Simple Interest

1. Complete the table below. I P r t Mm] a. P4 800 _ 5% 3 h. Pl 320 P10 000 _ 1.5 e. _ I6 100 4% 2 (L 1'6 030 P20 100 12% _ e. P3 445 6% 1.25 2. Carla borrowed f2 600.0 'um her iend at an interest rate of 1.5% per month. a. How much interest will Calla have to pay after 6 months? b. How much will she pay at the and of the period? 3. Sarah lent 1'10 200.00 at 1.5% per month. How much 1will she get after 2 years? EXERCISE 1. 1. Sarah deposits P4 000.00 at a bank at an interest rate of 4.5% per year. How much interest and maturity value at the end of 3 years? 2. Calculate the maturity value of a P5 000.00 loan with the simple interest rate of 10% per year. The duration of the loan is 3 years. 3. Alexis Chan, borrows funds at 10% for 2 years to build a home. Find the principal that results in interest of P7 800.00. EXERCISE 2. Complete the table. P H t (years) 1. P1 000 P8 000 5% 2. P1 500 8% 3 P3 125 19 500 NEW 4. P2 200 P12 000 P1 050 P7 000 12%