1.
Find the simple interest on P8,000 loaned at an annual interest rate of 12% for two years.
2.
What is the maturity value of the loan amounting to P8,000 with an annual interest rate of 12% for two years?
3.
Find the simple interest on P300,000 loan due in 5 years when the annual interest rate on the loan is 16%. What is the maturity value of this loan?
4.
Find the simple interest on a P30,000 loan at 17% annual interest for 4 months.
5.
Find the simple interest on a P50,000 loan at 14.5% for 7 months.
6.
Mr. Johnny Santos borrowed P25,300 for 3 years at 12% interest. How much was the amount charged for the use of money?
7.
Mrs. Lani Dy borrowed P15,820 at 6% simple interest. She was charged an amount of P1,260 as interest. Compute the duration of the loan.
8.
If the money is worth 12.5%, then how much shall be the principal if it will earn an interest of P5,500 in 3 years and 6 months?
9.
For how long will an amount of P16,200 be invested at 3.5% to earn an interest of P1,200?
10.
At what interest rate will an investment of P50,000 earn an interest of P10,062.50 in 1 year and 9 months?
11.
Mr. Salcedo invested an amount of P18,260 at 12.5%. How much shall be his interest earnings after 5 years and 2 months?
12.
Miss Lani Martin deposited an amount of P32,600 in a bank that gives 4.5% on savings account. How much is the maturity value of the investment after 3 years and 7 months?
13.
How much shall be the interest rate if an investment of P20,500 accumulated to 22,144.27 after 275 days? (use 360 days)
14.
In how many years will an investment of P25,000 accumulate to P45,000 if money is worth 4.5% simple interest?
15.
If money is worth 11.5% per annum, for how long will an investment of P20,000 accumulate to P38,000?
16.
A 60-day non-interest bearing note worth of P12,000 dated April 11, 2013 was discounted on May 25, 2013 at 5%. Compute the proceeds. (use 360 days)
Note: Discount term will be the difference between the term of the note and the exact no. of days when the note was discounted. (60-45 = 15 days)
17.
A 125-day note of P10,600 at 6% simple interest was dated July 12, 2013. If the note was discounted 7% simple interest on August 25, 2013 find the maturity value of the note. (Note: Maturity value should be based on the term of the note. Use 360 days)
18.
To take advantage of a special sale of an office cabinet, Mr. Cruz needed to borrow P70,000 for 180 days. If the interest rate was 11% how much will be the charged? (Use 360 days)
19.
Mar borrowed P17,600 for 2 years at 7% simple interest rate. What is the interest paid?
20.
By paying P4,000 bill at once, a merchant can save P400. How much would he gain by borrowing the P4,000 for 30 days at 10% to pay the bill? (Use 360 days)