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Second Quarter

Lesson 1: Simple Interest

Name: __________________________________________________ Date: _____________

Practice and Application


1. Complete the table by finding the simple interest.
Principal (P) Interest Rate (r) Time (T) Amount of interest

1 P 72 500 8% 3 yr.

2 P 3000 12% 6 mo.

1
3 P 48 200 11% 2 2 yr

10 4 %
4 P 161 500 4 yr.
5

91%
5 P 450 000 5 yr.
4

II. Complete the table by finding the maturity value.


Principal Value (P) Interest Rate Time (t) Maturity Value (A)

6 P 35 600 6% 9 mo.

7 P 140 250 10 % 15 mo.

8 1%
8 P 75 800 2 yr.
2

9 P 340 200 11% 6 yr.

10 P 1 400 500 9% 10 yr.

III. Answer each of the following.


11. Find
a. 50 days from March 11, 2019
b. 150 days from December 7, 2018

12. Find the number of days between each set of date:


a. June 12 to September 27
b. August 8 to December 13
13. Find the ordinary and exact interest on P10,800 for 5 days at 8% simple interest.
14. Find the amount due if P120,000 was invested at 10% for 160 days using:
a. Ordinary interest
b. Exact Interest

15. Irene invested P25,000 at 16% simple interest for 6 years.


a. How much interest will be earned?
b. What is the future value of the investment at the end of 6 years?

16. Ana borrows P20,000 from her uncle and agrees to pay him P22,000 in 15 months. What interest rate was he paying?

17. Jun is investing an amount at 15% simple interest for 3 years. If he intends to have P48,200 at the end of the term, what
must be his principal?

18. If Tina wants to earn 10% annual simple interest on an investment, how much should she invest to have P30,000 in 9
months?

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