1. If an investment over nine years at a rate of P288.00 results in a final balance of P1,088.00, what was the original investment? 2. How long must P100 be invested at a rate of 4% to earn P32.00 in interest? 3. If a loan is taken out for P900 at 5% and costs P135.00, how long was the loan for? 4. You put P300 into a savings account with an interest rate of 8% which earns P144.00 over a period of eme. How long was the period of eme? 5. If you received P280.00 on P500 invested at a rate of 8%, for how long did you invest the principal? 6. If you put P400 in a savings account that pays 4% for six years what is the amount of money you will have at the end of the six years? 7. If you borrow P900 for four years at an interest rate of 6%, how much interest will you pay?
1. If an investment over nine years at a rate of P288.00 results in a final balance of P1,088.00, what was the original investment? 2. How long must P100 be invested at a rate of 4% to earn P32.00 in interest? 3. If a loan is taken out for P900 at 5% and costs P135.00, how long was the loan for? 4. You put P300 into a savings account with an interest rate of 8% which earns P144.00 over a period of eme. How long was the period of eme? 5. If you received P280.00 on P500 invested at a rate of 8%, for how long did you invest the principal? 6. If you put P400 in a savings account that pays 4% for six years what is the amount of money you will have at the end of the six years? 7. If you borrow P900 for four years at an interest rate of 6%, how much interest will you pay?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Abm (business math questions) can you help me?
Transcribed Image Text:SELF. CHECK NO. 2
Name:
Track/Strand:
Solve the Simple Interest Problems:
Date:
Score:
/10
1. If an investment over nine years at a rate of P288.00 results in a final balance of
P1,088.00, what was the original investment?
2. How long must P100 be invested at a rate of 4% to earn P32.00 in interest?
3. If a loan is taken out for P900 at 5% and costs P135.00, how long was the loan
for?
4. You put P300 into a savings account with an interest rate of 8% which earns
P144.00 over a period of Ome. How long was the period of eme?
5. If you received P280.00 on P500 invested at a rate of 8%, for how long did you
invest the principal?
6. If you put P400 in a savings account that pays 4% for six years what is the amount
of money you will have at the end of the six years?
7. If you borrow P900 for four years at an interest rate of 6%, how much interest will
you pay?
8. How much principal must be invested to earn P504.00 in eight years at an interest
rate of 7%?
9. If you received P225.00 on P500 invested at a rate of 9%, for how iong did you
invest the principal?
10. What will the final balance be for P100 invested at 4% for six years?
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