GEN MATH

Criszel Limuco

Annyeong
 Jungwon-ahh! Your teacher told me that you don't
know Simple Interest. Is that true?!

Aniyoo, i know what Simple Interest is. I will

explain it so that you'll believe me
Simple
Interest
Simple interest is an interest charge that
borrowers pay lenders for a loan. It is calculated
using the principal only and does not include
compounding interest. Simple interest relates not
just to certain loans. It's also the type of interest
that banks pay customers on their savings
accounts.
 Is that all?! Tell us more about it!

Simple Interest is calculated using the following formula: SI = P ×

R × T, where P = Principal, R = Rate of Interest, and T = Time
period. Here, the rate is given in percentage (r%) is written as
r/100. And the principal is the sum of money that remains constant
for every year in the case of simple interest.
 2 FORMULA FOR
SIMPLE INTEREST
The formula for simple interest is SI = P × R × T / 100, where
SI = simple interest, P = principal amount, R = the interest rate
per annum, and T = the time in years. To calculate the simple
interest (SI), multiply the principal amount by the interest rate
and the time in years, and then divide it by 100.
Let's talk about the formula
 Let's give Jungwon an activity for us to
know if he really knows the simple
interest

Go on! I am sure that I can answer that

Find the present value of ₱2,000 which is due at

the end of 90 days at 5% simple discount.
These are the givens:

F = ₱2,000

t = 1/4

d = .05
 ACTIVITY
CARD

1. Jungwon makes a repayment

of Rs 9000 on the Rs 700 he borrowed over a two-year
period.
Find the interest rate.
 SOLUTION AND ANSWER

1. Jungwon makes a repayment of Rs 9000 on

the Rs 7000 he borrowed over a two-year
period. Find the interest rate.
 ASSESSMENT CARD
1.Ryan deposite d $2,000 in a saving accout at the
interest rate of 4% per year. How much simple
interest will be earn in 5 years?

A. $800 B. $ 1,000 C. $450 D. $400

2. Garcia borrowed $4,000 from his cousin Susan at the rate of
8% per annum. He repaid the amount after two years. How much
did he repay?
A. $640 B. $6,640 C. $4,640 D. $3, 360
3. Tracy put $3, 500 into an investment yielding 4.5% annual interest. She left the money
in for 8 years. How much interest does she get in those 8 years?

A. $1, 260 B. $4,760 C. $ 2, 240 D. $1, 860

 ENRICHMENT CARD
1. A man invested of his capital at 7% at 8% and remainder at 10%. If his
annual income in Rs. 561, the capital is:

A. Rs. 5400 B. Rs. 6000 C. Rs. 6600 D. Rs.7200

2. A sum put a simple interest at a certain rate for 2 years. Had it been put at 1%
higher rate. It would have fetched Rs. 24 more. The sum is:

A. Rs.600 B. Rs1200 C. Rs.800 D. Rs.480

3. A sum of Rs. 2600 is lent out in two parts in such a way that the interest on one part
at 10% for 5 years is equal to that on another part at 9% for 6 years. The sum lent out
at 10% is:
A. Rs. 1150 B. Rs.1250 C. Rs. 1350 D. Rs.1450
 REFERENCE
CARD
https://www.henry.k12.ga.us/cms/lib
08/GA01000549/Centricity/Domain
/849/Simple%20Interest.pdf

https://
images.app.goo.gl/
QHpTArZj5c4UWgLMA
 LET'S
CHECK
YOUR
ANSWERS
 ARE
YOU
READY?
ANSWER KEY
CARD
ASSESSMENT
1. D 2. C 3. A

ENRICHMENT
1. C 2. B 3. C