GENERAL MATHEMATICS

Problem Set
Simple and Compound
Name: ___________________________ Section: ___________ Date: _____________
Solve the following. Show your solution and box your final answers.
1. Robert deposits ₱ 3000 in a Rural Bank which earns him an interest of 8%. What is the
amount he gets after 2 years?
Solution:

2. A bank offers 3% annual simple interest rate for a particular deposit. How much
interest will be earned if ₱ 150,000 is deposited in this savings account for 2.5 years?
Solution:

3. When invested at an annual interest rate of 4%, an amount earned ₱ 12,800 of simple
interest in two years. How much money was originally invested?
Solution:

4. Jun borrowed ₱ 80,000 from a lending company. How many years was the term of the
loan if the total interest was ₱ 12,200 at 7.5%?
Solution:

5. If ₱ 70,000 is deposited into an account that earns simple annual interest. After 2years,
the account balance is ₱ 74,880. What was the annual interest rate?
Solution:

6. What would be the compounded amount if:

a. ₱ 4,500 is invested for 5 years at 8% compounded semi-annually.
Solution:

b. ₱ 100,000 is invested for 18 years at 2.5% compounded annually.

Solution:
7. Accumulate ₱ 1,120 for 15 years compounded quarterly at 6%.
Solution:

8. How long will it take ₱ 20,000 to accumulate ₱ 28,200 if the investment is at 6.5%
compounded monthly?
Solution:

9. Find the present value of ₱ 17,190 if the money was invested for 3 years at 12%
compounded continuously.
Solution: