DIRECTION : READ EACH PROBLEM CAREFULLY THEN SOLVE FOR THE CORRECT ANSWER
1. Mother deposited Ph 20,000 at 8% per annum in a bank. How much interest will her money earn after
one year? What is the amount due to her at the end of the year?
Answer:
2. Find the principal on which the annual interest is Ph 100.00 when the rate of interest is 9%.
Answer:
3. How much interest will your Ph 10,000 earn in one year if the interest rate is 12% per annum?
Answer:
4. How long was the loan of Ph 15,000 at 12% annual interest made if at the end of the period an interest
Of Ph 5,000 was paid ?
Answer:
5. What is the annual rate of interest if the principal is Ph 20,000 and the interest is Ph 5,000?​