SH1902

Name:

Interest

Direction: Solve the following problems. Show your solution.

1. Jessie deposited P150,000 in an account that pays 3% simple interest. How much
interest will he earn after 10 years?

2. Danilo deposited P20,000 in a savings account for a year at 1% compounded annually. How
much will the interest of Danilo’s investment be at the end of the year?

3. Aaron deposited P 15,000.00 in a savings account. After five (5) years, his account summed up
to P15,161.51. How much is the interest in Billy’s investment?

4. Suppose you are depositing an amount today in an account that earns 5% interest, compounded
annually. If your goal is to have P1,000,000 in the account at the end of six years, how much
must you deposit in the account today?

06 Activity 1 *Property of STI

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