1. Point 1. Find the simple interest of S/. 4000 placed for 6 days at 36% per year.

C=4000
6
t=6 días= años
360
i=36 % anual=0 , 36
I =C∗t∗i=4000 ×6 × 0 ,36
6
I =4000× 0 , 36× =¿
360
I =24

2. Point 2. What simple interest can be paid on May 18, if S/. 5000 at an annual rate of 24%?
C=5000
33
t=1 mes y 3 días=33 días→ años
360
i=24 % anual=0 ,24
I =C∗t∗i
33
I =5000 ×0 , 24 ×
360
I =110

3. Point 3. What is the simple interest of S/. 3,000 in 8 months at 48% annually?

Because the rate is annual we can express it in months (48/12) because the period is in
months.

I =?
P=3,000
i=0 , 04

n=8
I =3,000 x 8 x 0.04=960

4. Point 4. How much will a capital of S/. 10,000 in one year, 2 months and 26 days at 24%
simple interest per annum?

Because the rate is annual we can express the time period in years (446/360)
 I =? I = 10,000 x 0.24 x 446/360
Q = 10,000 I = 2973.3333
Yo = 0, 24
n = 446/360

5. Point 5. Calculate the simple interest of S/. 2,000 at 2.5% monthly from March 12 to June 15
of the same year.

I =? Number of days I = 2.000 x 0.025 x 95/30

P = 2,000 March = 19 I = 158.33
i = 0.025 April = 30
n = 95/30 May = 31
June = 15
Total 95

6. Point 6. 6. What capital placed at 24% per year has produced S/. 300 simple interest at the
end of 18 weeks?

In 18 weeks there are 126 days (18 x 7 = 126), which, expressed as a function of
the annual rate, give rise to: n = 126/360. Replacing the data from the problem
we have the equation 300 = P x 0.24 x 126/360, which has the following
solution:

P=? P = 300 .
i = 0.24 0.24 x 126/360
I = 300
n = 126/360 P = 3,571.43

7. Point 7. What will be the capital that will have produced simple interest S/. 800 in 7 quarters
at 26% annually?

In 7 quarters there are (7/4) years, the same ones that expressed as a function
of the annual rate give rise to: n = 7/4. Replacing the data from the problem we
have the equation 800 = P x 0.26 x 7/4, which has the following solution:

Q=? P = 800 .
i = 0.26 0.26 x 7/4
I = 800
n = 7/4 P = 1,758.24

8. Point 8. If I want to earn a simple interest of S/. 3000 in the period between April 4 and May
31, what capital should I place in a bank that pays a monthly rate of 2%?
 Number of days
P=? April = 26 P = 3000 .
i = 0.02 May = 31 0.02 x 57/30
I = 3000 57
n = 57/30 P = 78,947.37

9. Point 9. What is the monthly simple interest rate applied so that a capital of S/. 8000 placed
for two years and 6 months has earned S/. 6000? ,

Q=? P = 6000 .
i = 0.02 800x30
I = 6000
n = 30 P = 2.5

10. Point 10. A capital of S/. 2000 has produced an interest of S/. 60 for 36 days, calculate the
annual rate of simple interest.

Since an annual rate is requested, we must work with annual n (n = 36/360). With
the available information we state: 60 = 2000 xix 36/360 and solve for i.

i=? i = 60 .
P = 2000 2000x36/360
I = 60
n = 36/360 i = 0.3

11. Point 30. A share package is acquired on May 23 in S/. 24,000 and sold on June 18,
receiving on this date a net amount of S/. 26800. Calculate the monthly simple interest rate
of the operation.

The problem is to determine the monthly profitability of an investment of S/.

24000 which became S/. 26800 within 26 days.

Calculation of days
i=? May = 8 i = (26800/24000) - 1 .
P = 24000 June = 18 26/30
S = 26800 26
n = 26/30 i = 0.134615385

12. Point 33. An item whose cash price is S/. 120 is sold with a “credit card” to pay S/. 127.20
within 45 days What monthly rate of simple interest was charged to the loan?

i=? i = (127.20/120) - 1 .
P = 120 45/30
 S = 127.20
n = 45/30 i = 0.04

13. Point 25. On June 25, the balance of a savings account was S/. 5000. Calculate your amount
as of September 30 by applying a monthly simple interest rate of 3%, considering that the
financial institution pays interest to the account every end of the month.

