1.

What amount of interest will be charge on ₱15,000 borrowed for six months at simple
interest rate of 15 %.

2. How long will it take for ₱ 8,000 to earn ₱360 at 6%.

3. What is the rate of interest on six-months loan for ₱15,000 if the interest on the loan is
₱1,125.

4. Pia repays her loan for ₱ 40, 250. If the loan was for 15 months at 12% interest, how
much was the principal?

5. A credit union charges ₱600 interest for the use of ₱12, 000 for 90 days. What simple
interest rate is in effect?

6. If Jessica loaned ₱300, 000 from a bank charging 9% simple interest, how much would
she pay at the end of three years?

7. How much will Eric receive if he invested ₱100, 000 for one year and three months at
15% interest?

8. Jane borrowed ₱10, 500 from GSIS at 5% for two years payable monthly for the same
period. How much will be her monthly payment?

9. Francine borrowed ₱50, 000 from her sister Princes that charged 1/3 for the use of her
money. How much will she pay back at the end of 2 years?

10. Emerson repays his loan for ₱20, 400. If the loan
was for 1 year at 2% interest, how much was the principal?

11. If you deposit ₱50,000 in a bank at a 200-day term earning 3%, how much will you get
on maturity day?

12. Solve:
I= ₱8,000 r= 20% t=2 P=_____

13. Solve:
F= ₱160, 000 P=₱100, 000 t=5 r=_____