways, turn,
flip or slide.
It indicates that you can draw an imaginary line across an object and the resulting parts
are mirror images of each other.
Examples:
Human face
Wings of a butterfly
Vitruvian Man
▪ Leonardo da Vinci
▪ Shows proportions and symmetry of the human body
1. BILATERAL SYMMETRY
❑ “bi” means two
2. THREE-FOLD SYMMETRY
❑ 3 sides or faces
Spiderwort
3. FIVE-FOLD SYMMETRY
❑ 5 sides or faces
Starfish
4. SIX-FOLD SYMMETRY
❑ 6 sides or faces
Snowflakes
ROTATIONAL SYMMETRY
The appearance of the image is still the same even if you rotates it in several
degrees.
ANGLE OF ROTATION
Smallest angle that a figure can be rotated while preserving the original
formation
FORMULA:
𝟑𝟔𝟎°
𝑨𝒓 = 𝒏
𝑨𝒓 = angle of rotation
GOLDEN RATIO
❑ Phi Φ
❑ Ratio between two numbers
❑ Geometrically, it can also be visualized as a rectangle perfectly
formed by a square and another rectangle, which can be repeated
infinitely inside each section.
❑ approximately 1.618 (≈1.618)
EXAMPLES:
Galaxy Parthenon
Sunflower seeds
Final Thoughts:
The Golden Ratio can also be expressed as the ratio between two numbers, if
the latter is also the ratio between the sum and the larger of the two numbers.
Geometrically, it can also be visualized as a rectangle perfectly
formed by a square and another rectangle, which can be repeated infinitely inside
each section.
Shapes and figures that bear this proportion are generally considered to be
aesthetically pleasing. As such, this ratio is visible in many works of art and architecture
such as in the Mona Lisa, the Notre Dame Cathedral, and the Parthenon. In fact, the
human DNA molecule also contains Fibonacci numbers, being 34 angstroms long by 21
angstroms wide for each full cycle of the double helix spiral. This approximates the
Golden Ratio at a value of about 1.619 ( 1 angstrom = 10 -10 meter or 0.1 nanometer).
ASSESSMENT:
1.) A, C, E, G, I, ____________
DIRECTION: Analyse the given sequence for its rule and identify the next three
terms.
IDENTIFY:
Learning Objectives:
At the end of the lesson, you should be able to:
1. define variables;
2. differentiate variables from letters;
3.solve for the value of the variables;
SOLUTION:
In the first equation you need to use the substitution method. Substitute
the value of x in the equation.
x=4
2(4) + 4y = 10
4y = 10 -8
1
y=2
x2 + 7x + 10 =0 [find two numbers that when you multiply will equal to 10 and
when you add will equal to 7]
(x + 2) (x + 5) [ now that you have the factors. Equate both terms to zero and
simplify]
x+2=0 x+5=0
x = -2 x = -5
Learning Objectives:
At the end of the lesson, you should be able to:
1. understands sets;
2. name a set;
3. know the different methods in writing a set;
4. identify the different types of sets;
5. give a real life examples of sets.
SETS
NAMING OF SETS
In a set of vowels
V = { a,e,i,o,u}
lower case
EXAMPLE:
A = { r,a,i,n,b,o,w}
1. Listing Method
{ 1, 2, 3}
2. Set-Builder Method
3. Venn Diagram
1 2
TYPES OF SETS
{2}
- symbols are {} , Ø
{} or Ø [ correct answer]
A= { 1, 2, 3} B= { 3, 4, 5, 1}
C= {6, 7, 8} D = { 2, 5, 6, 9}
N(A) = 3
N(B) = 4
NI = 3
N(D) = 4
E = { 1, 2 ,3 } D= { 3,1,2}
E=D
G = { 9,8,7,6} H= { 6,8,7,9}
G=H
I = { c, b, v} [ original set]
Subsets:
{b} {c, v}
{v} {b,v}
Example:
ASSESSMENT
x y
X
Y
-3
0
-9
5
5
10
12
Function
( 2, 1)
Domain Range
x y 2 1
2 1
4 2
4 2
8 4
Table Graphing Mapping Diagram
Module 2
Course: Mathematics in the Modern World
Unit No. 3
Topic: PROBLEM SOLVING and STATISTICS
Score:
Name:
Year & Section:
Date:
Most occupations require good problem-solving skills. For instance, architects and
engineers must solve many complicated problems as they design and construct modern
buildings that are aesthetically pleasing, functional, and that meet stringent safety
requirements. Two goals of this chapter are to help you become a better problem solver
and to demonstrate that problem solving can be an enjoyable experience.
