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Simple and Compound Interest Worksheet

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0% found this document useful (0 votes)
159 views5 pages

Simple and Compound Interest Worksheet

Uploaded by

matkrimstixx
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Republic of the Philippines

Department of Education
Nabua National High School
SENIOR HIGH SCHOOL
School ID 302001 | Nabua, Camarines Sur

WORKSHEET IN GENERAL MATHEMATICS


Quarter 2: 1st Semester
S/Y 2023-2024

1-SIMPLE INTEREST Name:


______________________________
A. Complete the table below by Grade/Strand/Section: _________________
(a) computing simple Interest, and; Date: _______________________________
(b) finding the maturity or future value by adding the principal and the interest
Principal Interest rate Term Simple Interest Maturity Value =
Principal + Interest
Ex: Php 1, 000 6% 2 years Is= Prt 1000+120= 1,120
Is= (1000)(0.06)(2)
Is= 120
1 PhP 100,000 5% 3 years

2 PhP 25,000 7.5% 5 years

3 Php 50, 000 3% 2 years

4 Php 5, 000 2.5% 1 year

5 Php 35, 000 10% 4 years

B. Find the unknown principal P, rate r, time t, and interest I by completing the table. Show your solution.
Principal (P) Rate (r) Time (t) Interest (I)
1 2, 000 5% 3

2 12% 5 20,000

3 88,000 4 8,000

4 500,000 9.5% 285,000

5 1,000,000 0.5% 12
C. Solve the following problems. Show your solutions.

1. Mrs. Aquino invested a certain amount at 10% annual rate. After a year, the interest she received amounted to
PhP 1,500.00. How much did she invest?
Given: Find: Formula to be Solution:
used:

Conclusion:

2. If you deposit PhP 7,500 in a bank at an annual rate of 0.5%. How much money will you have after 15 years?
Given: Find: Formula to be Solution:
used:

Conclusion:

3. How much money should you deposit in a bank so that it will accumulate to PhP 100,000.00 at 1% simple
interest for 10 years?
Given: Find: Formula to be Solution:
used:

Conclusion:

4. How long will an amount of 50, 000 gain a simple interest of P10,000 at 4% per annum?
Given: Find: Formula to be Solution:
used:

Conclusion:
Republic of the Philippines
Department of Education
Nabua National High School
SENIOR HIGH SCHOOL
School ID 302001 | Nabua, Camarines Sur

WORKSHEET IN GENERAL MATHEMATICS


Quarter 2: 1st Semester
S/Y 2023-2024

2- COMPOUND INTEREST Name: ______________________________


A. Find the unknown principal P, rate r, time t, Grade/Strand/Section: _________________
and compound interest Ic by completing Date: _______________________________
the table below.
Principal (P) Rate (r) Time (t) Compound Maturity Value (F)
Interest (Ic)
1 6,000 8% 12 years

2 12,000 5.5% 6 years

3 60,000 9.75% 10 months

4 1% 6 years 25,000

5 7.5% 4 years and 6 400,000


months
B. Solve the following problems. Show your solutions.

1. Shan borrowed P100,000 at 8% compounded annually? How much will he be paying after 2 years?
Given: Find: Formula to be Solution:
used:

Conclusion:

2. A time deposit account in a bank yields 5.5% compound interest annually. Jennifer invested P450,000 for 4
years in this savings account. How much interest will she gain.
Given: Find: Formula to be Solution:
used:

Conclusion:

3. What amount must be deposited by a student in a bank that pays 2% compounded annually so that after 12
years he will have P100, 000?
Given: Find: Formula to be Solution:
used:

Conclusion:

4. How much money must be invested to obtain an amount of P150,000 in 2 years if money earns at 10.5%
compounded annually?
Given: Find: Formula to be Solution:
used:

Conclusion:

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