Lei Justine A.

Sinfuego
11-STEM Velasquez

SIMPLE INTEREST

1. 9 years ago, my mom deposited my money from my baptism 4,000 pesos in BDO at
0.25% interest in 2 years.
P = 4,000 T=2
R = 0.25% = 0.0025
I = PRT
= 4,000(0.0025)(2)
= 20
20 pesos interest in 2 years.

2. My mom deposited 15,000 pesos in BDO paying 2% interest, how much interest earn in
4 years.
P = 15,000 T=4
R = 0.02

= 15,000(0.02)(4)
= 1,200
1,200 pesos interest after 4 years.

3. My Aunt take a loan of 40,000 pesos and invested at a simple interest rate of 6% for 8
months.
P = 40,000 T = 2/3
R = 0.06

= 40,000(0.06)(2/3)
= 1,600
Interest earned in 8 months is 1,600 pesos.
4. My cousin take a loan a total of 1,000,000 pesos with an interest rate of 4% for 6 years.
P = 1,000,000 T=6
R = 0.04

= 1,000,000(0.04)(6)
= 240,000
240,000 pesos interest in 6 years.

5. A teacher purchases a land by obtaining simple interest loan in BDO. The land cost
200,000 pesos and the interest rate on the loan is 10% and the loan is to be paid back in
weekly instalment over 2 years.
P = 200,000 T=2
R = 0.10

= 200,000(0.10)(2)
= 40,000
Totally repayments in 2 years is 240,000 pesos

Weekly payment amount

= 240,000
52x2
= 2,308
2,308 weekly payments.