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Simple Interest
Simple Interest
1. 86% 0.86
2. 2% 0.02
3. 0.09% 0.0009
SOLVE:
P42,250
SOLVE: THE ITEM ON THE LEFT
IS ON SALE.
HOW MUCH IS THE
DISCOUNT IF ITS
ORIGINAL PRICE IS
P5,000?
HOW MUCH IS THE
NEW PRICE OF THE
ITEM?
SIMPLE INTEREST I=PRT
WHEN WE DEPOSIT MONEY IN A
BANK, WE RECEIVE SOME INTEREST
FOR ALLOWING THE BANK TO USE
OUR MONEY.
SIMILARLY, WHE WE BORROW
MONEY FROM THE BANK,WE HAVE
TO PAY A CERTAIN INTEREST FOR
USING ITS MONEY.
INTEREST – A CHARGE FOR
BORROWED OR INVESTED MONEY.
GENERALLY, A PERCENTAGE OF THE
AMOUNT BORROWED
Simone invested P7,000 in a bank. If
the bank gives 3% simple interest per
annum, how much will be the interest
after 4 years?
SIMPLE INTEREST – a percentage of
the amount borrowed at a certain
time.
I = Percent of Base at Time
I=RxBxT
Simone invested P7,000 in a
bank. If the bank gives 3%
simple interest per annum,
how much will be the interest
after 4 years?
How much will be her money
after 4 years?
To start his new business,
James borrowed P550,000
for 2 ½ years at a rate of
5% per annum.
How much will be the interest
of the borrowed money?
How much should he pay at
the end of the agreement?
SEATWORK I=PRT
A BANK CHARGES 4% PER ANNUM SIMPLE
INTEREST ON HOUSING LOANS. IF ANTHONY
BORROWS P64,000 FOR A PERIOD OF 2 YEARS,
WHAT IS THE TOTAL INTEREST THAT HE HAS TO
PAY?
HOW MUCH SHOULD HE PAY IN ALL AFTER 2
YEARS?
NO. 1 I=PRT
AARON BORROWED MONEY FROM DONALD IN
AMOUNT OF P24,000 PAYABLE IN 6 MONTHS
WITH 5% INTEREST PER ANNUM.
WHAT IS THE TOTAL INTEREST THAT HE HAS TO
PAY?
HOW MUCH SHOULD HE PAY IN ALL AFTER THE
AGREEMENT?
NO. 2 I=PRT