Learning Objectives:
At the end of the lesson, you should be able to:
1. differentiate inductive from deductive reasoning;
2. came up with conclusions in every problem;
3. relate to real life situations.
INDUCTIVE REASONING
❑ Specific to general (conclusion)
❑ General (conclusion) is called “conjecture” – means it may or may not be true.
Examples:
❑ 3,6,9,12,15, ____?
Conjecture: 18, true because the series of numbers are multiples of 3
❑ Symptoms of a female students: Pale, Vomits, Big belly, sudden change in body
size.
Conjecture: Pregnant, may or may not be true because there is possibility that the
female stud is malnourish and having an ulcer attack
COUNTER EXAMPLES
❑ one case for which a statement is not true
❑ we can verify that each statement is a false statement by finding a counterexample
for each
Examples:
a. I x I > 0 b. x2 > x c. √𝑥 2 = x
x=0 x=1 x = -3
𝑥 𝑥+3
a. = 1 b. =x+1 c. √𝑥 2 + 16 =x+4
𝑥 3
x=0 x =5 x=2
DEDUCTIVE REASONING
❑ General to specific ( arguments)
❑ Conclusions are logically true, realistically true, always correct
Example:
Prove that QUAD is a parallelogram
U A
Q D
Conclusion:
QD II VA
QU II DA
Example: 2,4,6,8,10,12,14…
Terms
a 1= 2 a5= 10
a 2= 4 a6=12
a 3= 6 a8= 14
Examples:
Sequence: 2, 4, 6, 8, 10
First differences: 2 2 2 2
First differences: 9 13 17 21 25
Second differences: 4 4 4 4
Simply add the last term of the first differences and the last term of the given
sequence, the sum will be the next term of the sequence [ 25+ 65 = 90]
FORMULA:
an= a1 + ( n-1) d
a1= first term n= number of terms
d= common difference
EXAMPLES:
Find: a10
a202
Solutions:
= 3 + (9) 5 = 3 + (201)5
Examples:
a48=145
a14= 43
Find: a1= ?
d= ?
6d = 18
6 6
d=3
a48=25
an= a1 + ( n-1) d
25= a1 + ( 8-1) 3
- a1 = 21-25
[-a1 = -4] -1
a 1= 4
a14= 43
an= a1 + ( n-1) d
43 = a1 + (14-1) d
43 = a1 + (13) 3
43 = a1 + 39
- a1 = 39-43
[-a1= -4] -1
a 1= 4
Unit 4 – Statistics
Statistics involves the collection, organization, summarization, presentation, and
interpretation of data. The branch of statistics that involves the collection ,
organization, summarization, and presentation of data called descriptive
statistics. The branch that interprets and draws conclusions from the data is
called inferential statistics.
Learning Objectives:
At the end of the lesson, you should be able to:
1. Learns the measures of central tendency.
2. Appreciates the Measures of Dispersion.
3. Solve for the Measures of relative Position
4.1 Measures of Central Tendency
The Arithmetic Mean
One of the most basic statistical concepts involves finding measures of central tendency
of a set of numerical data. It is often helpful to find numerical values that locate, in some
sense, the center of a set data.
The arithmetic mean is the most commonly used measure of central tendency. The
arithmetic of a set of numbers is often referred to as simply the mean. To find the mean
for a set of data, find the sum of the data values and divide by the number of data
values. The traditional symbol used to indicate a summation is the Greek letter sigma, ∑.
Thus the notation ∑x, called summation notation, denotes the sum of all the numbers in a
given set. We can define the mean using summation notation.
Mean
∑𝑥
Mean=
𝑛
Statisticians often collect data from small portions of a large group in order to determine
information about the group. In such, situations the entire group under consideration is
known as the population , and any subset of the population is called a sample. It is
traditional to denote the mean of a sample by x ( which is read as “x bar”) and to
denote the mean of a population by the Greek letter µ (lowercase mu).
