Quiz #1

Answer the following problems and write your solutions in a 1 whole sheet of paper.
1
(a) What are the amounts of interest and maturity value of a loan for ₱150,000 at 62%
simple interest for 3 years?
(b) In order to have ₱200,000 in 3 years, how much should you invest if the simple interest is
5.5%?
(c) How long will ₱40,000 amount to ₱51,200 if the simple interest rate is at 12% per
annum?
(d) At what simple interest rate per annum will ₱25,000 accumulate to ₱33,000 in 5 years?
1
(e) If a person borrowed ₱88,800 at an annual simple interest rate of 104% for 18 months,
how much interest should he pay?

Please RETURN the questionnaire together with your papers. Thank You!

Quiz #1
Answer the following problems and write your solutions in a 1 whole sheet of paper.
1
(a) What are the amounts of interest and maturity value of a loan for ₱150,000 at 62%
simple interest for 3 years?
(b) In order to have ₱200,000 in 3 years, how much should you invest if the simple interest is
5.5%?
(c) How long will ₱40,000 amount to ₱51,200 if the simple interest rate is at 12% per
annum?
(d) At what simple interest rate per annum will ₱25,000 accumulate to ₱33,000 in 5 years?
1
(e) If a person borrowed ₱88,800 at an annual simple interest rate of 104% for 18 months,
how much interest should he pay?

Please RETURN the questionnaire together with your papers. Thank You!

Quiz #1
Answer the following problems and write your solutions in a 1 whole sheet of paper.
1
(a) What are the amounts of interest and maturity value of a loan for ₱150,000 at 62%
simple interest for 3 years?
(b) In order to have ₱200,000 in 3 years, how much should you invest if the simple interest is
5.5%?
(c) How long will ₱40,000 amount to ₱51,200 if the simple interest rate is at 12% per
annum?
(d) At what simple interest rate per annum will ₱25,000 accumulate to ₱33,000 in 5 years?
1
(e) If a person borrowed ₱88,800 at an annual simple interest rate of 104% for 18 months,
how much interest should he pay?

Please RETURN the questionnaire together with your papers. Thank You!