Solve Problems

Involving Interests
and Commissions
 Mr. Abordo, a gadget agent, sold
laptops for Php 30,000 and got a
Php 600 commission. What was his
commission rate?
Mr. Abordo, a gadget agent, sold laptops for Php
30,000 and got a Php 600 commission. What was his
commission rate?

Commission rate = (commission ÷ amount of purchased x 100%)

= (Php 600 ÷ Php 30,000 x 100%)
= 2%
Ace invested his savings at an annual
interest rate of 6%, the amount
earned Php 112,000 of simple interest
in two years. How much money was
originally invested?
Ace invested his savings at an annual interest rate of 6%, the
amount earned Php 112,000 of simple interest in two years.
How much money was originally invested?
 Find the maturity value and the
compound interest if Janna borrowed
money of Php 56,000 compounded
semi-annually at an interest rate of
2% in 5 years.
Find the maturity value and the compound interest if
Janna borrowed money of Php 56,000 compounded
semi-annually at an interest rate of 2% in 5 years.
• P = Present Value = Php 56,000
• i = nominal rate = 2% = .02
• m = frequency of conversion = 2 ( semi-annually)
• t = time in years = 5 yrs.
Find the maturity value and the compound interest if
Janna borrowed money of Php 56,000 compounded
semi-annually at an interest rate of 2% in 5 years.

• P = Present Value = Php 56,000

• F = Php 61. 858.84
Interest = Future value – Present value
= Php 61,858.84 – Php 56,000 Interest
= Php5,858.84
A person borrowed Php 1,400,000 for
the purchase of a car. If his monthly
payment is Php 29,000 on a 5-year
mortgage, find the total amount of
interest.