Ma. Elissa A. Pagulayan Dr. BuencaminoLomboyOFA31 Professor
ASSIGNMENT IN MATHEMATHICS OF INVESTMENT
? Give Examples.
INTEREST RATE – the functional part of the principal that is paidon the loan and investment, which is usually expressed aspercent. This is denoted by .Interest- the payment for the user of borrowed money or theamount earned on invested money denoted by .
Example 1Find the interest paid by Ms. Rose on
15,000 thatshe borrowed for three years at 6٪ simple interest.
Example 2: Determine the simples interest paid by Ana if sheborrowed P1,600 at 6 ¼ for 4 months?