Lesson 2
Lesson 2
Lesson 2
Given:
P = P 1,360,
r = 4%,
t = 90 days
EXACT Simple
Interest
𝑡 (𝑖𝑛 𝑑𝑎𝑦𝑠)
𝐼 𝑠 =𝑃𝑟
365
Example
Find the exact interest on $500 at 8%
for 45 days.
Given:
P = $500,
r = 8%,
t = 45 days
SIMPLE INTEREST
𝑰 𝒔 =𝑷𝒓𝒕
Rate
𝑰𝒔
𝐫=
𝑷𝒕
Time
𝑰𝒔
𝒕=
𝑷𝒓
Principal
𝑰𝒔
𝑷=
𝒓𝒕
Maturity Value
𝑰 𝒔 =𝑭 − 𝑷
Example 1
Given:
𝑃 = ₱18,500, r = 3%, t = 5 years.
Find simple interest ().
Example 2
Given:
𝑃 = ₱20,000, = ₱4,000, t = 4
years . Find the rate (r)
Example 3
Given:
𝑃 = ₱40,000., = ₱700, r = 7%.
Find time (t).
Example 4
Given:
𝑃 = ₱40,000., = ₱700, r = 7%.
Find time (t).
Activity
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