Name: ______________________________________ Score: _________________

Course and Section:__________________________ Date: _________________

ACTIVITY NO. 1

Answer each of the following problems by identifying the given information, required unknown,
formula(s) to be used. Compute for the unknown then label your final answer properly.

I. Simple Interest
1. Find the interest paid by MJ on ₱11,000 that she borrowed for three years at 4% simple
interest.
2. Determine the simple interest to be paid by MJ if he borrowed ₱3,500 at 5 ¼% for 10
months.
3. At what rate of interest did Joyce invest the amount of ₱10,500 for it to earn a simple
interest of ₱1,500 for 3 years?
4. How much was borrowed by Mariane if the interest she paid after 6 months at 7.5%
simple interest is ₱1,000?
5. How long should Donna invest the amount of ₱90,000 to earn an interest of ₱4,500 at 7
½% simple interest? Express your answer in exact number of years/months/days.

I. Ordinary and Exact Interest

1. Criz plans to deposit an amount of ₱10,000 for 400 days at 4 ¾% simple interest. How
much would the interest be if she opts to deposit it at ordinary simple interest and exact
simple interest?
2. For 350 days, what would be the ordinary and exact interest if Michael invested ₱13,500
at 5 ¾%?
3. Use exact interest to find the interest and final amount due on ₱20,345 for 650 days at
10.25%.
4. Use ordinary interest to find the final amount due on ₱4,150 for 400 days at 12.75%?
5. How much interest would Jen gain if she deposits an amount of ₱15,000 for 475 days at
6 ¼% ordinary simple interest?