Worksheet No.1 GenMath
Worksheet No.1 GenMath
GRADE 11
General Mathematics
SECOND QUARTER
Worksheet no. 1: Simple Interest
Complete the table below by solving the unknown quantities in each row.
Please highlight your answers using a different color.
II. Solve the following problems involving simple interest. You can use separate sheet for your solution.
1. 2. 3. 4. 5.
Noel borrowed P12 At what simple How long will it On October 12, On September 12,
000 from his interest rate must take P400 000 debt 2014, Celine 2003, Star
officemate and you deposit of P25 to earn an interest deposited P16 450 borrowed P15 600
promised to pay 000 be credited if of P25 000 if the in her bank account that is to be repaid
him after 122 days you want to earn P5 simple interest that earns 8.25% on the maturity
with 7% interest 000 worth of being charged is interest. How much date. If the lender
rate. How much interest in 5 years? 8%? was added to her charges 7% interest
will he pay at the account at the end rate, how much
end of the period r = I/Pt t = I/Pr of March 2015 if no must Star repay on
using exact r = 5000/(25000)(5) t=25000/(400000)(0.08) additional deposits December 28 of the
interest? or withdrawals same year?
r = 0.04 or 4% t = 0.78 years were made during
IE= Pr(number of this period? I = Pr(actual time/360)
O(ACT)
I = (15600)(0.07)(84/360)
days/365)
I = 254.8 + 15600
IE = I = Pr(actual time/360)
(12000)(0.07)(122/365)
O(ACT)
I = (16450)(0.0825)(170/360)
= Php 15 854.80
IE = 280.77 I = Php 640.86 I =Pr(approximate time/360)
O(APP)
12000+280.77 I = (15600)(0.07)(82/360)
I =Pr(approximate time/360)
O(APP) I = 248.73 + 15600
I = (16450)(0.0825)(169/360)
= Php 12 280.77 = Php 15 848.73
I = Php 637.09