Ateneo de Naga University FMAC224

Simple Interest Exercises

JMURevilla

Name:___Khianne Mae Obias______ Section:___AMN1____ Date:___08-24-20_____

Finding the Interest

Principal Interest Rate Time Interest
1 P50,000 8% 2 yrs P8,000
.
2 P1,000,000 12.7% 18 months P190,500
.
3 P64,400 5 ½% 7 months P2,066.166667
.
4 P750,000 10 ¾% 6 months P40,312.5
.
5 P800,000 15% 3 ½ yrs P420,000
.

Finding the Interest and Maturity Value using the formula MV = P + I

Principal Interest Rate Time Interest Maturity Value
1 P540,000 11.9% 2 yrs P128,520 P668,520
.
2 P337,000 8.4% 10 months P23,590 P360,590
.
3 P1,250,000 12 ½% 5 months P65,104.16667 P1,315,104.167
.
4 P910,000 9 ¼% 2 ½ yrs P210,437.50 P1,120,437.50
.
5 P750,000 14% 6 months P52,500 P802,500
.

Finding the Maturity Value using the formula MV = P (1 + RT)

Principal Interest Rate Time Maturity Value
1 P15,000 9% 2 yrs P17,700
.
2 P10,000,000 11% 3 yrs P1,330,000
.
3 P158,000 14% 4 yrs P246,480
.
4 P186,200 10 ½% 30 months P225,077.5
.
5 P7,500,000 13.35% 11 months P18,513,750
.

Finding the Principal

Principal Interest Rate Time Interest
1 P12,500 12% 2 yrs P3,000
.
2 P500,000 8% 9 months P30,000
.
3 P120,000 13.1% 210 days P9,170
.
4 P116,666.6667 12% 2 yrs P28,000
.
5 P50,000 9% 1 ½ yrs P6,750
.

Finding the Rate

Principal Interest Rate Time Interest
1 P18,000 14% 5 mos. P1,050
.
2 P46,000 12.81% 168 days P2,750
.
Ateneo de Naga University FMAC224
Simple Interest Exercises
JMURevilla
3 P22,000 9.09% 4 yrs P8,000
.
4 P50,000 8% 3 yrs P12,000
.
5 P480,000 9.1% 60 days P7,280
.

Finding the Time

Principal Interest Rate Time Interest
1 P180,000 12% 158 days P9,480
.
2 P45,000 9½% 316 days P3,750
.
3 P6,800 15% 183 days P510
.
4 P135,000 13% 72 days P3,500
.
5 P79,000 10.4% 100 days P2,280
.

Find the missing values

Principal Interest Time Interest Interest Maturity Value
Rate Method
1. P130,361.5789 9.5% 100 days Exact P3,400 P134,031.5789
2. P255,000 11 ¼ % 300 days Ordinary P5,843.75 P260,843.75
3. P130,000 14% 190 days Ordinary P9,600 P139,605.5556
4. P25,000 15.17% 280 days Ordinary P2,950 P27,949.7222
5. P36,000 14.06% 160 days Exact P2,250 P38,249.6