Professional Documents
Culture Documents
Activity 1
Simple Interest
1. What is the maturity value if ₱ 20 000 is invested for 3 years at 12% simple
interest?
3. How long will it take for ₱ 8 000 to have a maturity value of ₱15 000, if the
interest rate is 12% simple interest?
4. Mr. Dalisay wishes to have ₱ 1 000 000 in his fund at the end of 15 years. If
he invested ₱ 300 000 at the start of the term, what interest rate is applied?
6. How long will it take for ₱ 35 200 to earn ₱ 7 400 if invested at 5 ½% simple
interest?
7. What simple interest rate is applied if ₱ 5 000 becomes ₱ 5 500 in 100 days?
8. Mr. de Leon borrowed some money at the rate of 5% per annum for the first 2
years, at the rate of 9% per annum for the next 3 years, and at the rate of
12% per annum for the period beyond 5 years. If he pays a total interest of
₱ 10 625 at the end of 9 years, how much money did he borrow?
9. Find the exact and ordinary interest earned if ₱ 40 000 is invested at 15%
simple interest for 200 days.
10. Determine the interest and maturity value of ₱ 70 000 if it is invested a 15%
simple interest for 145 days using exact and ordinary interest.
Activity 2
Simple Discount
1. Find the proceeds of ₱ 50 000 due at the end of 8 months if the discount rate
is 10 ½%?
3. Discount (or find the present value of) ₱ 20 000 for 150 days at a discount
rate of 7%.
5. How long will it take for ₱ 20 500 to amount to ₱ 30 000, if the discount rate is 5
4/5%?
6. ABC bank charges 10 ¼% for discounting loans. If Aldrin agrees to repay
₱ 55 000 after 7 months, how much does he receive now?
7. If ₱ 25 000 is the present value of ₱ 30 500 due at the end of 16 months, find
the discount rate.
8. Mary needs ₱ 100 000 on June 12, 2018, and will settle the loan on February
12, 2019. What is the size of the loan she should borrow from Mr. Sotto who
charges 5% discount rate?
10. If ₱ 11 200 is the present value of ₱ 13 700 due at the end of 16 months, find
a. discount interest rate
b. simple interest rate
Activity 3
Compound Interest
1. Find the present value of ₱ 300 000 due at the end of 5 years if it is invested
at 5% compounded:
a. annually
b. semi-annually
c. quarterly
d. monthly
2. What sum is needed to accumulate to ₱ 50 000 in 3 years and 5 months if the
interest rate is 7% compounded monthly?
3. Jake wants to have ₱ 20 000 in 2 years to buy a new cell phone. How much
money should he invest today in a fund that earns 3% compounded quarterly
to get this amount?
4. How much must be deposited today in a bank to accumulate ₱ 100 000 after
5 years if the money earns 3.5% compounded semi-annually?