Subject/ Learning Area: General Mathematics

Name: ____________________________ Grade – Section: ____________ Date: ________

WORKSHEET #1: SIMPLE INTEREST

Directions / Instructions: Solve for the unknown. Shown your complete detailed solution and enclose your
final answer in a box. Use or follow the worksheet template provided

1. A deposit of ₱15000 is made into a fund on March 18, 2021. The fund earns simple interest at 9%.
On August 5, the interest rate changes to 6.5%. How much is in the fund on October 23, 2021
Given: Solution:

Answer/s

2. A loan of ₱45000 is taken out. If the interest rate on the loan is 7%, how much interest is due and
what is the amount to be repaid if the loan was taken out on September 8 and is due in 90 days?
When is the maturity date of the loan?
Given: Solution:

Answer/s
3. The difference between simple interest received from two banks on principal ₱50000 for two years is
₱2500. What is the difference between their rates?
Given: Solution:

Answer/s

4. A certain principal amounts to ₱15000 in 2.5 years and to ₱16500 in four years at the same rate of
interest. Find the rate of interest and principal amount.
Given: Solution:

Answer/s