TOPIC: Simple and Compound InterestSolve the following problems.Find the simple interest on a loan of P65,000 if the loan is given at a rate of 20% and is duein 3 years.Amparo invested a certain amount at 10% simple interest per year. After 2 years, the interestshe received amounted to P3,000. How much did she invest?Miko borrowed P25,000 at 10% annual simple interest rate. How much should he pay after3 years and 6 months?How long will an amount of money triple at a simple interest rate of 1% per annum?5.I.1.2.3.4.How long will an amount of P50,000 gain a simple interest of P10,000 at 4% per annum?At what simple interest rate will an amount of money gain 50% of the principal in 4 years?At what simple interest rate per annum will P20,000 accumulate to P25,000 in 3 years?8.6.7.If you deposit P5,500 in a bank at an annual simple interest rate of 0.5% , how much moneywill you have after 12 years?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. How much should you invest at 6% annual interest rate to obtain a simple interest of P72,000in 3 years?Solve the following problems on compound interest.11. Peter borrowed Php120,000 at 8% compounded annually. How much will he be paying after2 years?12. A time deposit account in a bank yields 6.5% compound interest annually. Jennifer investedP450,000 for 3 years in this savings account. How much interest will she gain?13. In order to have P250,000 in 4 years, how much should you invest if the compound interestis 15%?14. How much money must be invested to obtain an amount of P150,000 in 3 years if moneyearns at 10.75% compounded annually?15. What amount must be deposited by a student in a bank that pays 2.5% compoundedannually so that after 11 years he will have P100,000?9.II.

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I. Solve the following problems. Find the simple interest on a loan of P65,000 if the loan is given at a rate of 20% and is due in 3 years. 1.