Simple Interest CHAPTER 3 • Basic Business MatheMatics

Name: Track & Strand: Date: Name: Track & Strand: Date:
Activity 3.1.2. BUDDY, LET’S DISCUSS! Activity 3.1.4. LET’S EVALUATE!
Complete the table below. Show your solution on a separate sheet. I. Test Your Skill
Principal (P) Rate Time Interest (P) Maturity Value (P) Answer the following questions. Show your solution to support your answer.
1. 1,000 3.50% 1 yr and 5 months 1. How much is the principal to earn P1,290 for 3 years at 2.5% simple interest?
2. 0.85% 2.25 years 1,250
3. 50,000 0.005% 2,750
4. 36,700 3 years and 9 months 690
5. 10.20% 25,000 950,000
6. 25,000 4 years and 5 months 19,000 2. At 7.67% simple interest for 3 years and 2 months, what is the maturity value of the
borrowed money amounting to P2,340?

Activity 3.1.3. LET’S DECIDE!

Based from Activity 3.1.1, help Royce and Nigel decide which interest rate to choose to 3. What is the due date, interest, and the maturity value for a P150,000 loan made
meet Royce’s goal. Show your solution to support your answer. on July 30 to Nestor and Peter Lending Company for 14 months at 6.8% interest
rate?

4. Chad earned P370 interest on a P5,890 deposit in an account paying 2.3% interest
rate. For how long in terms of days was the money deposited?

II. Escalate Your Skill

Solve the following problems. Show your solution to support your answer.
1. How much is the accrued interest if Josmond Jude borrowed P30,000
at 6 1 % simple interest 2 years ago?
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