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    GENERAL MATHEMATICS Quarter 2 - Module 6: Simple and Compound Interests

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    Angeline Tumanan
    This document provides information about simple and compound interest calculations. It includes examples of simple interest problems with the principal (P), interest rate (r), time (t), simple interest (Is) and future value (F). It also includes examples of compound interest problems calculating the future value (F), interest (Ic), principal (P), interest rate (r) and time (t). Formulas for calculating simple and compound interest are given. The key differences between simple and compound interest are explained.

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    GENERAL MATHEMATICS Quarter 2 - Module 6: Simple and Compound Interests

    Uploaded by

    Angeline Tumanan
    76 views3 pages
    This document provides information about simple and compound interest calculations. It includes examples of simple interest problems with the principal (P), interest rate (r), time (t), simple interest (Is) and future value (F). It also includes examples of compound interest problems calculating the future value (F), interest (Ic), principal (P), interest rate (r) and time (t). Formulas for calculating simple and compound interest are given. The key differences between simple and compound interest are explained.

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    GenMath11_Q2_Mod6_Simple-and-Compound-Interests(EJBOY)

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    This document provides information about simple and compound interest calculations. It includes examples of simple interest problems with the principal (P), interest rate (r), time (t), simple interest (Is) and future value (F). It also includes examples of compound interest problems calculating the future value (F), interest (Ic), principal (P), interest rate (r) and time (t). Formulas for calculating simple and compound interest are given. The key differences between simple and compound interest are explained.

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    © All Rights Reserved
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    Download as docx, pdf, or txt
    76 views3 pages

    GENERAL MATHEMATICS Quarter 2 - Module 6: Simple and Compound Interests

    Uploaded by

    Angeline Tumanan
    This document provides information about simple and compound interest calculations. It includes examples of simple interest problems with the principal (P), interest rate (r), time (t), simple interest (Is) and future value (F). It also includes examples of compound interest problems calculating the future value (F), interest (Ic), principal (P), interest rate (r) and time (t). Formulas for calculating simple and compound interest are given. The key differences between simple and compound interest are explained.

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    GENERAL MATHEMATICS Quarter 2 - Module 6: Simple and Compound Interests

    What I Know (Pretest) Assessment (Post-test)


    1. A 6. A 11. C 1. B 6. A 11. B
    2. C 7. B 12. D 2. B 7. A 12. C
    3. A 8. D 13. C 3. D 8. B 13. B
    4. B 9. A 14. B 4. D 9. C 14. D
    5. B 10. A 15. A 5. B 10. B 15. C

    What’s More
    Principal (P) Rate (r) Time Simple Interest Future Value (F)
    (t) (Is)
    1.) ₱40,000.00 2% 3 years ₱2,400.00 ₱42,400.00
    2.) ₱5,000.00 10% 5 years ₱2,500.00 ₱7,500.00
    3.) ₱100,000.00 0.024 or 1.5 years ₱3,600.00 ₱103,600.00
    2.4%
    4.) ₱250,000.00 4.5% 1.37 years ₱15,400.00 ₱265,400.00
    5.) ₱12,345.00 8.25% 9 months ₱763.85 ₱13,108.85

    What I Can Do
    1. Is = ₱6,825.00
    2. F = ₱12,400.00

    Additional Activities
    1) You deposit some money into a t=2 = 45,000/1,350,000
    bank account paying 10% simple
    FIND: P = 0.0333 ---> pls put a line on top
    interest per year. You received
    of 333
    P15,000 in interest after 2 years. SOLUTION:
    How much was the deposit? r = 3.33%
    P = ls/(r•t)
    2) A businessman deposited 3) GIVEN: P = P33,500
    = 15,000/(0.10•2)
    P270,000 into his bank account
    r = 30% = 0.30
    and received P45,000 simple = 15,000/0.20
    interest after 5 years. What had Is = P4,500
    been the interest rate? P = 75,000
    FIND: t
    3) How long will it take for P33,500 2) GIVEN: P = P270,000
    in a coop bank with 30% annual SOLUTION:
    Is = P45,000
    interest rate to earn P4,500 as t = Is/(P•r)
    interest? t=5
    = 4,500/(33,500•0.30)
    Step-by-step explanation: FIND: r
    = 4,500/10,050
    1) GIVEN: Is = P15,000 SOLUTION:
    t = 0.4478
    r = 10% = 0.10 r = Is/(P•t)
    t = 5 months and 12 days
    = 45,000/(270,000•5)

    What’s More
    1. F = ₱17,229.62
    2. 𝐼𝑐 = ₱6,907.23
    3. P = ₱61,326.61
    4. r = 0.1130 or 11.30%
    5. t = 13.93 years
    What I Can Do
    1. F = ₱102,525.13 𝐼𝑐 = ₱2,525.13
    2. r = 0.1479 or 14.79%

    Additional Activities
    1. MATURITY DATE 6 INVESTMENT

    2. INTEREST RATE 7 QUARTERLY

    3. PRINCIPAL 8 ACCUMULATE

    4. COMPOUND AMOUNT 9 BORROWER

    5. SIMPLE INTEREST 110 COMPOUND INTEREST

    II. Saving is vital for the future since if you don't save money when you're single, you'll need to credit your manager or
    supervisor to your needs one day or when you have a family emergency.

    Simple Interest Vs Compound Interest


    Basis for Simple Interest Compound Interest
    Comparison
    is a quick and easy method of calculating is the addition of interest to the principal sum of a
    the interest charge on a loan. Simple loan or deposit, or in other words, interest on
    interest is determined by multiplying the interest. It is the result of reinvesting interest,
    daily interest rate by the principal by the rather than paying it out, so that interest in the
    1. Meaning number of days that elapse between next period is then earned on the principal sum
    payments. plus previously accumulated interest.

    A = P(1 + r )^nt A = P(1 + rt)


    n P = Principal amount of money to be invested
    A = final amount r = Interest Rate per period
    P = initial principal balance t = Number of Time Periods
    2. Formula
    r = interest rate
    n = number of times interest applied per time
    period
    t = number of time periods elapsed
    P = A P = A
    3. Principal (1 + rt) (1 + r/n )^nt

    4. Amount of A = P + S.I A = P( 1 + 8)y t


    Interests 100

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