Tracy Camille R.

Almario
BSA 2D

Show your Computation:

The formula for calculating simple interest (S.I.) = (P × R × T)/100 and, formula for calculating
amount (A) = P + I
FIND THE SIMPLE INTEREST AND AMOUNT IN EACH OF THE FOLLOWING:
A. P = P1800 R = 5% T= 1 YEAR
Solution:
I = (P x R x T)/100 A=P+I
= (1,800 x 5 x 1)/100 = 1,800 + 90
= 9,000/100 A = ₱ 1,890
I = ₱ 90

B. P = P2600 R = 12% T = 3 YEARS

Solution:
I = (P x R x T)/100 A=P+I
= (2,600 x 12 x 3)/100 = 2,600 + 936
= 93,600/100 A = ₱ 3,536
I = ₱ 936

C. P = P3125 R = 15% T = 73 DAYS

Solution:
I = (P x R x T)/100 A=P+I
= (3,125 x 15 x 73/365)/100 = 3,125 + 93.75
= 9,375/100 A = ₱ 3,218.75
I = ₱ 93.75

D. P = P5660 R = 11% T = 9 MONTHS

 Solution:
I = (P x R x T)/100 A=P+I
= (5,660 x 11 x 9/12)/100 = 5,660 + 466.95
= 46,695/100 A = ₱ 6,126.95
I = ₱ 466.95

E. P = P180 R = 3% T = 1 ¼ YEAR
Solution:
I = (P x R x T)/100 A=P+I
= (180 x 3 x 1.25)/100 = 180 + 6.75
= 675/100 A = ₱ 186.75
I = ₱ 6.75

Word problem:
2. What sum would yield an interest of $36 in 3 years at 3% p.a.?
Solution:
P = 100 x I / R x T
= 100 x 36 / 3 x 3
= 3,600/100
P = $ 400

3. At what rate per cent per annum will $250 amount to $330 in 4 years?
Solution:
R = 100 x I / P x T
= 100 x (330 – 250) / 250 x 4
= 8,000/1,000
R = 8%

4. At what rate per cent per annum will $400 yield an interest of $78 in 1¹/₂ years?
Solution:
R = 100 x I / P x T
 = 100 x 78 / 400 x 1.5
= 7,800/1,000
R = 13%
5. In what time will $400 amount to $512 if the simple interest is the calculated at 14% p.a.?
Solution:
T = 100 x I / P x R
= 100 x (512 – 400) / 400 x 14
= 11,200/5,600
T = 2 YEARS
6. A sum amount to $2400 at 15% simple interest per annum after 4 years. Find the sum.
Solution:
Payable = P (100 + R x T) / 100
2,400 = P (100 + 15 x 4) / 100
2,400 = P x (100 + 60)/100
2,400 = P x 160/100
P = 2,400 x 100 / 160
P = 240,000 / 160
P = $ 1,500
7. Ken borrowed $2000 from Sam at 8% per annum. After 6 year he cleared the amount by giving $2600
cash and a watch. Find the cost of the watch.
Solution:
I = (P x R x T)/100 A=P+I cost of watch = 2,960 – 2,600
= (2,000 x 8 x 6)/100 = 2,000 + 960 = $ 360
= 96,000/100 A = $ 2,960
I = $ 960

8. In how many years will $400 yield an interest of $112 at 14% simple interest?
Solution:
T = 100 x I / P x R
= 100 x 112 / 400 x 14
= 11,200/5,600
 T = 2 YEARS
9. In how many years will $12000 yield an interest of $13230 at 10% simple interest?
Solution:
T = 100 x I / P x R
= 100 x 13,230 / 12,000 x 10
= 1,323,000/120,000
T = 11 1/4 YEARS
10. In how many years will $600 double itself at 10% simple interest?
Solution:
T = 100 x I / P x R
= 100 x 600 / 600 x 10
= 60,000/6,000
T = 10 YEARS
11. At what rate of simple interest will $5000 amount to $6050 in 3 years, 4 months?
Solution:
R = 100 x I / P x T
= 100 x 1,050 / 5,000 x 3.33
= 105,000/16,650
R = 6.31%
12. At what rate of simple interest will the sum of money double itself in 6 years?
Solution:
R = 100 x I / P x T
= 100 x X / X x 6
= 100/6
R = 16 2/3 %
13. Find the simple interest at the rate of 5% p.a. for 3 years on that principal which in 4 years, 8 months
at the rate of 5% p.a. gives $1200 as simple interest.
Solution:
I = (P x R x T)/100 I = (P x R x T)/100
1,200 = (P x 5 x 14)/100 x 3 = (5,142.80 x 5 x 3)/100
P = 1,200 x 100 x 3 / 5 x 14 = 77,142/100
 P = 5,142.8 I = $ 771.42

14. At what rate per cent per annum will $4000 yield an interest of $410 in 2 years?
Solution:
R = 100 x I / P x T
= 100 x 410 / 4,000 x 2
= 41,000/8,000
R = 5 1/8 %
15. Simple interest on a certain sum is ¹⁶/₂₅ of the sum. Find the rate per cent and time if both are
numerically equal. [Hint: (T = R), P = x, S.I. = ¹⁶/₂₅ x]
Solution:
Let sum = X. Then S.I = 16x/25
Let rate = R% and Time = R years.
Therefore, (x * R * R)/100 = 16x/25 => R = 40/5 = 8
Therefore, Rate = 8% and Time = 8 years

16. Simple interest on a sum of money at the end of 5 years is ⁴/₅ of the sum itself. Find the rate per cent
p.a.
Solution:
(P x R x T)/100 = 4/5 P
= P x R x 5/100 = 4/5 P
R = 4/5 x 100/5
R = 16%