Second Quarter

Lesson 1: Simple Interest

Name: __________________________________________________ Date: _____________

Practice and Application

1. Complete the table by finding the simple interest.

Principal (P) Time (T) Amount of interest

Interest Rate (r)

1 P 72 500 9% 2 yr.

2 P 3000 11% 9 mo.

1
3 P 48 200 15% 3 yr
2
10 3 %
4 P 161 500 5 yr.
5

82%
5 P 450 000 6 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 7% 6 mo.

7 P 140 250 11 % 18 mo.

9 1%
8 P 75 800 3 yr.
2

9 P 340 200 12% 3 yr.

10 P 1 400 500 6% 5 yr.

III. Answer each of the following.
11. Find
a. 100 days from March 11, 2019
b. 120 days from December 7, 2018

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

a. June 12 to October 27
b. August 8 to October 13

13. Find the ordinary and exact interest on P10,000 for 50 days at 9% simple interest.
14. Find the amount due if P240,000 was invested at 5% for 60 days using:
a. Ordinary interest
b. Exact Interest

15. Irene invested P25,000 at 6% simple interest for 4 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 P25,000 in 12 months. What interest rate was he paying?

17. Jun is investing an amount at 10% simple interest for 2 years. If he intends to have P45,000 at the end of the term,
what must be his principal?

18. If Tina wants to earn 9% annual simple interest on an investment, how much should she invest to have P20,000 in 15
months?