A
Find the interest earned after 3 years if ₱12,000 is deposited in a savings account which earns 5% simple interest.
Php 1,800
Jessa borrowed ₱15,000 from a lending cooperative. After 2 years, she paid ₱3,000 in simple interest. What is the annual simple interest rate?
10%
How many months will it take ₱ 20,000 to earn ₱ 3,500 at 5% simple interest rate?
42 months
A 5-year investment had a maturity value of ₱27,500. If the applied rate was 7.5% simple interest, what was the original principal?
Php 20,000
If Mrs. De Vera borrowed ₱57,500 from a bank at 9.5% simple interest, how much will she pay at the end of 12 months?
Php 62 962. 50
Mark borrowed ₱12,500 from his friend Joshua. He promised to pay it after 6 months at 3% interest. How much will he pay after 6 months?
Php 12,687.50
Elma borrowed ₱10,000 from a cooperative. She paid ₱1,700 interest for 6 months. At what rate was interest charged?
34%
Dencio deposited ₱18,500 in a bank at 7% interest per annum. How much will he expect to withdraw at the end of 3 ½ years?
Php 23,032.50
John borrowed ₱30,000 from Paul who charged 18% interest rate. How much would she pay Paul after 6 months?
Php 32,700