Solution
∑𝑥 92+84+65+76+88+90 495
x = = = = 82.5
𝑛 6 6
TRY THIS ! 2
A doctor ordered 4 separate blood tests to measure a patient’s total blood cholesterol
levels. The test results were
The Median
Another type of average is the median. Essentially, the median is the middle number or
the mean of the two middle numbers in a list of numbers that have been arranged in
numerical order from smallest to largest or largest to smallest. Any list of numbers that is
arranged in numerical order from smallest to largest or largest to smallest is a ranked list.
a. The list 4, 8, 1, 14, 9, 21, 12 contains 7 numbers. The median of a list with an odd
number of entries is found by ranking the numbers and finding the middle
number. Ranking the numbers from smallest to largest gives
1, 4, 8, 9, 12, 14, 21
The two middle numbers are 77 and 89 . The mean of 77 and 89 is 83. Thus, 83
is the median of the data.
TRY THIS ! 3
The Mode
A third type of average is the mode. The mode of a list of numbers is the number that
occurs most frequently. Sometimes , a list of numerical data can have more than one
mode.
a. In the list 18, 15, 21, 16, 15, 14, 15, 21, the number 15 occurs more often than the
other numbers. Thus 15 is the mode.
A value called the weighted mean is often used when some data values are more
important than other.
Course Course Course The able shows Dillon’s fall semester course grades. Use
Grade units the weighted mean formula to find Dillon’s GPA for the
English B 4 fall semester.
History A 3 Where : A= 4 , B= 3, C= 2, D= 1, F= 0
Chemistry D 3
Algebra C 4 Solution
The B is worth 3 points, with a weight of 4; the A is worth 4 points with a weight
of 3; the D worth 1 point, with a weight of 3; and the C is worth 2 points , with a weight of
4. The sum of all the weights is 4+3+3+4, or 14.
(3𝑥4)+(4𝑥3)+(1𝑥3)+(2𝑥4)
Weighted mean =
14
35
= 14 = 2.5
Data that have not been organized or manipulated in any manner are called raw data .
A large collection of raw data may not provide much readily observable information.
A frequency distribution , which is a table that lists observed events and the frequency
occurrence of each observed event, is often used to organize raw data. For instance,
consider the following table , which lists the number of laptop computers owned by
families in each of 40 homes in a subdivision.
2 0 3 1 2 1 0 4
2 1 1 7 2 0 1 1
0 2 2 1 3 2 2 1
1 4 2 5 2 3 1 2
2 1 2 1 5 0 2 5
The frequency distribution in the Table A on the next table was constructed using the
data from Table A. The first column of the frequency distribution consists of the numbers
0, 1, 2, 3, 4, 5, 6 and 7. The corresponding frequency of occurrence , f, of each of the
numbers in the first column is listed in the second column.
Solution
The numbers in the right-hand column of Table B are the frequencies f for the numbers in
the first column. The sum of all the frequencies is 40.
∑(𝑥.𝑓)
Mean = ∑𝑓
(0.5)+(1.12)+(2.14)+(3.3)+(4.2)+(5.3)+(6.0)+(7.1 )
=
40
79
= 40
= 1. 975 ( The mean number of laptop computers per household for the home in the
subdivision is 1. 975.
TRY THIS ! 6
A housing division consists of 45 homes. The following frequency distribution shows the
number of homes in the subdivision that are two-bedroom homes, the number that are
three-bedroom homes, the number that are four-bedroom homes, and the number that
are five-bedroom homes. Find the mean number of bedrooms for the 45 homes.
3 25
4 10
5 5
45 total
The range of a set of data values is the difference between the greatest data value and
the least data value .
Example:
Solution:
A measure of dispersion that is less sensitive to extreme values is the standard deviation.
The standard deviation of a set of numerical data makes use of the amount by which
each individual data value deviates from the mean. These deviations, represented by
( x – x), are positive when the data value x is greater than the mean x and are negative
when x is less than the mean x . The sum of all the deviations ( x – x )is 0 for all sets of
data. This is shown in Table D for the Machine 2 data of Table C .
Because the sum of all the deviations of the data values from the mean is always 0, we
cannot use the sum of the deviations as a measure of dispersion for a set of data.
Instead, the standard deviation uses the sum of the squares of the deviations.
Table C Table D
Machine 1 Machine 2 x x- x
10.07 7.95
7.95 7.95- 8= -0.05
5.85 8.03
8.03 8.03- 8= 0.03
8.15 8.02
8. 02 8.02- 8= 0.02
x = 8.0 x = 8.0
Sum of deviations = 0
√Σ (𝑥−𝜇)²
standard deviation of the population is 𝜎 = (1)
𝑛
√Σ (𝑥−𝑥)²
standard deviation of the sample is 𝑠= (2).
