Week 3 Lesson 3 – Time/Period

Hi there! Welcome back to our class!

Today, we will continue with our discussion about Simple
Interest. But before that, let us have first a short prayer. May I
request you to do the praying position and recite the prayer that
follows.

Before we will proceed with our discussion today, let us recite first
the Paulinian Affirmation which will be our guiding principle in this
lesson.

“As a Christ-centered Paulinian, I am a

credible, responsive communicator and team
player, building community through active
collaboration.”
 Our lesson today is about Time/Period. In this lesson,
you will learn the following:
 solves percent problems involving Time/Period.

 What is simple interest?

 What is the formula needed to solve simple interest?
 What is the principal?
 What is the formula needed to solve for the Principal?
 What is the formula needed to solve for rate?

For you to recall about the lesson discussed last

week, please watch the videos on this link:
 https://www.youtube.com/watch?
v=NCYNXkbTTUo
 https://youtu.be/wV1divd5EMI
 https://youtu.be/HMYktVGR1Z4
 Let’s Get Started

Solving for Time/Period

Time = Interest .
Principal x Rate

 Principal – Principal amount borrowed or invested

 Interest – Interest paid or earned (extra money that is added onto)
 Rate – Rate of interest always a percent
 Time – amount of time always in years

Example:
Find Time when, Principal = ₽1,500; Interest = ₽450; Rate = 5%
Solution:
Time = Interest .
Principal x Rate
Step 1: Substitute the known variables.
Time = ₽450 .
₽1,500 x .05
Step 2: Calculate the denominator first.
₽1,500 x .05 = 75
Step 3: Divide the numerator by the denominator.
Time = ₽450 .
75
Time = 6 years
Solving for Time/Period

Time = Interest .
Principal x Rate

Example:
Problem:
In what time will ₽2000 with total amount to ₽2700 at the rate of 5% simple
interest?
Solution:
Time = Interest .
Principal x Rate
Step 1: Substitute the known variables.
Time = ₽700 .
₽2000 x .05
Step 2: Calculate the denominator first.
₽2000 x .05 = 100
Step 3: Divide the numerator by the denominator.
Time = 700 .
100
Time = 7 years
 Let’s Practice!
Activity 1
Find the time/period of each item.

1) Interest = ₽140
Principal = ₽1,750
Rate = 4%

2) Interest = ₽735
Principal = ₽3,500
Rate = 5.25%

3) Interest = ₽225
Principal = ₽5,000
Rate = 7.5%

4) Interest = ₽78
Principal = ₽2,500
Rate = 4.5%

5) Interest = ₽50
Principal = ₽900
Rate = 3.75%

Activity 2
 Find the time/period of each problem.

1) In simple interest, a sum of money doubles itself in 10 years. Find the number of years
it will take to triple itself. 

2) A sum of money placed at compound interest doubles itself in 3 years. In how many
years will it amount to four times itself?

3) In simple interest, a sum of money doubles itself in 10 years. Find the number of years
it will take to triple itself. 

4) Find the amount of time it will take to earn ₽100 in simple interest if you deposited
₽1000 into an account that earns 2% interest.

A. Directions: Complete the table by solving for the

Time/Period.
 Principal Interest Rate Time
1. ₽2,500 ₽230 3%
2. ₽1,590 ₽300 4.5%
3. ₽10,000 ₽900 6%
4. ₽7,800 ₽200 5.75%
5. ₽2,670 ₽150 5%
6. ₽5,500 ₽190 3%
7. ₽11,000 ₽1,000 2%
8. ₽25,500 ₽5,000 2.4%
9. ₽9,900 ₽200 5.4%
10. ₽12,00, ₽450 6%

B. Directions: Read and answer each problem. Make sure to show

your solution.
1. For how many months must ₽95,000 be invested to earn ₽1,187.50 of simple
interest at an interest rate of 5%?

2. How long does it take a principal of ₽25, at a simple interest rate of 5% to become
₽30,000?
3. How long does it take a principal payment to triple at a simple interest rate of  ?

4. Ryan bought ₽15,000 from the national bank with 10% rate, ₽9,000 as interest while
clearing the loan, find the time for which the loan was given.

5. A loan of ₽1200 had ₽36 in interest. The rate was 6%. What was the length of the loan?