SIMPLE INTEREST

Problem 2

Sophia borrowed ₱25,000 from a lending

corporation that charges 12% interest with an
agreement to pay the principal and the
interest at the end of the term. If she paid
₱35,500 at the end of the term, for how long
did she use the money?
Problem 3

Julianne needs ₱57,300 to buy cooking

equipment for her new house. She is willing
to pay the interest of P7,735.5 if she borrows
the said amount from the bank. If she intends
to pay her obligation within 30 months, what
must be the interest rate of her loan?
Problem 4

Ian wishes to have ₱36,500 after 1 year and 3

months to be used for their educational tour.
How much should he invest in his account
today if the interest rate is
Problem 5

To finance her new business, Faith borrowed

₱124,000 from her brother with an
agreement to pay the amount together with
the interest at the end of 4 year and 9
months at interest rate. How much did Faith
pay her brother?
Problem 5

To finance her new business, Faith borrowed

₱124,000 from her brother with an
agreement to pay the amount together with
the interest at the end of 4 year and 9
months at interest rate. How much did Faith
pay her brother?
SEATWORK

Maturity Value Principal Interest Rate Time

1 ₱ 5,200 2 6% 2 years

₱ 28,300 3 ₱ 2,345 4 3 years

₱ 75,345 ₱ 50,000 5 2% 6

7 ₱ 16,390 8 4.5% 18 months

₱ 15,330 ₱ 11,000 9 8.25% 10