Complete the table.

 
A. 
Principal Rate Time Interest Maturity
Value

₱60,000 4% 3.5 years ₱8,400 ₱68,400

₱3136.36 2.2% 5 years ₱345 ₱3481.36

₱125,000 2% 4 years ₱10,000 ₱135,000

SOLUTIONS

1. I =Prt F=P(1+rt )
I =60,000 ( 0.04 )( 3.5) F=60,000(1+0.04 (3.5 ))
I =₱ 8,400 F=¿₱68,400

I F=P(1+rt )
2. P=
rt F=3136.36(1+0.022 ( 5 ) )
345 F=₱ 3481.3596
P=
0.022(5)
P=₱ 3481.36

3. I =F−P I
t=
I =135,000−125,000 Pr
I =₱ 10,000 10,000
t=
125,000(0.02)
t=4 years