Samantha Gabrielle M. Tirana 11- St.

Michael

PROJECT IN GENERAL
MATHEMATICS :
SIMPLE INTEREST
 PROBLEM #1 Given:

One time, while I was talking to

Interest rate (R): 3.5%/100
Gabrielle, she told me that she
deposited a particular amount of
= 0.035
money at a bank with a simple
Interest (I) = 1,260,000
interest rate of 3.5%. Her money
earned P 1,260,000 of simple
interest in 6 years. How much Time (T) = 6
money did Gabrielle originally
deposited 6 years ago?

Unknown : Principal Amount (P)

 SOLUTION TRIANGULAR MODEL
To solve for the Principal
amount, we will use the formula :
P= I
rt I
P= 1,260,000
Therefore, the
0.035(6)
original amount
R
P
P= 1,260,000
0.21
that was
deposited was P T
P= 6,000,000 6,000,000.
 PROBLEM #2
After 5 years of marriage, Violet and Finch decided to
deposit their savings amounting to P500,000. The bank offers
1.5% annual simple interest rate. How much interest will be
earned if their money is deposited in their savings account
for 3 years?

GIVEN:

Principal (P) = 500,000 Time (T) = 3

Interest rate (R) = 1.5%/100 Unknown : Interest (I)

= 0.015
TRIANGULAR MODEL SOLUTION
To solve for the interest, we will
use the formula:

I I= P x R x T

I= 500,000 (0.015)(3)
I= 500,000 (0.045)
R I= 22, 500
P T Therefore, the interest earned
for 3 years is P22,500.
 PROBLEM #3 Given:

My friend who is a businessman

wants to buy a van for delivering Interest (I) = 96,000
supplies to their customers so
he applied for a loan in a bank Principal (P)= 400,000
amounting to P 400,000 with
simple interest of P 96,000 for 4
Time (T) = 4
years. What interest rate is
being charged?

Unknown : Interest Rate (R)

 SOLUTION TRIANGULAR MODEL
To solve for the rate, we will
use the formula:
R= I
Pt
I
R= 96,000
Therefore, the
400,000 (4)
R= 96,000
interest rate being
R
1,600,000
R= 0.06 x 100 = 6%
charged is 6%
P T
 PROBLEM #4

Sammie has a multimillion business empire that wants to

invest P 50,000,000 at 5% interest rate per annum. How
many years will it take to have the expected interest of
P 15,000,000?

GIVEN:

Principal (P) = 50,000,000 Interest rate (R) :

5%100= 0.05
Interest (I) = 15,000,000 Unknown: Time (T)
 SOLUTION: TRIANGULAR MODEL
To solve for the time, we will use
the formula:
T= I
Pr

T= 15,000,000 I
50,000,000 (0.05)
T= 15,000,000
2,500,000 R
T= 6
Therefore, it will take 6 P T
years to achieve an
interest of P15,000,000
 PROBLEM #5

To start her restaurant business, Sakura borrowed P 2,000,000 from a

bank where she needs to pay an interest rate of 8% annually with 5 years
to pay. What is the maturity value that she needs to pay back to the
bank after 5 years?

GIVEN:

Principal (P) = 2,000,000 Interest rate (R)= 8%/100

= 0.08

Time (T) = 5 Unknown : Maturity Value (S)

 SOLUTION # 1 TRIANGULAR MODEL
The maturity value can be solved by
adding the interest with the principal
mount, but since there is no interest,
we will first use the formula : I
I= P x R x T

I= 2,000,000 (0.08) (5)

R
I= 800,000
S= 2,000,000 + 800,000
P T
S=2,800,000
 SOLUTION # 2
Another way or the simpler way of solving for the
maturity value when there is no interest given is by
using the formula:

S= P (1 + rt)

S= 2,000,000 (1 + (0.08)(5))
S= 2,000,000 (1 + (0.4))
S= 2,000,000 (1.4) Therefore the maturity
S= 2,800,000 value is P 2,800,000
THAT'S ALL !

THANK YOU !