Agumbay,Shaquel C. Marie Isabelli U.

Mondejar
XI-Creativity XI- Creativity

FORMULA CARD IN GEN-MATH FORMULA CARD IN GEN-MATH

LESSON 2.1 SIMPLE INTEREST LESSON 2.1 SIMPLE INTEREST

Simple Interest Formula: 𝐼𝑠 = 𝑃𝑟𝑡 Simple Interest Formula: 𝐼𝑠 = 𝑃𝑟𝑡

𝐼𝑠 𝐼𝑠
Principal Formula: 𝑃 = 𝑟𝑡 Principal Formula: 𝑃 = 𝑟𝑡
𝐼𝑠 𝐼𝑠
Time of Term Formula: 𝑇 = 𝑃𝑟 Time of Term Formula: 𝑇 = 𝑃𝑟
𝐼𝑠 𝐼𝑠
Interest Rate: 𝑅 = Interest Rate: 𝑅 =
𝑃𝑡 𝑃𝑡

Future Value: 𝐹 = 𝑃(1 + 𝑟𝑡) Future Value: 𝐹 = 𝑃(1 + 𝑟𝑡)

Maturity Value 𝐹 = (𝑃 + 𝐼𝑠) Maturity Value 𝐹 = (𝑃 + 𝐼𝑠)

Time Conversion Time Conversion

• 1 Year – 12 months • 1 Year – 12 months
• 1 Year – 52 weeks • 1 Year – 52 weeks

LESSON 2.2 COMPOUND INTEREST LESSON 2.2 COMPOUND INTEREST

Compound Interest Formula: 𝐼𝑐 = 𝐹 − 𝑃 Compound Interest Formula: 𝐼𝑐 = 𝐹 − 𝑃

𝐼𝑐 𝐼𝑐
Principal Formula: 𝑃 = 𝑟𝑡 Principal Formula: 𝑃 = 𝑟𝑡
𝐼𝑐 𝐼𝑐
Time of Term Formula: 𝑇 = 𝑃𝑟 Time of Term Formula: 𝑇 = 𝑃𝑟
𝐼𝑐 𝐼𝑐
Interest Rate: 𝑅 = Interest Rate: 𝑅 =
𝑃𝑡 𝑃𝑡

Maturity/Future Value: 𝐹 = 𝑃(1 + 𝑟)𝑡 Maturity/Future Value: 𝐹 = 𝑃(1 + 𝑟)𝑡

Present Value Present Value

𝐹 𝐹
• 𝑃 = (1+𝑟)𝑡 • 𝑃 = (1+𝑟)𝑡
• 𝑃 = 𝐹(1 + 𝑟)−𝑡 • 𝑃 = 𝐹(1 + 𝑟)−𝑡

LESSON 2.3 COMPOUNDING MORE LESSON 2.3 COMPOUNDING MORE

THAN ONCE A YEAR THAN ONCE A YEAR

Maturity/Future Value: Maturity/Future Value:

𝑚𝑡 𝑚𝑡
𝑖 (𝑚) 𝑖 (𝑚)
𝐹 = 𝑃 (1 + ) 𝐹 = 𝑃 (1 + )
𝑚 𝑚

Present Value at Compound Interest: Present Value at Compound Interest:

𝐹 𝐹
• 𝑃= (𝑚) 𝑚𝑡
• 𝑃= (𝑚) 𝑚𝑡
𝑖 𝑖
(1+ ) (1+ )
𝑚 𝑚
−𝑚𝑡 −𝑚𝑡
𝑖 (𝑚) 𝑖 (𝑚)
• 𝑃 = 𝐹 (1 + ) • 𝑃 = 𝐹 (1 + )
𝑚 𝑚

Continuous Method: Continuous Method:

• 𝐹 = 𝑃(𝑒)𝑟𝑡 • 𝐹 = 𝑃(𝑒)𝑟𝑡