PROBLEM SOLVING INVOLVING SIMPLE INTEREST

Jenny invested money from Lucena Rural Bank at 1.05% simple interest for 3 years. It was charged ₱ 472.50 for interest.

What formula will be used to determine the amount invested?

Jenny invested money from Lucena Rural Bank at 1.05% simple interest for 3 years. It was charged ₱ 472.50 for interest.

How much money did Jenny invest?

• ₱ 1,500.00

• ₱ 15,000.00

• ₱ 150,000.00

• ₱ 600,000.00

Jenny invested money from Lucena Rural Bank at 1.05% simple interest for 3 years. It was charged ₱ 472.50 for interest.

How much is her accumulated money after 3 years?

• ₱ 1,947.50.00

• ₱ 600,472.50.00

• ₱ 150,472.50.00

• ₱₱ 15,472.50.00

Jenny invested money from Lucena Rural Bank at 1.05% simple interest for 3 years. It was charged ₱ 472.50 for interest.

If Jenny invested the same amount of money at Lucena Cooperative Bank who

is offering an interest rate of 1.5% for 3 years how much interest will she gain?

• ₱ 325.00

• ₱ 475.00

• ₱ 675.00

• ₱ 825.00

Jenny invested money from Lucena Rural Bank at 1.05% simple interest for 3 years. It was charged ₱ 472.50 for interest.

If Jenny invested the same amount of money at Lucena Cooperative Bank who

is offering an interest rate of 1.5% for 3 years. How much will she accumulate in 3 years if she invested in Lucena Cooperative Bank?

• ₱ 15,325.00

• ₱ 15,425.00

• ₱ 15,625.00

• ₱ 15,675.00