1. Joseph deposited Php 19, 350 in savings account which pays 5.

5% interest compounded
monthly. What will his balance be in 3 years & 9 months?

2. Joy deposits Php 8, 540 in a savings account which pays 7.65% compounded monthly. The
money is left for 4 years & 3 months. Find the account balance at the end of 4 years & 3
months.

3. GET company released Arthur’s loan with the amount of Php 10 350. He pays it in 2 years with
a rate of 9%. How much is the interest of his loan? What amount will he pay back to the GET
Company?

4. What is the compound amount and interest if Php 29,000 is invested at 8% compounded semi-
annually for 6 years?

5. Elaine loan of php 10,000 with an interest rate of 10% and it will be paid within 8 months. How
much is the interest of her loan? What amount will she pay back?

6. What is the compound amount and interest of Php 20,000 is invested at 20% compounded
quarterly for 5 years?

7. Jane invested a sum of money, which earned Php 750 simple interest at the rate 6% per
annum over 2 years. What was the amount of her initial investment?

8. In order to have Php 50, 000 in 5 years, how much should you invest if the compound interest
is 5%?

9. A 500-g packet of chocolate costs Php 2.50. Assuming inflation average 2.8% per annum over
each of the next 3 years, how much will the chocolate cost in three years?

10. Two banks pay simple interest on short – term deposits. Bank A pays 5% per annum over 3
years, and Bank B pays 5.5% per annum for 30 months. What is the difference between the
two banks’ final payout if Php 10,000 was invested in each account?

11. An investment of Php 6, 000 was placed for 3 years at 4.25% per annum compounded
annually. How much more would be collected if the investment was compounded quarterly?

12. Peter wishes to invest 10,000 for a period of 5 years. Which of the following investment would
be best for him?
Option A. 6.7% per annum simple interest
Option B. 6.75% per annum compound interest with yearly rests
Option C. 6.5% per annum compound interest with quarterly rests
Option D. 6.25% per annum compounded interest with monthly rests
Option E. 6% per annum compound interest with daily rests

13. How much should be invested in a fund each year paying 2% compounded annually to
accumulate Php 100, 000 in 5 years?
14. Erwin invest in a company that returns 8.5% simple interest every year. He invested Php 300
000 for 5 years. How much did he earns? How much is the total amount of hi investment after
5 years?
15. Ricky borrowed Php 480 000 from bank that charges 5.6% simple interest every year. How
much will Ricky pay after 2 years and 5 months.

16. Marivic paid total of Php 192 696 to settle her loan after 9 months. If the simple interest rate is
4.8%, how much did Marivic originally borrow?

17. How long will it take a principal of Php 300 000 to earn Php 148 500 if invested at a simple
interest rate of 8.25%?

18. Stephanie borrowed Php 648 000 and paid a total of Php 772 200 after 3 years ad 4 months.
What was the simple interest rate applied in this term of loan?

19. Ariel needs Php 1,000,000 in 10 months. If he has Php 820 000 now, at what least simple
interest rate must he invest his money to get the desired money in 10 months?

20. How many months does Robert have if he borrowed Php 420 000 and does not want to pay
more than Php 31 500 for the interest. The simple interest rate applied is 4.5%.

21. Michael settled a total of Php 93 968 as payment for his loan. If the simple interest rate applied
is 3.88% and the term of the loan is 4 and a half years, how much did he originally borrow?

22. Nicole invested Php 540 000 in a company that return 6%. How much would there be on
Nicole’s investment after 5 years if the interest is compounded monthly.

23. Angel invested Php 950 000 in a company that return 4.8%. How much would there be on
Nicole’s investment after 5 years if the interest is compounded semi-annually.

24. Berna borrowed from Pagkakaisa cooperative Php 180 000 to be paid in 2 and half years. If
the interest rate is 6% compounded monthly, how much should she pay at the end of the term
of loan?

25. Bea wants to borrow money from a bank. Help her decide where will be wiser to borrow: ABC
Bank at 8.25% interest compound monthly or DEF Bank at 8.35% interest compounded
quarterly?

26. Carlo needs to know how much he should invest today in a bank that returns 5.15% interest
compounded quarterly so that he can have Php 400 000 in 5 years. Help Carlo in his problem.

27. Shai needs Php 600 000 in 4 years and 5 months from now. She plans to invest her Php 420
000 now so that she can have the desired amount in time. At what interest rate compounded
monthly should she invest her money?

