Lesson 28 : Solving Problems Involving Simple and Compound Interest

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Solving Problems Involving Simple and Compound Interest

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3. Solve the LAS

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Solving Problems Involving Simple and Compound Interest

1 / 10

Shirley is planning to invest ₱ 150,000.00. San Jose Rural Bank is offering 1.15% compounded semi – annually, while Taysan Cooperative Bank offers 1.25% compounded monthly.Which bank offers the smaller interest?

a. Both

b. None

c. San Jose Rural Bank

d.Taysan Rural Bank

2 / 10

Shirley is planning to invest ₱ 150,000.00. San Jose Rural Bank is offering 1.15% compounded semi – annually, while Taysan Cooperative Bank offers 1.25% compounded monthly. What will be the interest after 5 years if he borrows from Taysan Cooperative Bank?

a. ₱ 36,221.32

b. ₱ 16,431.54

c. ₱ 9,668.97

d. ₱ 2,812.53

3 / 10

a. ₱ 26,716.66

b. ₱ 17,071.88

c. ₱ 12,339.32

d. ₱ 8,851.63

4 / 10

Shirley is planning to invest ₱ 150,000.00. San Jose Rural Bank is offering 1.15% compounded semi – annually, while Taysan Cooperative Bank offers 1.25% compounded monthly. How much will be the maturity value after 5 years if he borrows from Taysan Cooperative Bank?

a. ₱ 159,668.97

b. ₱ 262,812.30

c. ₱ 376,431.54

d. ₱ 386,221.32

5 / 10

a. ₱ 158,851.63

b. ₱ 207,660.68

c. ₱ 367,071.88

d. ₱ 376,716.66

6 / 10

Jenny invested money from Lucena Rural Bank at 1.05% simple interest for 3 years. It was charged ₱ 472.50 for interest. If Jenny invested the same amount of money at Lucena Cooperative Bank who is offering an interest rate of 1.5% for 3 years how much interest will she gain?How much will she accumulate in 3 years if she invested in Lucena Cooperative Bank?

a. ₱ 15,325.00

b. ₱ 15,425.00

c. ₱ 15,625.00

d. ₱ 15,675.00

7 / 10

a. ₱ 325.00

b. ₱ 475.00

c. ₱ 675.00

d. ₱ 825.00

8 / 10

Jenny invested money from Lucena Rural Bank at 1.05% simple interest for 3 years. It was charged ₱ 472.50 for interest. How much is her accumulated money after 3 years?

a. ₱ 1,947.50.00

b. ₱ 15,472.50.00

c. ₱ 150,472.50.00

d. ₱ 600,472.50.00

9 / 10

Jenny invested money from Lucena Rural Bank at 1.05% simple interest for 3 years. It was charged ₱ 472.50 for interest. How much money did Jenny invest?

a. ₱ 1,500.00

b. ₱ 15,000.00

c. ₱ 150,000.00

d. ₱ 600,000.00

10 / 10

Jenny invested money from Lucena Rural Bank at 1.05% simple interest for 3 years. It was charged ₱ 472.50 for interest. What formula will be used to determine the amount invested?

a. 𝐼𝐼𝑠𝑠=𝑃𝑃𝑃𝑃𝑃

b. 𝑃=𝐼𝑠/RT

c. 𝐼𝑐 = 𝐹(1+𝑗)^𝑛

d. 𝑃=𝐹(1+𝑟)^𝑡

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