𝑛−1
Take Note
Solution
Step 1: The mean of the numbers is
2+4+7+12+15 40
X= = =8
5 5
Step 2: For each number, calculate the deviation between the number and the
mean.
x x-x
2 2-8= -6
4 4-8=-4
7 7-8= -1
12 12- 8= 4
15 15- 8= 7
Step 3: Calculate the square of each deviation in Step 2, and find the sum of these
squared deviations.
x x-x (x- x) ²
2 2 - 8= -6 (-6)² = 36
4 4 - 8=-4 (-4)²= 16
7 7- 8= -1 (-1)²= 1
12 12 - 8= 4 4² = 16
15 15 - 8= 7 7²= 49
Sum of the squared deviations
118
Step 4: Because we have a sample of n = 5 values, divide the sum 118 by n – 1,
which is 4.
118
= 29.5
4
Step 5: The nearest standard deviation of the sample is s= √29.5. To the nearest
hundredth. The standard deviation is s = 5.43.
TRY THIS ! 7
A student has the following quiz scores: 5, 8, 16, 17, 18 , 20. Find the standard
deviation for this population of quiz scores.
pth Percentile
A value x is called the pth percentile of a data set provided p% of the data
values are less than x.
Example
In a recent year, the median annual salary for a physical therapist was Php.
74,480. If the 90th percentile for the annual salary of a physical therapist was Php.
105, 900 , find the percent of physical therapists whose annual salary was
Example
On a reading examination given to 900 students, Elaine’s score of 602 was
higher than the scores of 576 of the students who took the examination. What is
the percentile for Elaine’s score?
Solution
𝑛𝑢𝑚𝑏𝑒𝑟 𝑜𝑓 𝑑𝑎𝑡𝑎 𝑣𝑎𝑙𝑢𝑒𝑠 𝑙𝑒𝑠𝑠 𝑡ℎ𝑎𝑛 602
Percentile = . 100
𝑡𝑜𝑡𝑎𝑙 𝑛𝑢𝑚𝑏𝑒𝑟 𝑜𝑓 𝑑𝑎𝑡𝑎 𝑣𝑎𝑙𝑢𝑒𝑠
576
= .100
900
= 64
Elaine’s score of 602 places her at the 64 th percentile.
TRY THIS ! 8
On an examination given to 8600 students, Hal’s score of 405 was higher than the scores
of 3952 of the students who took the examination. What is the percentile for Hal’s score ?
QUARTILES
The three numbers Q1, Q2, and Q3 that partition a ranked data set into four
(approximately) equal groups are called the quartiles of the data. For instance, for the
data set below, the values Q1= 11 , Q2= 29, Q3= 104 are the quartiles of the data.
2, 5, 5, 8, 11, 12, 19, 22 , 23 , 29, 31 , 45, 83 , 91, 104, 159, 181 , 312, 354
Q1 Q2 Q3
The quartile Q1 is called the first quartile . The quartile Q2 is called the second quartile. It is
the median of the data. The quartile Q 3 is called the third quartile . The following method
of finding quartiles makes use of medians.
Example
1) 26 2) 32 3) 36 4) 36 5) 37 6) 39 7) 39 8) 40 9) 40
10) 41 11) 42 12) 42 13) 43 14) 45 15) 45 16) 48 17) 48 18) 49
19) 50 20) 53 21) 53 22) 56 23) 58 24) 62 25) 73
Step 2: The median of these 25 data values has a rank of 13. Thus, the median is 43. The
second quartile Q2 is the median of the data, so Q2 =43.
Step 3: There are 12 data values less than the median and 12 data values greater than
the median. The first quartile is the median of the data value less than the median. Thus
Q1 is the mean of the data values with ranks of 6 and 7.
39+39
Q1 = = 39
2
The third quartile is the median of the data values greater than the median. Thus Q3 is the
mean of the data values with ranks of 19 and 20 .
50+53
Q3 = = 51. 5
2
TRY THIS ! 9
The following table lists the weights , in ounces, of 15 avocados in a random sample. Find
the quartiles for the data.
The type of frequency distribution that lists the percent of data in each class is called a
relative frequency distribution.
