MAYLAS, LORMAN A.

BSEE-3C

1) A government employee invests an amount of P150, 000.00 on a fund that earns

a simple rate of interest of 11%. If it is to mature after 5 years, how much amount
of money can be withdrawn from this fund after the said maturity?
MAYLAS, LORMAN A.
BSEE-3C
2) What rate of simple interest would a certain amount be doubled once invested on
an account after two years, seven months and twelve days?
MAYLAS, LORMAN A.
BSEE-3C

3) A certain amount of money was deposited on a bank that earns a simple rate of
interest. It was found out that after two years of deposit without any withdrawals
take place, the amount of money on the account becomes P 94,400.00 and total
interest after five years of deposits is P 36,000.00. Find the principal amount and
the rate of simple interest?
MAYLAS, LORMAN A.
BSEE-3C

4) A student deposited an amount of P15, 000.00 on a bank that earns a simple

rate of interest of 12% last June 14, 2019. The student again deposited an
amount of P25, 000.00 last November 16, 2019 and withdrew an amount of P17,
000 for personal purposes last February 7, 2020. An amount of P32, 500.00 was
then deposited by the student on his same account last May 23, 2020. After
such, no other transactions take place until the student decided to withdraw all of
his money last August 27, 2020. How much total amount of money was
withdrawn from the said account?
5) A P125, 000.00 was invested on a fund last June 12, 2019 earning a simple rate
interest of 14%. Approximately, what exact date should this amount be withdrawn
from the fund (assuming no other withdrawals take place) so that the interest
incurred totals an amount of P 14,466.35?