Professional Documents
Culture Documents
Department of Education
Region 02 (Cagayan Valley)
Schools Division of Isabela
MANUEL L. QUEZON NATIONAL HIGH
SCHOOL
DIRECTIONS: Analyze and solve the following problems, show your complete solution. (5points/each)
1. A bank offers 1.5% annual simple interest rate for a particular deposit. How much interest will
be earned if 1 million pesos is deposited in this savings account for 1 year?
Given: Solution:
P=
r=
t=
10