‫شرح المراجعة‬

‫‪Simple interest‬‬
‫الفائدة البسيطة‬
‫السﻼم عليكم ورحمة ﷲ وبركاته‬

‫الفائددة التجارية ‪Ordinary interest‬‬

‫الدفعات ‪Annuities‬‬
‫الفائدة الصحيحة ‪Exact interest‬‬

‫الفائدة المركبة ‪Compound interest‬‬ ‫الجملة ‪Amount‬‬

‫خصم البنك ) الخصم التجاري ( ‪Bank Discount‬‬

 Simple interest ‫الفائدة البسيطة‬
Example:

• FORMULA: 1_What is the simple interest on 200$ at 12 %

‫ ج بمعدل فائدة‬200 ‫ما هي الفائدة البسيطة علي مبلغ‬
%12
1 ‫ـ‬for three years
I=P×R ×T 2 ‫ـ‬for two months

Answer  Answer
P = PRINCIPAL ‫المبلغ‬
P = 200 R= 12 % T= 3 P = 200 R = 12 % T = 2
R = RATE ‫معدل الفائدة‬ Years Months
T = TIME ‫المدة‬ Solution  Solution
I = P × r × t  I = P ×r × t
‫ ـ‬HOW MUCH MONEY ‫ما هو المبلغ ؟‬ P= 𝟏𝟐 𝟏𝟐 𝟐
× I = 200 × × 3 = $72  I = 200 × × = $4
𝟏𝟎𝟎 𝟏𝟎𝟎 𝟏𝟐

I
Solution
‫ ـ‬What’s Rate ‫ما هو المعدل ؟؟‬ R= 2_When invested at
R
×
an annual ‫سنويا‬ R = 6% I = 180 T = 1 Year
P T interest rate in 6% an P = ?

‫ ـ‬How long ‫ما هي المدة ؟‬ T=

account earned‫حصل‬ P =
𝑰
× 180$ of simple 𝑹× 𝑻

interest in one year . P = 𝟔

𝟏𝟖𝟎
= 𝟑𝟎𝟎𝟎
how much money was
× 𝟏
𝟏𝟎𝟎

originally invested in
account
 ORDINARY INTEREST ‫الفائدة التجارية‬ exact interest ‫الفائدة الصحيحة‬ The relation between ( I ) or ( Ie ) :
‫العﻼقة بين الفائدة التجارية والصحيحة‬

I=P×R× Ie = P × R × Ie = P × R ×
I= × Ie ‫ﻷيجاد الفائدة التجارية‬ Ie = × I ‫ﻷيجاد الفائدة الصحيحة‬

1-Yanuary 2-February=28 3-March=31 4-April=30 5-May=31 6-June=30 The difference between ( I ) or ( Ie ) :

=31 or 29 ‫الفرق بين الفائدة التجارية والصحيحة‬
7-July=31 8-August=31 9- 10- 11- 12-
September=30 October=31 November=30 December=31
I= × Ie - I ‫ﻷيجاد الفائدة التجارية‬ Ie = × I - Ie ‫ﻷيجاد الفائدة الصحيحة‬

Example
: Example:
3_loan for $1,000 with a 7% annually 4-You want to borrow ( ‫اقترضت‬
( ً‫ ) سنويا‬interest rate . The loan was ) $8000 at 7% for only 90 5- Find the exact Interest if 6- Find The Ordinary Interest
given out on March 15 and was due on days. How much Exact interest the Ordinary interest is 36.5 If the exact interest is 28.80
May 15, 2015. Calculate ( ‫ ) أحسب‬the you would like to pay?
ordinary interest on a loan.
Solution Solution

