Simple Interest
Simple Interest
Simple Interest
Mathematics
Grade 11
Match the terms in column A with the correct
definitions
in Column B. You may choose more than one (1)
answer
from column B.
Column Column B
A
1) Principal A. time money is borrowed
Solution:
Given:
r = 10%
t = 2 yrs.
I = 100
P=?
P =
P =
P = Php 500..
Group Activity:
1) How many years would it take for P6, 000 to grow until P7,
900
if it is invested at a 9% simple interest?
2) How much was borrowed if the interest at 2% after 6 months
is P 400?
3) Neil Artiaga’s Bank granted him a P250,000 loan payable for 2
years at 5% interest? How much money does Neil owe on the
maturity date?
4) Suppose you invest P1000 at 8% simple interest. How much
money will you have after 6 years?
Group Activity:
1) How many years would it take for P6, 000 to grow until P7, 900
if it is invested at a 9% simple interest?
Given:
P = 6,000 a) I = F - P
F = 7900 I = P7900 - P6,000
r = 9% I = P1,900.
t=?
b) I = Prt
1900 = (P6,000)(0.9)(t)
= t
t =
t =
t = 3.52 or 3.5 years.
Group Activity:
2) How much was borrowed if the interest at 2% after 6 months is P400?
a) 6 mos. = = = 0.5
b) I = Prt
P =
P = P40, 000. The principal /money borrowed was P40, 000.
Group Activity:
3) Neil Artiaga’s Bank granted him a P250,000 loan payable for 2
years at 5% interest? How much money does Neil owe on the
maturity date?
a) I = Prt
I = (P250, 000)(0.05) (2)
I = 25, 000.
b) A = P + I
A = P 250, 000 + 25, 000
A = 275, 000.
Group Activity:
4) Suppose you invest P1000 at 8% simple interest.
How muchmoney will you have after 6 years?
b) A = P + I
A = 1000 + 480
A =1, 480. The amount of money after 6 years.
Solve the following problems:
1) Jessie has 750 in a savings account
that pays 3% simple interest. How
much interest will he earn in 4 years?