16.

67%
If 1,000 pesos accumulates to 1,500 pesos when invested at a simple interest for three years, what is the rate of
interest?

25%
You loan from a loan firm an amount of 100,000 pesos with a rate of simple interest of 20% but the interest was
deducted from the loan at the time the money was borrowed. If at the end of one year, you have to pay the full
amount of P100,000, what is the actual rate of interest?

5,937.50 pesos
A loan of 5,000 pesos is made for a period of 15 months, at a simple interest rate of 15%, what future amount is
due at the end of the loan period?

46,728.97 pesos
If you borrowed money from your friend with simple interest of 12%, find the present worth of 50,000 pesos,
which is due at the end of 7 months.

10.29%
Mr J. Reyes borrowed money from the bank. He received from the bank 1,842 pesos and promise to repay
2,000 pesos at the end of 10 months. Determine the rate of simple interest.

37.11%
A price tag of 1,200 pesos is payable in 60 days but if paid in 30 days it will have a 3% discount. Find the rate
of interest.

Rate of discount is 4%. The rate of interest is 4.17%.

A man borrowed 2,000 pesos from a bank and promised to pay the amount for one year. He received only the
amount of 1,920 pesos after the bank collected an advance interest of 80 pesos. What was the rate of discount?
What was the rate of interest that the bank collected in advance?

25,250 pesos per year and 28,000 per month

What will be the future worth of money after 12 months, if the sum of 25,000 pesos is invested today at simple
interest rate of 1% per year? 1% per month?

16.28%
Let us therefore asssume that you applied for a loan with a bank and the 80,00 pesos was approved at an interest
rate of 14% of which 11,200 was deducted and you were given a check of 68,800 pesos. Since you have to pay
the amount of 80,000 pesos one year after, what then will be the effective interest rate?