S=? June S1 = 5000 (1 + 0.03 x 5/30) = 5025

P = 5000 July S2 = 5025 (1 + 0.03 x 31/30) = 5180,775
n = 97/30 August S 3 = 5180.775 (1 + 0.003 x 31/30) = 5341,379
i = 0.03 September S4 = 5341.379 (1 + 0.03 x 30/30) = 5501,62

14. Point 24. What is the simple amount that has produced a capital of S/. 5000 from April 6 to
June 26 of the same year at a monthly rate of 2%?

From April 6 to June 26, 81 days have passed, which are expressed in monthly terms (81/30) since the
rate provided as data is monthly.
S=? Number of days S = 5000 x (1 + 0.02 x 81/30)
P = 5000 April = 24 S = 5270
i = 0.02 May = 31
n = 81/30 June = 26
81

15. Point 20. On June 2, a savings account is opened with S/. 2000 and deposits of S/. 500 and
S/. 300 on the 8th and 16th, and a withdrawal of S/. 200 on June 26. The agreed annual rate
was 28%, which dropped to 26% as of June 16. What was the simple interest accrued and
what is the available balance as of July 1?

i1 = 0.28 i2 = 0.26

2000 2500 2800 2600

2/6 n 1 = 6/360 8/6 n 2 = 8/36 16/6 n 3 = 10/360 26/6 n 4 = 5/360 1/7

periodic interest Subtotal

I 1 = 2000 x 0.28 x 6/360 9,33

I 2 = 2500 x 0.28 x 8/360 15,56

 I 3 = 2800 x 0.26 x 10/360 20,22

I 4 = 2600 x 0.26 x 5/360 9,39

Accrued interest 54,50

The available balance on July 1 is equal to the accumulated balance of S/. 2600 plus the total
interest that was generated until that date, which amounts to S/. 2654,50.

16. Point 45. Certain capital and its interests make a total of S/. 2000. If the rate applied has
been 4% quarterly, with the initial capital having been placed for 6 months, what was the
simple interest and the capital that produced it?

Solution:
We have that P + I = S = 2000. Since we additionally know iyn, we can calculate the value of P.

Solution:
P=? P = 2000 .
I=? 1 + 0.04 x 6/4
S = 2000
i = 0.04 P = 1886.79
n = 6/4

By subtracting the initial capital from the amount we can obtain the interest.

I = 2000 – 1886.79 = 113.21

17. Point 43. Capital has been placed at a simple interest rate of 4% quarterly, having converted
after 4 months into S/. 2500 What was the amount of that capital?

To calculate the present value of S/. 2500 with a quarterly rate of 4%, we must convert the 4-month
period into quarters (n = 4/3 quarters) and solve for P from the amount formula.

Solution:
P=? P = 2500 .
i = 0.04 1 + 0.04 x 4/3
n = 4/3
S = 2500 P = 2373.42
18. Point 19. A savings account opened on April 4 with an initial deposit of S/. 500 had the
following movement that month: day 8, deposit of S/. 100; day 17, withdrawal of S/. 400; day
23, deposit of S/. 500; day 23, withdrawal of S/. 200 What simple interest was accumulated
as of April 30, receiving an annual rate of 24%?

The variations that the initial capital has experienced due to charges and credits made after
 the initial deposit are explained in the following diagram:

500 600 200 500

4/4 n 1 = 4 8/4 n 2 = 9 17/4 n 3 = 6 23/4 n 4 = 7 30/4

The simple interest earned on the various capitals from April 4 to April 30 is as follows.

periodic interest Subtotal

I 1 = 500 x 0.24 x 4/360 1,33

I 2 = 600 x 0.24 x 9/360 3,60

I 3 = 200 x 0.24 x 6/360 0,80

I 4 = 500 x 0.24 x 7/360 2,33

Accrued interest 8,06

19. Point 16. What simple interest will an investment of S/. 2000 placed from March 3 to June 28
of the same year at a monthly rate of 3%, the same rate that changed on April 16 to 2.8%
and later to 2.6% on June 16? What is the cumulative rate?

