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- Assignment

:

INSTRUCTIONS:

**Solve the following problems.
**

Put your answer/solution on a

separate sheet of paper

A. Simple Interest

1.

A businessman charges his client ₱2,750 on a loan

of ₱15,800 for 2 years and 3 months. What simple

interest rate is he using?

2.

3.

4.

5.

7.

**Sheela can buy a DVD player in a single payment of
**

$100 or by paying an interest of $10 per month. Find the

rate of simple interest per month.

8.

800 at 4.25% simple interest for 6 years

9.

250 at 5% simple interest for 3 years

10.

900 at 8% simple interest for 1 year

**In what time will ₱857 double itself at the rate of 7%
**

simple interest?

**Find the simple interest earned on $2800 deposited
**

in a bank at 2% annual interest after 5 years.

**Find the exact interest on ₱3,850 for 76 days at
**

4 1/4% simple interest.

5.

**Find the ordinary and exact interest on ₱2,750 for 65
**

days at 4 1/8% simple interest.

6.

**Find the ordinary and exact interest on ₱4,750 for 85
**

days at 5 2/5% simple interest.

7.

**Find the ordinary and exact interest on ₱6,580 for
**

180 days at 6 1/5% simple interest..

B. Ordinary and Exact Interest

1.

**Find the ordinary interest on ₱2,100 for 6 days at 5 1/4%
**

simple interest.

8.

**Find the amount and ordinary and exact interest on
**

₱5,670 for 90 days at 7 2/5% simple interest.

2.

**Find the ordinary interest on ₱3,450 for 108 days at
**

4 2/3% simple interest.

9.

**One hundred twenty days after borrowing money,
**

Lizette Ongjunco pays an interest of ₱215. How much

did she borrow if the simple interest rate is 5 5/8%?

3.

**Find the exact interest on ₱4,210 for 200 days at 5 1/5%
**

simple interest.

**Marissa deposited $900 in her savings account. The
**

rate of simple interest is 5% per year. Find the

balance at the end of 4 years.

**Find the simple interest on $800 at a rate of 212%
**

for 3 years.

6.

Find the final balance after 3 years at 4% simple

Page | 1interest on $1000.

4.

**10. Jim deposits $300 in a savings account at an
**

interest rate of 2% per year. Find the interest earned

in 4 months.

- Assignment in Math of InvestmentUploaded byJoy Dacuan
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