LOURDES SCHOOL OF MANDALUYONG

High School Department

Senior High School
Mathematics Area
A.Y 2019 – 2020

GENERAL MATHEMATICS CN:

LEARNING ACTIVITY SHEET #1
SIMPLE AND COMPOUND INTEREST
Name: Date:
Grade and Section: Teacher: Mr. Francis Aaron R. Torres

Objectives:
1. Solve problems involving simple and compound interest;
I. Solve for what is being asked. SHOW YOUR COMPLETE SOLUTION, ROUND OFF YOUR
ANSWER TO TWO DECIMAL PLACES AND ENCLOSE YOUR FINAL ANSWER.
1 – 2. Suppose you want to borrow money from your friend amounting to Php 5 350. You both agreed
to put a 5.23% interest per year payable in 1 year and 7 months.
a. What is the amount of interest? b. What is the final amount?

3 – 4 Your friend borrowed money from you. You agreed to lend him at an interest rate of 2.47% per
month payable in 2 years and 5 months. If the final amount is Php 8984.8305, how much is the amount
borrowed?

5 – 6 Suppose you want to invest in a bank which is giving an interest rate of 3.14% per annum
compounded monthly. If you invested an amount of Php 15 523, and the length of maturity is 25 years,
a. What is the amount of interest? b. What is the final amount?

7 – 10. You invested in a bank an amount of Php 50 000. If the investment earns an interest of 5.25%
per annum compounded monthly, and it earned a final amount of Php 84 426.21069, how many years
is the maturity time?

11 – 15 You borrowed money amounting to Php 25 000 given at an interest rate of 4.24% per annum
compounded semi – quarterly. Construct an interest schedule for a period of 1 year and 3 months.
16 – 20. An account amounting to Php 45,000 was opened with an interest rate of 0.13% per semi-
monthly. After a period of time, the final amount of the account is Php 48,510. What is the time period
in semi-quarters?

21 – 25. An amount is opened to an account earning an interest rate of 6% per annum, compounded
monthly. After 10 years and 6 months, the account earned Php 5,000. What is the value of the principal?

26 – 30. A bank offers its customers who opens account an interest rate of 2.4% per semi – annum,
compounded semi – monthly. You planned to open an account amounting to Php 20,000. After 15 years,
the bank changed their interest rate to 3.4% per semi – annum, compounded semi – monthly. What is
the amount of your account after 45 years?

31 – 35. An amount of Php 5,000 was borrowed from a money lender with an interest rate of .5% per
month, compounded quarterly. How many years would it take so that the borrower would only pay an
interest of Php 2,815.40

36 – 40. An amount was deposited earning a simple interest. After 10 years, the amount was doubled.
What is the semi-annual interest rate?