The rate variations are explained in the following diagram:

n = 117 days
n1 = 44 n2 = 61 n 3 = 12

3/3 i 1 = 0.03 16/4 i2 = 0.028 16/6 i 3 = 0.026 28/6

The simple interest earned on the initial capital of S/. 2000 during the terms of validity of the rates is:
periodic interest Subtotal
I 1 = 2000 x 0.03 x 44/30 88,00
I 2 = 2000 x 0.028 x 61/30 113,87
I 3 = 2000 x 0.026 x 12/30 20,80
Total 222,67
As the initial capital P has remained unchanged throughout the entire term of the operation, the
calculation of interest, when there are rate variations, can be generalized:

I = Pi 1 n 1 + Pi 2 n 2 + Pi 3 n 3 + Pi 4 n 4 + ….. + Pi m n m

Applying the previous formula, the direct solution is made with the following equation.

I = 2000  (0.03 x 44/30) + (0.028 x 61/30) + (0.026 x 12/30) 

I = 2000  0.111333333 
I = 222.67
20. Point 33. An item whose cash price is S/. 120 is sold with a “credit card” to pay S/. 127.20
within 45 days What monthly rate of simple interest was charged to the loan?

i=? i = (127.20/120) - 1 .
P = 120 45/30
S = 127.20
n = 45/30 i = 0.04

21. Point 26. Calculate the simple amount of a savings deposit of S/. 5000 placed on August 9
and canceled on September 1. The annual rates have been: 30% as of August 1; 28% from
August 16 and 26% from September 1.

S=?
9/8 i 1 = 0.3 16/8 i 2 = 0.28 1/9

P = 5000 n1 = 7/360 n2 = 16/360

S=? S = 5000  1 + (0.3 x 7/360 + 0.28 x 16/360) 

P = 5000 S = 5091.39
i 1 = 0.30 n1 = 7/360

i2 = 0.28 n2 = 16/360

22. Point 18. A debt of S/. 2000 contracted on June 8 to be canceled on July 8, and originally
agreed at an annual simple interest rate of 24%, suffers the following variations from the
following dates: June 12 2.5% monthly, June 24 9%, quarterly, July 3 21% semi-annual.
What interest will be paid at maturity?

The rate variations are explained in the following diagram:

8/6 n 1 = 4/360 12/6 n 2 = 12/30 24/6 n 3 = 9/90 3/7 n 4 = 5/180 8/7

i 1 = 0.24 year i 2 = 0.025 month i 3 = 0.09 trim i 4 = 0.21

wk

I = 2000 (0.24 x 4/360 + 0.025 x 12/30 + 0.09 x 9/90 + 0.21 x 5/180)

I = 2000 (0.0275)

I = 55
23. Point 33. An item whose cash price is S/. 120 is sold with a “credit card” to pay S/. 127.20
within 45 days What monthly rate of simple interest was charged to the loan?

i=? i = (127.20/120) - 1 .
P = 120 45/30
S = 127.20
n = 45/30 i = 0.04

24. Point 25. On June 25, the balance of a savings account was S/. 5000. Calculate your amount
as of September 30 by applying a monthly simple interest rate of 3%, considering that the
financial institution pays interest to the account every end of the month.

S=? June S1 = 5000 (1 + 0.03 x 5/30) = 5025

P = 5000 July S2 = 5025 (1 + 0.03 x 31/30) = 5180,775
n = 97/30 August S 3 = 5180.775 (1 + 0.003 x 31/30) = 5341,379
i = 0.03 September S4 = 5341.379 (1 + 0.03 x 30/30) = 5501,62

25. Point 43. Capital has been placed at a simple interest rate of 4% quarterly, having converted
after 4 months into S/. 2500 What was the amount of that capital?

To calculate the present value of S/. 2500 with a quarterly rate of 4%, we must convert the 4-month
period into quarters (n = 4/3 quarters) and solve for P from the amount formula.

Solution:
P=? P = 2500 .
i = 0.04 1 + 0.04 x 4/3
n = 4/3
S = 2500 P = 2373.42