TABLE F
Solution
a. The percent of data in all the classes with a lower boundary of 25 s or more is the
sum of the percent printed in gray in Table G below. Thus the percent of
subscribers who required at least 25 s to download the file is 69. 1 %
Table G
Download time (in seconds) Percent of subscribers
0-5 0.6
5-10 1.7 Sum is 15.2%
10-15 4.3
15-20 9.2
20-25 15.1
25-30 19.2
30-35 19.0
35-40 14.9 Sum is 69.1%
40-45 9.0
45-50 4.5
50-55 1.5
55-60 1.0
b. the percent of data in all the classes with a lower boundary of 5 s and an upper
boundary of 20 s is the sum of the percent printed in orange in Table G above. Thus the
percent of subscribers who required at least 5 s but less than 20 s to download the file is
15.2%. The probability that a subscriber chosen at random will require at least 5s but less
than 20 s to download the file is 0.152.
TRY THIS ! 10
Module 3
Course: Mathematics in the Modern World
Unit No. 4
Topic: Logic Score:
Name:
Year & Section:
Date:
One of the first mathematicians to make a serious study of symbolic logic was Gottfried
Wilhelm Leibniz (1646-1716). Leibniz tried to advance the study of logic from a merely
philosophical subject to a formal mathematical subject. Augustus De Morgan (1806-
1871) and George Boole (1815-1864), contributed to the advancement of symbolic logic
as a mathematical discipline.
Learning Objectives:
At the end of the lesson, you should be able to:
1. Understands everything about logic.
2. Formulate Logical reasoning
3. Appreciates the importance of Logic in real life situation
Logic Statements
Every language contains different types of sentences, such as statements, questions, and
commands. For instance,
The symbolic logic that Boole was instrumental in creating applies only to sentences that
are statements as defined below.
A Statement
A statement is a declarative sentence that is either true or false , but not both true and
false .
Solution
a. Florida is one of the 50 states in the United States, so this sentence is true and it is a
statement.
b. The sentence “ How are you?” is a question; it is not a declarative sentence. Thus
it is not a statement.
c. You may not know whether 9⁹+ is a prime number; however, you do know that it is
a whole number larger than 1, so it is either a prime number or it is not a prime
number. The sentence is either true or it is false, and it is not both true and false, so
it is a statement.
The truth value of a simple statement is either true (T) or false (F).
The truth value of a compound statement depends on the truth values of its simple
statements and its connectives.
A truth table is a table that shows the truth value of a compound statement for all
possible truth values of its simple statements.
p: Today is Friday
q: It is raining
r: I am going to a movie.
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Module 4
Course: Mathematics in the Modern World
Unit No. 5 Score:
Topic: Mathematics of Finance
Name:
Year & Section:
Date:
This module covers introductory topics in financial mathematics particularly interest
earned on loans and investments. The use of scientific calculators or Excel application
will be very helpful in working through the examples and the exercises given at the end
of every sections.
Learning Objectives:
At the end of the lesson, you should be able to:
1. Learn how to solve simple interest, compound interest and annuities.
2. Calculate involving practical problems.
Simple Interest
Where P is the principal, r is the interest rate per year, and t is the number of years. If
the number of days used is 360 days in a year, the interest is called ordinary simple
interest. If it uses 365 days in a year or 366 days for a leap year then the interest is called
exact simple interest.
The future value or maturity value is the total amount paid including the interest. This
amount is obtained by the formula
F=P+I
= P + Prt
= P (1+rt)
Example
1. An employee borrows ₱ 60, 000 for 7 months at an interest rate of 12% per year.
Find the interest earned and the total amount he has to pay.
Solution
The interest earned is
7
I= Prt= (60,000)(0.12) ( )= ₱ 4,200.
12
7
F= P (1+rt) = 60, 000 (1 + 0.12) ( )) = ₱ 64, 200.
12
Example
2. The ordinary simple interest charged after 130 days on a loan of ₱ 10, 200
is ₱ 575. Find the interest rate.
