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DEPARTMENT OF EDUCATION
Region I
Division of Pangasinan I
GARRITA NATIONAL HIGH SCHOOL
Bani, Pangasinan
NAME:____________________________________________________DATE:_________________________
GRADE:______________________SEMESTER__________________SCORE:_______________________
“With God, All things are possible.”
I. MULTIPLE CHOICE
Encircle the letter that best describe the following statement.
A. Suppose you won 20, 000 PHP. and you plan to invest it for 5 years. A cooperative group offers 3% simple
interest rate per year. A bank offers 3% compounded annually. Which will you choose and why? Solve the
amount on interest you will earn in both offers using the table given below. Computation at the back.
Simple Interest:___________________________