INTEREST AND COMMISSION WORKSHEET

Name: _______________________________________________________________________ Section: __________________________________

II. Complete the table

A. Simple Interest

P r t I F
P 2,000 5% 3 years 1. 2.
P 3,500 2% 6 years 3. 4.
P 10,000 3% / quarter 5 years 5. 6.
P16,000 3%/month 4 ½ years 7. 8.
P 30,000 5% semi-annually 4 years 9. 10.

B. Compound Interest
P r t m F
P 2,000 3% 1 year annually 11-12.
P 3,500 6% 2 years monthly 13-14
P 17,000 8% 2 years quarterly 15-16
P 23,000 7% 4 ½ years semi-annually 17-18.
P 40,000 1% 6 years yearly 19-20.

III. Problem Solving on Commissions. Encircle the letter of the correct answer. SHOW COMPLETE SOLUTIONS
21-25. Gerald is a broker who earns commission of 10 % on all securities sales that he makes. For the past year, he
closed sales totalling P 582,268. Find the amount of commission he earned for the year.

26-30. Clyde is a sales engineer receiving a basic monthly compensation of P 15,500 and commission on all sales of
2%. Compute for his gross earnings for the month if he sold P 124,269.

For 31-40
Jennie is a straight commission salesman. She is given commission on the basis of the following schedule:

Monthly Sales
FIRST P 20,000 1%
SECOND P 20,000 2%
THIRD P 20,000 3%
EXCESS AFTER THE THIRD 20,000 4%
31-35. What is her commission if his total sales is P 82,500?

36-40. What is her commission if his total sales is P106,400?