Ie = ? Ordinary interest = 36,5 I = ? exact interest = 28,80

SOLUTION Solution
P =1000 R = 7% T = 60 DAYS Exact interest ( Ie ) =
𝟕𝟐
×𝑰 ordinary interest ( I ) =
𝟕𝟑
× 𝑰e
P =8000 R = 7% T = 90 days 𝟕𝟑 𝟕𝟐
15 – 15 = 0
𝟕𝟐 𝟕𝟑
MARCH (3) – MAY(5) = 2 MONTH Exact interest ( Ie ) = P × R ×
𝑻
Ie = × 36,5 = 36 I = × 28,80 = 29,20
𝟑𝟔𝟓 𝟕𝟑 𝟕𝟐
𝑻
ORDINARY INTEREST ( I ) = P × R × 𝟕 𝟗𝟎
𝟑𝟔𝟎
I = 8000 × × = 138,08
𝟕 𝟔𝟎 𝟏𝟎𝟎 𝟑𝟔𝟓
I = 1000 × × = 11,66
𝟏𝟎𝟎 𝟑𝟔𝟎
 Amount ( maturity value ) ‫جملة المستحق‬
8-Mohamed will need of $8,000 for
schooling next year, and the best‫افضل‬
simple interest rate available‫ متاح‬was 4.5%.
Assume‫ افترض‬he has eight months before
Amount = principal + interest the education‫ التعليم‬fee is due. How much
S = P + I money does he need to put aside right now? 10-Jowaida borrows $55,000 to buy a car
at 2.2% interest. How much interest will
Amount = principal ( 1 + rate × time ) she pay if the loan is for 5 years?, and
S = P( 1 +rt) Solution How much total will Jowaida pay for the
car? How much will Jowaida have to pay
Example: S =8000 R = 4,5% T=8M each‫ كل‬month to the bank for the car?
s
S=P(1+RT)
7-Find the ordinary interest and the maturity
value of $ 10000 for 200 days at 10%. Using
P= P (1+ Solution
the Banker's Rule. ( ) RT)
P =55000 R = 2,2% T=5Y I =? S=?
Solution P= = 7766,99
(
,
× ) Payment( ‫? =) القسط‬
P =10000 R = 10% T = 200 D
I=P×R×t
I=P×R×
Solution I = 55000 ×
,
× 5 = 6050
I = 10000 × × =555,56
S =10000 R = 10% T = 108 d P = ? I=?
S=P+I
S=P+I
S=P(1+RT)
S = 10000 + 555,56 = 10555,56 S = 55000 + 6050 = 61050
P= Payment
( )
9-An accountant must record the principal
and simple interest of the debt payment in P= = 9712,60 5 × 12 = 60 M
( × )
the essential records. How much was the Payment = S ÷ 60 M
principal and how much was the interest if I=S–P
the amount received was $10,000 for a I = 10000 – 9712,60 = 287,40
= 61050 ÷ 60 = 1017,5
loan that ran for 108 days at 10%?
Bank discount ( ‫خصم البنك ) الخصم التجاري‬ Present Value ( proceeds ) ‫القيمة الحالية‬

FORMULA:
13-A bill(‫ )فاتورة‬of $ 700 is due(‫ )تستحق‬on
•

P=S-D P=S(1–d T) August 10. What is its value on April 6 if it

D = S × D × T is discounted at a discount rate of 12%?
D = DISCOUNT ‫الخصم‬
Solution
S = AMOUNT ( MATURITY VALUE ) ‫جمملة المستحق‬ S=
( ) S =700 discount rate = 12% P=? D=?
D = DISCOUNT RATE ‫معدل الخصم‬
T = ( 30 – 6) + 31 +30 +31 +10 = 126 d
T = TIME ‫المدة‬ ‫ دائما في الخصم التجاري بنقسم‬:‫خد بالك‬
360 ‫المدة باﻷيام على‬ P=S(1–d T)
Example: 12-If max wants(‫ )الحد اﻻقصى‬to P = 700 ( 1 - × ) = 670,6
receive(‫ )لﻼستﻼم‬$2000 for 10 months at a
11-A woman borrows(‫ )اقترضت‬$ 600 for 6 Discount ( D ) = S - P
simple interest rate of 15% per year, what
months from a lender who was a discount rate amount of loan should he request for? And D = 700 – 670,6 = 29,4
10%. What the discount and the present value? what is the bank discount?
14-A man received(‫ )استلم‬a 30-day loan(‫ )قرض‬of
Solution $550 if the proceeds(‫ )القيمة الحالية‬were $544.5
Solution What is the discount and the discount rate?
P =2000 discount rate = 15% T = 10 m S =? D = ?
S =600 discount rate = 10% T=6m D =? P = ?
S= Solution
( )
D=S×d×T S =550 discount rate = ? T = 30 d D =? P = 544,5

S= = 2285,71 D=S×d×T
D = 600 × × = 30 ( × )
D = 550 - 544,5 = 5,5 D
Present value( P ) = S - D Discount ( D ) = S - P
d
discount rate ( d ) =
D = 2285,71 – 2000 = 285,71 ×
P = 600 – 30 = 570 ,
S T
d= = 0.12× 100 =12%
×
 Compound interest ‫الفائدة المركبة‬ Example: present Value ‫القيمة الحالية‬

