Patrick Josh P.

Collado
BSIT-1A

APPLICATION
A.

I P r t F
₱6,800 ₱15,500 17.55% 2years, 6 ₱22.300
months
₱5,350 ₱38,214.29 3.5% 4 years ₱43,564 .29

₱4,838.63 ₱25,300 4½% 4years,3 ₱30,138.36

months
₱4,350 ₱23,450 3.59% 5 years, ₱27,800
2months
₱9,487.5 ₱55,000 5.75% 3 years ₱64,478.5

Solution:
1.)
I = ₱6,800 I = F-P r = I/Pt
P = ₱15,500 I = ₱22,300 - ₱15,500 r = ₱6,800/(₱15,500)(2.5)
r = 17.55% I = ₱6,800 r = ₱6,800/₱38,750
t = 2 years,6 months or 2.5 r = 0.1755 x 100% = 17.55%
F = ₱22,300

2.)
I = P5,350 P = I/rt F=P+I
P = ₱38,214.29 P = ₱5,350/(0.035)(4) F = ₱38,214.29 + ₱5,350
r = 3.5% or 0.035 P = ₱5,350/0.14 F = ₱43,564.29
t = 4 years P = ₱38,214.29
F = ₱43,564.29

3.)
Patrick Josh P. Collado
BSIT-1A

I = ₱4,838.63 I=P×r×t F=P+I

P = ₱25,300 I = (₱25,300)(0.045)(4.25) F = ₱4,838.63 + ₱25,300
r = 4 ½ years or 0.045 I = ₱4,838.63 F = ₱30,138.63
t = 4.25
F = ₱30,138.63

4.)
I = ₱4,350 r = I/rt F=P+I
P = ₱23,450 r = ₱4,350/(₱23,450)(5.17) F = ₱23,450 + ₱4,350
r = 3.59% r = ₱4,350/₱121,166.15 F = ₱27,800
t = 5.17 years r = 0.0359 x 100% = 3.59%
F = ₱27,800

5.)
I = ₱9,487.5 I=P×r×t F=P+I
P = ₱55,000 I = (₱55,000)(0.0575)(3) F = ₱55,000 + ₱9,487.5
r = 0.575 I = ₱9,487.5 F = ₱64,487.5
t = 3 years
F = ₱64,487.5

B.
1.
I = ₱189 I=P×r×t F=P+I
Patrick Josh P. Collado
BSIT-1A

P = ₱20,000 I = (₱20,000)(0.0525)(0.18) F = ₱20,000 + ₱189

r = 5.25% or 0.0525 I = ₱189 F = ₱20,189
t = 65 days or 0.18 years
F = ₱20,189

2.)
I = ₱2,750 r = I/Pt
P = ₱15,800 r = ₱2,750/(₱15,800)(2.25)
r = 7.74% r = ₱2750/₱35,550
t = 2.25 years r = 0.0774 or 7.74%

3.)
I = ₱2,750 I=P×r×t F=P+I
P = ₱50,000 I = (₱50,000)(0.055) F = ₱50,000 + ₱2,750
r = 5 ½ or 0.055 I = ₱2,750 F = ₱52,750
t = 1 year
F = ₱52,750

4.)
I = ₱2,700 P = I/rt
P = ₱205,714.29 P = ₱2,700/(0.0525)(0.25)
r = 5.25% or 0.0525 P = ₱2,700/0.013125
t = 3 months or 0.25 year P = ₱205,714.29

5.)
I = ₱2,500 t= I/Pr
Patrick Josh P. Collado
BSIT-1A

P = ₱20,000 t = ₱2,500/(₱20,000)(0.0475)
r = 0.0475 t = ₱2,500/950
t = 2.63 years t = 2.63157894737 or 2.63 years