Simple Interest

Find the interest rate of ₱150,000 (P) at 5% for 8 years.

• ₱6,000

• ₱60,000

• ₱210, 000

• ₱21, 000

Find the maturity value of ₱150,000 (P) at 5% for 8 years

• ₱150,000

• ₱15,000

• ₱21,000

• ₱210, 000

Find the interest rate of ₱240,000 (P) at 6% for 5 years.

• ₱72,000

• ₱7,200

• ₱6,200

• ₱6,000

Find the maturity value of ₱240,000 (P) at 6% for 5 years.

• ₱31,200

• ₱312,000

• ₱31,300

• ₱32,000

Find the present value of the following:

₱40,000 due in 2 years at 3% compounded monthly

• ₱40,000.50

• ₱43, 560.39

• ₱41, 640.19

• ₱42,460.28

Find the present value of the following: ₱60,000 due in 3 years at 4% compounded monthly

• ₱67, 636.31

• ₱57,536.31

• ₱65, 363.81

• ₱65363.81

Which of the following is the formula to find the simple interest?

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What formula will be used to find the present value of simple interest?

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If the investment amounting to ₱35,000 earned an interest of ₱2,500 how much

will be the maturity value?

• ₱32,500

• ₱30,000

• ₱40,000

• ₱37,500

Given that P = ₱5,250, r = 1.25% and t = 5 years, find the simple interest.

• ₱328.13

• ₱32,812.50

• ₱3,281.25

• ₱32.82