Professional Documents
Culture Documents
MATHEMATICS
Simple Interest
http://mpmsjaguars.weebly.com/uploads/1/3/3/7/13374007/simple
-interest.
ppt
INTEREST- is a sum of money received or paid
for the use of someone else’s money.
M = P + I = P(1 + rt)
Ex:
A deposited Php50,000 t 1.25% for 1 year. Find
the simple interest and the maturity value.
I =Prt
= (Php50,000) (0.0125) (1) = Php625
M = Php50,000 +Php625 = Php50625