Scribd
Upload
70 views

Jan Louie V. Larcena Acad 11-C Abm Mrs. Gina S. Catapang Gen Math

The document contains 5 math word problems. The first problem calculates simple interest of PHP 2,000 at 6% for 2 years. The second problem uses given interest amounts to find principal and interest for other time periods. The third problem uses the compound interest formula to calculate accumulated value and compound interest. The fourth problem uses simple and compound interest formulas to find an unknown principal amount. The fifth problem uses the difference between compound and simple interest over time to find an unknown principal.

Uploaded by

Larcena Jan Louie
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
70 views

Jan Louie V. Larcena Acad 11-C Abm Mrs. Gina S. Catapang Gen Math

The document contains 5 math word problems. The first problem calculates simple interest of PHP 2,000 at 6% for 2 years. The second problem uses given interest amounts to find principal and interest for other time periods. The third problem uses the compound interest formula to calculate accumulated value and compound interest. The fourth problem uses simple and compound interest formulas to find an unknown principal amount. The fifth problem uses the difference between compound and simple interest over time to find an unknown principal.

Uploaded by

Larcena Jan Louie
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
You are on page 1/ 4

JAN LOUIE V.

LARCENA ACAD 11-C ABM


MRS. GINA S. CATAPANG
GEN MATH
ANSWER:
1. I = 240.00

Equation:
I = Prt

First, converting R percent to r a decimal r = R/100 = 6%/100 = 0.06 per year, then,
solving our equation

I = 2000 × 0.06 × 2 = 240


I = 240.00

The simple interest accumulated on a principal of Php 2,000.00 at a rate of 6% per year
for 2 years is 240.00.

2. Given :

Interest for 2 years = Php 6,200


Interest for 3 years = Php 7,400

Find the Interest for 1 years :-

Interest for 1 years = (7400 - 6200) = Php 1200

Find the Interest for 2 years :-

Interest for 1 years = Php 1200


Interest for 2 years = Php (1200 × 2) = Php 2400

Find the principal :

Principal = 6200 - Interest for 2 years


= (6200 - 2400)
= Php 3800

3. The formula to find accumulated value in C.I is 


A = P (1 + r/n)nt
Where,
•A -----> Accumulated value (final value)  
•P -----> Principal (initial value of an investment) 
•r -----> Annual interest rate (in decimal)
•n -----> Number of times interest compounded per year
•t -----> Time (in years)
•C. I -----> Amount of interest
Here,
P = 800
r =   20%   = 0.2
n = 2
t = 2

Then, the accumulated value is


A = 800(1 + 0.1) ⁴
A = 800(1.1) ⁴
A = 800 ⋅ 1.4641
A = Php 1171.28
Compound interest is
C.I = A - P 
C.I = 1171.28 - 800
C.I = PHP371.28
Therefore, accumulated value and CI after 2 years Php1171.28 and Php371.28 respecti
vely.

4. Answer:
63,100.
Step-by-step explanation:
Let the sum be Rs. x. Then,
C.I. = x (1 + (10 /100)) ^2 - x = 21x / 100,
S.I. = ((x * 10 * 2) / 100) = x / 5
(C.I) - (S.I) = ((21x / 100) - (x / 5)) = x / 100
(x / 100) = 632 * x = 63100.
Hence, the sum is Rs.63,100.

5. Difference between C.I. and S.I = Rs 31


Rate = 10%
Time = 3 years
To find:
Principal =?
Solution:
Let the sum (Principal) = P

___________________

According to the question,


C.I - S.P = Rs 31
Principal = Rs 1000

6. Simple interest for two years is 1200 and interest for one year is 600
So, C.I for 1st year is 600 and for 2nd year is 630.
(Since it is compounded annually, S.I and C.I for 1st year would be same)

When we compare the C.I for 1st year and 2nd year, it is clear that the interest earned
in 2nd year is 30 more than the first year. Because, interest 600 earned in 1st year
earned this 30 in 2nd year. It can be considered as simple interest for one year.
That is, principal = 600, interest = 30

I = Pit

30 = 600i(1)
0.05 = i
5% = i

In the given problem, simple interest earned in two years is 1200.

I = Pit

1200 = P x 0.05 x 2
1200 = P x 0.1

Divide both sides by 0.1.

1200/0.1 = P
12000 = P

Hence, the principal is Php 12,000.

You might also like