GENERAL MATHEMATICS

Name: ____________________________________________________ Date: __________________ SCORE:

Strand/Year/Section: _____________________

Activity 2 (2nd Qtr.)

SIMPLE INTEREST
Solve the following problems. Show your solution provided for each item. (5 points each)

1. How much money you will have after 4 years and 3 months if you deposited P10,000 in a bank that pays
0.5% simple interest?

Given: (1 pt.)

Find: (1 pt.)

Solution: (2 pts.)

Answer: (1 pt.)

2. How long will 1 million pesos earn of 100,000 at 1% per annum?

Given:

Find:

Solution:

Answer:

3. How much should you invest, and the simple interest is 7.5% to have P300,000 in 2 years?

Given:

Find:

Solution:

Answer: