Final Math

Simple Interest A
Barts Sound Shack borrowed P 400,000 at 8% simple interest rate for 3 years to remodel its existing
store. Find the interest. 96000
How much will P225,000 become if invested at 9% simple interest rate for 7 months? 151875
Jordan Electric borrowed P8 million at 12% simple interest for 1 year from local bank. Find the interest
of the loan. 960000
Jordan Electric borrowed P8 million at 12% simple interest for 1 year from local bank. Find the maturity
value of the loan. 8960000
Barts Sound Shack borrowed P 400,000 at 8% simple interest rate for 3 years to remodel its existing
store. Find the maturity value of the loan. 496000
Complete
the table
Principal Rate (per Time Simple Final

year) Interest Amount
A 17.40% 2 years P522 B
5,400 13.80% C P1,117.80 D
6,800 15.60% E F 8,568

Solve F
Complete the table

A 17.40% 2 years P522 B
5,400 13.80% C P1,117.80 D
6,800 15.60% E F 8,568
Solve for A
Complete the table

A 17.40% 2 years P522 B
5,400 13.80% C P1,117.80 D
6,800 15.60% E F 8,568

Solve E
Complete the table

A 17.40% 2 years P522 B
5,400 13.80% C P1,117.80 D
6,800 15.60% E F 8,568
Solve B.
Complete
the table

A 17.40% 2 years P522 B
5,400 13.80% C P1,117.80 D
6,800 15.60% E F 8,568
Solve C.
(Write your answer in number of years only. round-off the the nearest hundredths)
Simple Interest A
------------------------------------------
Simple Interest B
Khloe invested P150,000 in a bank at 5.3% simple interest from Oct 25, 2010 to July 25, 2011. How much
interest did she earn? 5962.5
Determine the maturity value if P800,000 is invested for 250 days at the rate of 14% simple interest by
using exact interest. 76712.33
How many months will P700 accumulate to P875 if the rate at which it is invested is 6% simple interest?
Determine the maturity value if P800,000 is invested for 250 days at the rate of 14% simple interest by
using ordinary interest. 77777.78
At what simple interest rate will P11,600 accumulate to P17,400 in 5 years? .1 or 10%
To purchase two new industrial ovens, Palm Tree Bake Shop paid P13,500 interest on a 9% simple
interest rate, 18-month loan. Find the principal borrowed. 225000
Find the principal that accumulated to P19,456 in 24 months at 10.8% simple interest rate. 90074.07
On Nov 22, 2010, Hailey borrowed P270,000 from Annette who charged simple interest rate at 14.7%.
Hailey agreed to repay it on July 19, 2011. How much must be repaid then? 296349.75
Sandra took out a P50,000 loan in May 6,2011 at 9% simple interest which was to be repaid on Dec. 16,
2011. Find the interest charged on the loan using Bankers Rule. 2638.356
Telstar Cable Service borrowed P750,000 for 6 years to pay for a new vehicle. The interest is P360,000.
Find the simple interest rate. 7.89
How many months will P700 accumulate to P875 if the rate at which it is invested is 6% simple interest?
.24
On feb 11, 2015, Gigi borrowed 65,000 and promised to pay the principal and 121/4% simple interest on
Oct 15, 2015. How much she must repay on Oct 15, 2015? 69996.88
Simple Interest B
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Compound Interest A
On Sept 8, 2009, Jasmin invested P32,000 in a trust fund that pays 12.5% interest compounded monthly.
How much will be in the fund on Dec 8, 2014? 34062.71
Find the compound amount of P5,000 for 7 years at 15% compounded quarterly. 14542.03
How much must be deposit in a bank that pays interest at 11% converted quarterly so that he will have
P50,000 after 10 years? 16892.61104
Find the compound interest due in 6 years if P17,500 is invested at 10% converted quarterly. 31652.70
On May 6, 2016, Dianne borrowed P6,000 and promise to pay the principal and the interest at 16%
compounded quarterly on Aug 6, 2023. How mush must she repay then? 25187.55
On the birth of a son, a father wishes to invest sufficient money in a fund to accumulate to P100,000 by
the time his son turns 21 years old. How much should he place in the fund that offers an interest rate of
12% compounded semiannually? 8652.740098
Michael borrows P12,800 and promises to pay the principal and the interest at 18% convereted
monthly. How mush must he repay 5 years later? 31273.31
Compound Interest A
------------------------
Compound Interest B
How long will it take P5,000 to accumulate to P20,000 at 12% compounded semiannually? 11.89 yrs
If P30,000 is deposited at the rate of 7 % converted annually, how long will it take to amount to
P45,000? 5.6 yrs
What rate of interest compounded annually will double a principal in 6 years? Hint: Use P100 as
principal amount. 20%
A debtor borrows P35,000 and agrees to pay P42,000 to settle his debt after 2 years and 3 months. At
what rate compounded monthly is he paying the interest? 8.13%
How long will it take for P28,000 to earn interest of P9,000 at 8% compounded semiannually? 4.01 yrs
At what rate compounded quarterly will P3,000 amount to P4,500 in 3 years? 13.74%
In how many years will a principal triple itself at 10% compounded semiannually? 6 yrs
At what rate compounded quarterly will P3,000 grow to P18,000 after 108 months? 20.41%
If P25,000 earned interest of P3,000 after 2 years, at what rate compounded annually was the money
invested? 6%
Compound Interest B
Annuities
(GENERAL ANNUITY) Find the amount (final value) of an annuity of P5,000 payable semi-annually for 10
years if money is worth 6% compounded annually.
(General Annuity) The buyer of a lot pays P50,000 cash and P10,000 every month for 10 years. If money
is 8% compounded annually, how much is the cash value of the lot?
(GENERAL ANNUITY) To pay his debt at 12% compounded semi-annually, Ruben committed for 8
quarterly payments of P 24,491.28 each. How much did he borrow?
(GENERAL ANNUITY) Find the present value of an annuity of P5,000 payable semi-annually for 10 years if
money is worth 9% compounded annually.
Annuities
Simple Interest
Interest= Principal x Rate x Time
Ordinary-Actual (Bankers Rule) - Principal x Rate x Time(no. of days/360)

Ordinary-Approx- Principal x Rate x Time(no. of days/365)
Exact-Actual- Principal x Rate x Time(no. of days/360)
Exact-Approx- Principal x Rate x Time(no. of days/365)
Compound Interest
m- conversion/compounding period
Annual= 1
Semi Annual= 2
Quarterly= 4
Monthly= 12
F(inal) Amount- P(1+i)^n
Interest= Final Principal
i= rate/m
n= time x m
S = Rs[{(1 + i)(n+1) 1}/i - 1]
A = AA [{1-(1 + i)-(n-1) }/i + 1]

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Simple Interest A

Principal Rate (per Time Simple Final

6,800 15.60% E F 8,568

Complete the table

Principal Rate (per Time Simple Final

6,800 15.60% E F 8,568

Complete the table

6,800 15.60% E F 8,568

Principal Rate (per Time Simple Final

6,800 15.60% E F 8,568

Principal Rate (per Time Simple Final

6,800 15.60% E F 8,568

Interest= Principal x Rate x Time

Ordinary-Actual (Bankers Rule) - Principal x Rate x Time(no. of days/360)

F(inal) Amount- P(1+i)^n

Interest= Final Principal

S = Rs[{(1 + i)(n+1) 1}/i - 1]

A = AA [{1-(1 + i)-(n-1) }/i + 1]

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