Interest Calculation Quiz

Maria invests ₱10,000 in a savings account that offers an interest rate of 5% per year. How much interest will she earn after 3 years?

Juan borrows ₱50,000 from a bank at a 7% annual interest rate. How much interest will he have to pay after 5 years?

If a company deposits ₱100,000 into an account that earns 4% compounded annually, what will be the value of the investment after 6 years?

A school saves ₱75,000 in a fund that offers an interest rate of 3% compounded quarterly. How much will the fund be worth after 2 years?

How much should Anna deposit in a bank now if she wants to have ₱150,000 after 10 years, with an interest rate of 6% compounded semi-annually?

Pedro loans ₱20,000 at a 6% interest rate, with the loan to be paid off after 150 days. Using ordinary interest (360 days), how much interest does he owe?

Lucia borrows ₱30,000 for 200 days at a 5% annual interest rate. Using exact interest (365 days), how much interest will she pay?

A company borrows ₱100,000 for 90 days at a 7% annual interest rate. How much interest is charged using the ordinary interest method?

Mark takes out a loan of ₱50,000 at 8% annual interest for 120 days. How much interest will he pay using the exact interest method?

A loan of ₱15,000 is borrowed for 100 days at 6% annual interest. Compare the interest charged using both exact interest and ordinary interest methods.