1. Julio borrowed $1,100 from Maria five months
ago. When he first borrowed the money, they When she first borrowed the money, they agreed that
agreed that he would pay Maria 5% simple
interest. If Julio pays her back today, how much
interest does he owe her?
2. Daniel borrowed $13,000 from Kathryn with
interest rate of 4% due for 50 days. Compute
for the exact simple interest.
3. Jasmine deposits $520 into a savings account
that has a 3.5% interest rate compounded
monthly. What will be the balance of Jasmine’s
savings account after two years?
4. A credit card account had a ₱20,000.00
balance on November 3. A purchase of
₱12,000.00 was made on November 10 and a
payment of ₱5,000.00 was made on November
18. Another ₱2,000.00 was charged on
November 28. Find the finance charge with an
interest rate of 5% and the average daily
balance if the billing date is December 3.
5. A farmer has 432 yards of fencing and wishes
to fence three sides of a rectangular field (the
fourth side is along an existing stone wall, and
needs no additional fencing). Find the
dimensions of the rectangular field of largest
area that can be fenced.
6. What is the maximum product of two positive
numbers whose sum is 96?
1. Jennie borrowed $11,000 from Lisa three
months ago. When she first borrowed the
money, they agreed that she would pay Lisa 4%
simple interest. If Jennie pays her back today,
how much interest does she owe her?
2. Andrea borrowed $13,500 from Daniel with
interest rate of 5% due for 70 days. Compute
for the ordinary simple interest.
3. Ken deposits $550 into a savings account that
has a 5% interest rate compounded quarterly.
What will be the balance of Ken’s savings
account after two years?
4. A credit card account had a ₱10,000.00
balance on November 3. A purchase of
₱1,200.00 was made on November 10 and a
payment of ₱5,000.00 was made on November
18. Another ₱200.00 was charged on
November 28. Find the finance charge with an
interest rate of 5% and the average daily
balance if the billing date is December 3.
5. A farmer has 336 yards of fencing and wishes
to fence three sides of a rectangular field (the
fourth side is along an existing stone wall, and
needs no additional fencing). Find the
dimensions of the rectangular field of largest
area that can be fenced.
6. What is the maximum product of two positive
numbers whose sum is 84?
1. Jisoo borrowed $13,100 from Rosé four months ago.
she would pay Rosé 5% simple interest. If Jisoo pays
her back today, how much interest does she owe her?
2. Josh borrowed $12,000 from Stell with interest rate
of 4.5% due for 60 days. Compute for the exact simple
interest.
3. Kathryn deposits $600 into a savings account that
has a 4% interest rate compounded annually. What will
be the balance of Kathryn’s savings account after two
years?
4. A credit card account had a ₱14,000.00 balance on
November 3. A purchase of ₱2,000.00 was made on
November 10 and a payment of ₱3,000.00 was made
on November 18. Another ₱2,000.00 was charged on
November 28. Find the finance charge with an interest
rate of 5% and the average daily balance if the billing
date is December 3.
5. A farmer has 520 yards of fencing and wishes to
fence three sides of a rectangular field (the fourth side
is along an existing stone wall, and needs no additional
fencing). Find the dimensions of the rectangular field of
largest area that can be fenced.
6. What is the maximum product of two positive
numbers whose sum is 102?
1. Julio borrowed $1,100 from Maria five months ago.
When he first borrowed the money, they agreed that he
would pay Maria 5% simple interest. If Julio pays her
back today, how much interest does he owe her?
2. Daniel borrowed $13,000 from Kathryn with interest
rate of 4% due for 50 days. Compute for the exact
simple interest.
3. Jasmine deposits $520 into a savings account that
has a 3.5% interest rate compounded monthly. What will
be the balance of Jasmine’s savings account after two
years?
4. A credit card account had a ₱20,000.00 balance on
November 3. A purchase of ₱12,000.00 was made on
November 10 and a payment of ₱5,000.00 was made
on November 18. Another ₱2,000.00 was charged on
November 28. Find the finance charge with an interest
rate of 5% and the average daily balance if the billing
date is December 3.
5. A farmer has 432 yards of fencing and wishes to
fence three sides of a rectangular field (the fourth side
is along an existing stone wall, and needs no additional
fencing). Find the dimensions of the rectangular field of
largest area that can be fenced.
6. What is the maximum product of two positive
numbers whose sum is 96?