Lesson 1:

Find the interest earned after 5 years if Php200,000.00 is deposited in a savings account which earns 5% simple interests.

Lesson 1:

Find the simple interest of Php2,100.00 for 3 years at 5%.

Lesson 1:

Given a simple interest rate of 8% compute the interest of Php106,000.00 in 6 years & 10 months.

Lesson 1:

Find the simple interest of Php7,500.00 for 5 months at 2.5%.

Lesson 2:

Mr. Rodriguez aims to have his investment grow to Php800,000.00 in 5 years. How much should he invest in his account that pays 7% compounded annually?

Time or term (t) is the amount of time in years the money borrowed or loan is to be completely repaid. When the term is expressed in months M, it should be converted in ______________.

___________ is the amount paid or earned for the use of money.

_______________ is an interest earned on a loan or deposit. It is computed based on both the principal amount and the interest accumulated during previous periods.

______________refers to the amount earned for a year calculated by multiplying the principal and the interest rate.