GENERAL MATH

The amount after (t) years that the lender

receives from the borrower on the maturity

date.

• Compound Interest

• Exact Interest

• Future Value

• Principal

the amount a borrower pays

for using the money.

• Interest (I)

• Principal (P)

• Rate of Interest (r)

the interest paid on

one unit (peso) of capital (principal).

• Interest (I)

• Principal (P)

• Rate of interest (r)

• Amount (A) or Balanc

the amount of money

borrowed or deposited.

• Interest (I)

• Principal (P)

• Amount (A) or Balance

the amount of time allotted for

repayment of the principal plus the

interest. It is a term in years.

• Time(t)

• Amount (A) or Balance

• Range

The principal

amount plus the interest. Also called

Future Value (FV) or Maturity Value.

• Amount(A) or Balance

• Principal (P)

• Interest (I)

It is an interest that is computed

on the principal amount only.

• Simple Interest

• Compound Interest

• Interest

It is an interest computed on the

principal and on the accumulated interest.

• Compound Interest

• Simple Interest

Formula of simple Interest

• Is= Prt

• Is=A-P

• Is=P(1+r)^t

Formula of Amount in Simple Interest

• A=P(1+r)^t

• A=P+Is

• A=Prt