4. How long will 1 million pesos earn a simple interest of 200.000 at 2% per annum?

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
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Chapter2: Equations And Inequalities
Section2.2: Applied Problems
Problem 10E
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Activity 1: Problem Solving!
PET 1. Find the simple interest on a loan of P65,000 if the loan is given at a rate of 20% and is due i
years. 30.०००
2. Amparo invested a certain amount at 10% simple interest per year. After 2 years, the interest she
received amounted to P3,000. How much did she invest?
3. Miko borrowed P25,000 at 10% annual simple interest rate. How much should he pay after 3 years
and 6 months?
4. How long will 1 million pesos earn a simple interest of 200,000 at 2% per annum?
5. How long will an amount of P50,000 gain a simple interest of P10,000 at 4% per annum?
6. What is the future value if Yana accumuiated P1,200.00 for 2 years at 3% per quarter simple
interest?
7. At what simple interest rate per annum will P20,000 accumulate to P25,000 in 3 years?
8. Emil lent P5,000.00 at 15% for 7 months. How much will he get at the end of the term? How much
interest did he earn?
9. How much money should you deposit in a bank so that it will accumulate to P100,000 at 1% simple
annual interest for 10 years?
10. Dennis invested P15,000 at 13% interest for 3 years. What is the interest and maturity value?
Transcribed Image Text:Deepen Activity 1: Problem Solving! PET 1. Find the simple interest on a loan of P65,000 if the loan is given at a rate of 20% and is due i years. 30.००० 2. Amparo invested a certain amount at 10% simple interest per year. After 2 years, the interest she received amounted to P3,000. How much did she invest? 3. Miko borrowed P25,000 at 10% annual simple interest rate. How much should he pay after 3 years and 6 months? 4. How long will 1 million pesos earn a simple interest of 200,000 at 2% per annum? 5. How long will an amount of P50,000 gain a simple interest of P10,000 at 4% per annum? 6. What is the future value if Yana accumuiated P1,200.00 for 2 years at 3% per quarter simple interest? 7. At what simple interest rate per annum will P20,000 accumulate to P25,000 in 3 years? 8. Emil lent P5,000.00 at 15% for 7 months. How much will he get at the end of the term? How much interest did he earn? 9. How much money should you deposit in a bank so that it will accumulate to P100,000 at 1% simple annual interest for 10 years? 10. Dennis invested P15,000 at 13% interest for 3 years. What is the interest and maturity value?
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