16-Find the compound amount and the

compound interest if $24500 borrowed
Compound interest = Amount - present Value
( ‫ )لقرض‬for three years at 9% P = S( 1+i) P=
converted monthly ( )
I = S - P Example:
Solution 18-What principle is required(‫ )المطلوب‬for
Amount = principal ( 1 + rate )
gathering(‫ )لتجميع‬$5000 over 10 years at
Example: S = P( 1+i) P =24500 i = 9% n = 3 y S= ? I= ?
10% converted semi-annually?
Converted : i = 9 ÷ 12= 0,75 ، n=3 × 12 =36
15-Find the compound amount and the Solution
compound interest if $1000 invested( S = P( 1+i)
‫)استثمر‬for 10 years at 7% annually S =5000 i = 10% n = 10 y P=?
,
S = 24500 ( 1 + ) = 32061,81
SOLUTION Converted : i = 10 ÷ 2= 5 ، n=10 × 2 =20
P =1000 I = 7% N = 10 Y I = S - P
P = S( 1+i)
S = P ( 1 + I )𝒏
I = 32061,81 - 24500 = 7561,81
S = 1000 ( 1 +
𝟕 𝟏𝟎
) = 1967,15 P = 5000 ( 1 + ) = 1884,5
𝟏𝟎𝟎

I = S - P 17-The day a boy was born(‫)يوم ميﻼد الولد‬, his

I = 1967,15 - 1000 = 967,15 father invested(‫ )باستثمار‬$200 at 5% compounded 19-What is the present value at 9% compounded
semi-annually. Find compound amount of the fund quarterly of £12000 due in 18 months
on the boy's 18th birthday.
‫ لو جالك في التمرين كلمة‬: ‫خد بالك‬ Solution
‫ معنى كدا انك هتعدل معدل‬Converted Solution
‫الفائدة والمدة كاﻷتيي‬ S =12000 i = 9% n = 18 M = = 1.5 𝑦 P=?
P =200 i = 5% n = 18 y S = ?
Rate ( I ) Time ( n )
quarterly : i = 9 ÷ 4= 2.25 ، n=1.5 × 4 =6
semi-annually : i = 5 ÷ 2= 2.5 ، n=18 × 2 =36
Semi-annually ‫نصف‬ i÷2 n× 2
‫سنوي‬ P=
S = P( 1+i) ( )
Quarterly ‫ربع سنوي‬ i÷ 4 n× 4
. P = = 10500,29
Monthly ‫شهري‬ i ÷ 12 n × 12 S = 200 ( 1 + ) = 486,51 (
.
)
 Annuities ‫الدفعات‬ Example:

20-Find the amount of an ordinary annuity of

$1200 at the end of each 6 months for 5
22-A TV is purchased (‫)شراء‬
years, if the money worth 5% converted
for $50 down payment(‫)بمقدم‬
semi-annually.
Ordinary Annuities Annuities due and $18 per month for 12
‫دفعات عادية‬ ‫دفعات فورية‬
Solution months. What is the equivalent
cash price if the interest rate
R =1200 i = 5% n = 5 y Sn= ? is 24% converted monthly.
Converted : i = 5 ÷ 2= 2.5 ، n=5 × 2 =10
( ) Solution
Payments are made at the end Payments are made at the  Sn = R ( )
𝟏𝟐
of each payment period beginning of each payment period R =18 i = 24% n = 12 m =
𝟏𝟐
= 𝟏 𝒚 An= ?
‫تسدد آخر او نهاية كل فترة سداد‬ ‫تسدد اول او بداية كل فترة سداد‬ .
( ) Converted : i = 24 ÷ 12= 2 ، n=1 × 12 =12
 Sn = 1200 ( . ) = 13444,06  An = R (
𝟏 𝟏 𝒊 𝒏
)
𝒊

𝟐 𝟏𝟐
𝟏 𝟏
The amount of an Ordinary Annuity The present Value of an Ordinary Annuity  An = 18 ( 𝟏𝟎𝟎
𝟐 )= 190,36
‫ﻷيجاد جملة الدفعات العادية‬ ‫ﻷيجاد القيمة الحالية للدفعات العادية‬ 21-What is the amount of an annuity of $100 at 𝟏𝟎𝟎

the end of each month for 6 years, if the money  THE EQUIVALENT PRICE ( ‫سعر التليفزيون‬
)
• FORMULA: worth 6% converted monthly
‫ج تسدد في نهاية كل‬100 ‫اوجد جملة الدفعات لدفعة قدرها‬  = 50 + 190,36 =240,36
(𝟏 𝒊 )𝒏 𝟏 ‫ شهريا‬%6 ‫ سنوات بمعدل‬6 ‫شهر لمدة‬
• SN = R ( )
𝒊 Solution
S = AMOUNT (ORDINARY ANNUITIES ) ‫جمملة‬
‫الدفعات‬ R =100 i = 6% n = 6 y Sn= ?
R = EQUAL PAYMENT ‫دفعة السداد‬ Converted : i = 6 ÷ 12= 0.5 ، n=6 × 12 =72
I = INTEREST RATE ‫معدل الفائدة‬
An = R ( )
( )
 Sn = R ( )
N = TIME ‫المدة‬
(
.
) ‫شرح المراجعة‬
AN = PRESENT VALUE ‫القيمة الحالية‬  Sn = 100 ( . ) = 8640,89