28. How much money should the parents of an eight-year-old child deposit in a savings account
paying 8% compounded quarterly in order to provide the child with Php 1 000 000 at the age of
25?
29. Tonet borrowed Php 50 000 and paid a total amount of Php 54 500 after 8 months. What
nominal rate was applied if the interest is compounded monthly?

30. How long will it take Php 48 000 to reach Php 60 000 at 8.45% compounded semi-annually?

31. How long will it take Php 500 000 to have an investment of Php 121 062.50 at 7.45% simple
interest?

32. Mhyle deposited Php 185 000 in a bank and earned Php 22 893.50 in 2 years and 9 months.
What was the simple interest rate applied?

33. Ed is planning to buy, in cash, 6-bedroom rest house in Coron and a Toyota Land Cruiser in 5
years time. Luckily, he was able to find an investment that returns 70% simple interest. If the
Land Cruiser at that time will amount to Php 8 500 000, how much should Ed invest today to be
able to buy the house and the car in 5 years?

34. How many years will it take Php 68 000 to triple if it is invested at 12.85% compounded
quarterly?

35. Bryan deposited Php 215 000 and earned Php 53 891.97 in 30 months. What was the nominal
rate applied if the interest is compounded semi-annually?

36. Dolores won Php 35 000 000 in PCSO’s Grand Lotto. She invested half of this amount at 9%
monthly compounded interest. How much will her earnings be after 3 years?

37. How much should be invested today in order to have Php 500 000 in 5 years and 6 months at
11.75% compounded semi-annually?

38. A 21-year-old entrepreneur invested Php 400 000 at 16% compounded quarterly. How old is
the entrepreneur once his investment reaches Php 1 000 000?

39. John deposited 35 500 in a savings bank compounded monthly for 3 years and it earns 25
400. At what interest rate is the money growing?

40. How long will it take for your Php 830 000 in the bank to earn Php 170 000 interest when
invested at 17.5% interest compounded monthly.

41. Irene invested Php 25 000 was invested at 16% simple interest for 6 years. How much interest
will be earned? What is the future value of the investment at the end of 6 years?

42. Jun is investing an amount at 15% simple interest for 3 years. If he intends to have Php 48 200
at the end of the term, what must be his principal?

43. If Tina wants to earn 10% annual simple interest on an investment, how much should she
invest to have Php 30 000 in 9 months.

44. Ana borrows Php 20 000 from her uncle and agrees to pay him Php 22 000 in 15 months.
What interest rate was she paying?

45. A sum of money at simple interest doubles in 6 years. In how many years will it become 4
times itself?
46. How long will it take a sum of money to increase its value by 40% if it is invested at 5% per
annum by simple interest?

47. Find the compound amount on deposit at the end of 1 year if Php 20 000 is deposited at 4%
compounded annually.

48. Find the compound amount on deposit at the end of 1 year if Php 50 300 is deposited at 5.65%
compounded semi-annually.

49. If Php 320 000 is invested for 5 years at 8% compounded quarterly, find the compound amount
and the compound interest.

50. What amount must be invested on order to have Php 128 376.52 after 8 years if money is
worth 6% compounded semi-annually?

51. Lauro deposited Php 64 600 in savings account which pays 8% interest compounded semi-
annually. What will his balance be in 4 years?

52. Glenda deposits Php 5 000 in a savings account which pays 5% compounded annually. The
money is left for 3 years. Find the account balance at the end of 3 years?

53. Twenty thousand pesos is deposited in an account that pays 8% interest. Find the account
balance after 8 years if the interest is compounded semi-annually?

54. Fifty thousand pesos is deposited in an account that pays 6.5% interest. Find the account
balance after 8 years if the interest is compounded quarterly?

55. Kath deposited ₱54,500 in a savings bank compounded quarterly for 2 years and it earns ₱15,
750. At what rate is the money growing?

56. How long will it take for your ₱100, 000.00 in the bank to earn ₱45, 000.00 interest when
invested at 17.65% interest compounded monthly?

57. Jane deposits Php 8 600 in a savings account which pays 7.50% compounded quarterly. The
money is left for 6 years & 9 months. Find the account balance at the end of 5 years?

58. John deposited ₱14,850.00 in a savings bank compounded quarterly for 3 years & 3 months
and it earns ₱5, 350.00. At what rate is the money growing?

59. How long will it take for your ₱ 73 850.00 in the bank to earn ₱21, 500.00 interest when
invested at 9.35% interest compounded quarterly?

60. How long will it take for your ₱5, 350.00 in the bank to earn ₱1, 950.00 interest when invested
at 5.4% interest compounded quarterly?