Solution
Use 360 days per year in computing for the ordinary simple interest. Thus,
I= Prt
130
575= 10, 200 (r) ( )
360
r= .156 or 15.6 %
Compound Interest
The compound interest is computed based on the principal amount and the
total accumulated interest earned. The total accumulated amount on the
principal P for n periods at an interest rate of i per period is given by
F = P (1 + i ) n
𝑗
Where n= mt and i =𝑚
The interest rate j is called the nominal rate and m is the number of compounding
periods in a year. For example, if the interest rate is 6 % compounded quarterly for 2
years, then the total number of periods is n= mt = (4) (2) = 8 periods and the interest rate
𝑗 0.06
per quarter is i = = 4 = 0.015 or 1.5 %
𝑚
Example
1. A mother invested ₱100,000 in a mutual fund on the date her first son was
born. If the money is worth 10% compounded semi-annually , how much
will the son receive on his 18th birthday ?
Solution
The total number of periods, n= mt = (2)(18) = 36. The interest rate per period is
𝑗 0.1
i= = = 0.05 . Hence, the total amount the son should receive is
𝑚 2
F = P (1 + i ) n
=₱ 579,182
Example
𝑗
F= P (1 + )mt
𝑚
𝐹
F= P 𝑗
(1+𝑚)mt
0.065 4(5)
200, 000= P (1 + )
4
P= ₱ 144, 883. 46
Example
0.12 n
F = 3P= P (1 + )
12
3= (1.01)n
1n (3) = n 1n (1.01)
1𝑛 (3)
n= = 110.41
1𝑛 (1.01)
𝑛 110.41
t= = = 9.2 yrs.
𝑚 12
Example
Solution
Hence, bank 1 has a better interest rate. A higher rate is good for financial
investment.
An ordinary annuity is one whose payments are made at the end of each
interest period. The present value P and the future value F of an ordinary annuity
A are given by
𝐴
P= (1 − (1 + 𝑖 )-n)
𝑖
𝐴
F= ((1 + 𝑖 )n – 1 )
𝑖
Where A is the payment made at the end of each successive period, i is the
interest rate per period , and n is the total number of periods.
Example
0.1
Here, P= 3,500,000, i= = 0.008333, and n= (12)(5)= 60 .
12
0.1
1−(1+ 12 )−60
3,500,000= A ( 0.1 ) = 𝐴 (47.0654)
12
3,500,000
A= = ₱ 74, 364.61
47.0654
ASSESSMENT
1. How much will be the future worth of money after 12 months if the
sum of ₱ 35, 000 is invested today at a simple interest rate of 3% per
month ?
2. A man expects to receive ₱ 125, 000 in eight years. How much is
that money worth now considering an interest rate of 12%
compounded quarterly ?
3. How long will it take the money to triple itself if invested at 9.5%
compounded semi-annually?
4. By the conditions stated in a will, the sum of ₱ 2.5 M is left to a son to
be held in a trust fund by his guardian until it amounts to ₱4.5M.
When will the son receive the money f the fund is invested at 10%
compounded quarterly?
5. What is the effective rate corresponding to 18% compounded daily
using 360 days in one year ?
REFERENCES
Adam, John A. A Mathematical Nature Walk, Aufman, R. et al. Mathematical Excursions
(Chaps. 1, 2, 3, 4, 5,8,11 and 13) 3rd Ed ( International Edition) COMAP Inc. For All
Practical Purposes, Introduction to Contemporary Mathematics (2 nd ed.), Fisher, Carol
Burns, The Language of Mathematics ( from One Mathematical Cat, Please! By Carol
Burn Fisher), Fisher Carol Burns, The Language and Grammar of Mathematics., Hersh,
R. What is Mathematics Really? (Chaps 4 and 5) , Johnson and Mowry. Mathematics, A
Practical Odyssey (Chap. 12). Moser and Chen. A Student’s Guide to Coding and
Information Theory. Stewart, Ian. Nature’s Numbers,. Vistro-Yu, C. Geometry: Shapes,
Patterns and Designs ( A chapter for the new ed. Of the Math) Jamson R.E (2000),
Learning the language of mathematics. Language and Learning across the Disciplines
4(1), 45-54. Akiyama and Ruiz. A Day’s Adventure in Math Wonderland, Aufman et al.
Mathematics Excursions (Chap. 2) Averbach and Chein. Problem Solving Through
Recreational Mathematics, Enzensberger. The Number Devil. Johnson and Mowry.
Mathematics, A Practical Odyssey (Chaps. 1 and 4) Nocheda, Palaspas, Stewart, Ian.
Professor Stewart’s Cabinet of Mathematical Curiosities. Sobecki, Bluman, and Schirck-
Matthews.Math in Our World.
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Approved by:
EMELIA B. RAMOS,Ph.D
Campus Director