GENERAL MATHEMATICS

Name: ____________________________________________________ Date: __________________ SCORE:

Strand/Year/Section: _____________________
Activity 3 (2nd Qtr.)
COMPOUND INTEREST
(Compounding once in a year)

Solve the following problems. Show your solution provided for each item. (5 points each)

1. Sam borrowed P100,000 at 8% compounded annually. How much will she be paying after 2 years?
Given: (1 pt.)

Find: (1 pt.)

Solution: (2 pts.)

Answer: (1 pt.)

2. Mr. Catacutan aims to have his investment grow to P500,000 in 4 years. How much should he invest in an
account that pays 5% compounded annually?

Given:

Find:

Solution:

Answer:

3. Find the compound amount on deposit at the end of 7 years if P20,000 is deposited at 4% compounded annually.
Given:

Find:

Solution:

Answer: