Directions: Solve the following problems. Show your solution
1. Lumnay borrowed P112,000.00 at 11% simple interest for 5 years and 4 months. Find the final amount and
interest.
2. If a deposit of P 1,850.00 at the end of 3 years and 3 months, at what interest rate was it invested?
3. Takoda earns P 3,850.00 after 2 years and 9 months from deposit at % simple interest. Find the principal
amount deposited.
4. How long will it take your deposit of P8,000.00 to earn as much as the deposit, if it is invested 1t 64%
simple interest?
5. How much should lone invest if she wants to have P19,640.62 at the end of 2.75 years at a bank offers 11 %
simple interest?
6. On January 23, 2015, a Demothi borrowed P15,000.00 and promised to pay the principal and interest at 9%
compounded semiannually on October 23, 2019. How much would he repay?
7. Your family invested P175,250.00 for 15 years and 6 months in a time deposit at 6 % % interests
compounded quarterly. How much compound amount and interest will your family receive at the end of the
term? Considering that the bank deducts a compulsory withholding tax from your family's investment, how
much would you receive in actual cash?​