Scenario 2. Suppose that you withdraw ₱ 1,500.00 from your savings account. Over the weekend, several people want to borrow money from you. Read the stories and decide to whom you will lend your money. Story1. Your younger sister is having a garage sale. She needs cash to make change for the day. She will sell you a bond for ₱ 1,000.00 You will keep the bond for a week, and she promises to pay you back. Story2. Your older brother has a small business idea but doesn’t have any money. He wants to borrow your ₱ 1,500.00 and promises to pay you back ₱ 1,800.00 in four weeks. Story3. Your best friend at school, whom you know very-well, wants to borrow your ₱ 1,500.00 to buy cupcakes. She plans to sell at a higher price and promises to pay you back ₱1,700.00 in two weeks. Whose bonds will you buy? Why?
Scenario 2.
Suppose that you withdraw ₱ 1,500.00 from your savings account. Over the
weekend, several people want to borrow money from you. Read the stories and
decide to whom you will lend your money.
Story1. Your younger sister is having a garage sale. She needs cash to make
change for the day. She will sell you a bond for ₱ 1,000.00 You will keep the
bond for a week, and she promises to pay you back.
Story2. Your older brother has a small business idea but doesn’t have any
money. He wants to borrow your ₱ 1,500.00 and promises to pay you back ₱
1,800.00 in four weeks.
Story3. Your best friend at school, whom you know very-well, wants to borrow
your ₱ 1,500.00 to buy cupcakes. She plans to sell at a higher price and
promises to pay you back ₱1,700.00 in two weeks.
Whose bonds will you buy? Why?
Step by step
Solved in 2 steps with 2 images
