Beruflich Dokumente
Kultur Dokumente
1. How much interest is charged when P50,000 is borrowed for 9 months at an annual simple
interest rate of 10%?
ANSWER: P3,750
2. When invested at an annual interest rate of 7%, an amount earned P11,200 of simple interest in
two years. How much money was originally invested?
ANSWER: P80,000
3. IDENTIFICATION
It refers to an amount of money borrowed or invested on the origin date.
ANSWER: Principal
4. What amount of interest will be charged on P15,000 borrowed for six months at a simple
interest rate of 15%?
ANSWER: P112.50
5. IDENTIFICATION
It refers to an amount paid or earned for the use of money.
ANSWER: Interest
7. Justin borrowed P5,000 at 5% annual simple interest rate. If he decided to pay after 1 year and 3
months, how much should he pay by then?
ANSWER: P5,312.50