Express as decimal.

12%
0.12
Express as decimal.
3%
0.03
Express as decimal.
8 1/2%
0.085
Express as decimal.
10.5%
0.105
Express as decimal.
200%
2
Express as decimal.
0.75%
0.0075
Express as decimal.
0.025%
0.00025
Convert months to years.
9 𝑚𝑜𝑛𝑡ℎ𝑠
0.75 year
Converts months to years.
1 𝑦𝑒𝑎𝑟 𝑎𝑛𝑑 4 𝑚𝑜𝑛𝑡ℎ𝑠
1.33 years
Converts months to years.
42 𝑚𝑜𝑛𝑡ℎ𝑠
3.5 years
Solving Problems
Involving Simple
Interests
Interest- amount paid
or earned for the use
of money.
Simple interest- the
computed return from the
present value for a given
duration of a transaction.
Present value- the
amount being borrowed
or the amount being
invested.
Maturity value- the sum
of interest and principal
amount.
An annual simple interest is denoted
by 𝐼𝑠 . It is based on the three factors:
a. Principal, which is the amount
invested or borrowed (P)
b. Simple interest rate , usually
expressed in percent (r)
c.Time or term of loan, in years (t)
Orly invested Php100,000.00
to an account that pays a
simple interest of 3%
annually. Find the interest
earned after 2 years.
Answer
The interest earned after
2 years is Php6,000.
Orly invested
Php100,000.00 to an
account that pays a simple
interest of 3% annually. Find
the interest earned after 1
year and 3 months.
Answer
The interest earned after
2 years is Php3,750.
To buy the school supplies for the
coming school year, you get a summer
job at a resort. Suppose you save
Php4, 200.00 of your salary and deposit
it into an account that earns simple
interest. After 9 months, the balance is
Php4, 263.00. What is the annual
interest rate?
Answer
The annual interest rate
is 2%.
Chinky puts Php5,000.00 in
her savings account. If the
banks pay 3.5% in interest
per year, how much interest
will she earn after 2 years?
Answer
The interest earn after
2 years is Php350.00
Chinky puts Php5,000.00 in
her savings account. If the
banks pay 5% in interest per
year, how much interest will
she earn after 1 year and 6
months?
Answer
The interest earn after
1 year and 6 months is
Php375.00
The simple interest of an
investment is Php4,500.
Find the present value if
the interest rate is 5%
annually for 60 months.
Answer
The present value is
Php18,000
Group 1
Angelo’s parents deposited a certain
amount into a savings account when
he is in Grade 7 for his college at 8%
simple interest per year. After 6 years,
the interest he received amounted to
Php96,000. How much did he invest?
Answer
Angelo’s parents
deposited Php200,000
Group 2
To buy a car, Justin borrowed
Php150,000 from a lending
company at 5% annual simple
interest rate. If he decided to pay
after 1 year and 3 months, how
much interest should he pay?
Answer
The interest after 1 year
and 3 months is
Php9,375.
Group 3
To buy a laptop computer,
Ana borrowed Php18,800 at
an annual simple interest rate
of 10 ¼% for 18 months, how
much interest should he pay?
Answer
The interest after 18
months Php2,890.50.
Group 4
Rich Lea Garment Company
wants to invest Php130,000 at
5% interest per annum. How
many years will it take to have
the expected interest of
Php32,890?
Answer
It takes 5.06 years
Group 5
Mr. Cruz applies for a loan
amounting to Php500,000 in a
bank for the improvement of his
house, the simple interest of which is
Php157,500 for 3 years, what
interest rate is being charged?
Answer
The interest rate is
10.5 %.
Math @ Home
Complete the table by finding the unknown.
Principal (P) Rate (r) Time (t) Interest (I)

60,000 4% 15
12% 5 15,000
50,000 2 9,500
300,000 10.5% 157,500
1,000,000 0.25% 6.5