TOPIC: SIMPLE INTEREST

Answer the 10 following questions with a complete solutions.

1. 99:49-91?- Answer the following: 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. Amparo invested a certain amount at 10% simple interest per year. After 2 years, the interest she 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 after 3 years and 6 months? How long will an amount of money triple at a simple interest rate of 1% per annum? 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? If you deposit P5500 in a bank at an annual simple interest rate of 0.5% , how much money will 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 P72,000 in 3 years