# How Is Simple Interest Calculator

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## how do you calculate simple interest ​

Ask: how do you calculate simple interest ​

How do you Calculate Simple Interest? Simple Interest is calculated using the following formula: SI = P × R × T, where P = Principal, R = Rate of Interest, and T = Time period. Here, the rate is given in percentage (r%) is written as r/100.

How do you Calculate Simple Interest? Simple Interest is calculated using the following formula: SI = P × R × T, where P = Principal, R = Rate of Interest, and T = Time period. Here, the rate is given in percentage (r%) is written as r/100.

## Based on your understanding on the lessons under "What is

Ask: Based on your understanding on the lessons under “What is ir, answer and the Assessment. You are allowed to use your calculator Activity: Identify the given then solve for the unknown Show your solutions on sheet 1. What are the amounts of interest and maturity value of a loan for P250,00 simple interest for 4 months? 2. At what simple interest rate per annum will P40,000 00 accumulate to P5 years? Assessment: Identify the given then find for the unknown Show your solu answer sheet 1. How long will P75,000.00 amount to P90,500.00 if the simple if the rate is 3.5%? 3. If a person borrowed P108,900 00 at an annual simple interest rate of 5 how much interest should he pay?​

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## B.TRUE OR FALSE. Write the word true if the statement

Ask: B.TRUE OR FALSE. Write the word true if the statement is true and false if not.
1. Simple Interest is always calculated on the original amount put in.
2. In compound interest, the interest for the second year is calculated on the original
amount minus the interest made in the first year.
3. Interest is an amount of money paid or charged when you invest or borrow money.
4. Principal is the original amount of money invested or borrowed.
5. A person will gain more interest over a ten-year period on an investment that
pays simple interest instead of compound interest.
6. It is important to understand how much you are paying in interest on a loan.
7. Both simple and compound interests have the same computed interest for the first year
of investment.
8. In compound interest, the principal amount for each year is the same.
9. The interest gain is much higher in compound interest compare to simple interest.
10. In computing the interest we simply multiply the principal amount, rate of interest
and time.

1. TRUE
2. TRUE
3. TRUE
4. FALSE
5. TRUE
6. TRUE
7. FALSE
8. FALSE
9. TRUE
10. FALSE

Explanation:

## Simple InterestAnswer the following questions. (5 points each)1) Let's suppose

Answer the following questions. (5 points each)
1) Let’s suppose Php 1,000 is invested at 5% annual simple
interest for a period of one year. Calculate the simple
interest.
2) Php 10, 500 is invested for 9 years in an account paying
annual simple interest. If the total amount of interest
earned was Php 1,890, how much was the interest rate?
3) How much money was invested at 6% annual simple
interest for 3 years to earn Php 3,870?​

## Question:

Simple Interest

1) Let’s suppose Php 1,000 is invested at 5% annual simple simple interest.

2) Php 10, 500 is invested for 9 years in an account paying

is invested for 9 years in an account payingannual simple interest.

3) How much money was invested at 6% annual simpleinterest for 3 years to earn Php 3,870?

• 1000×5%=50
• 10500÷1890=0.18 or 18%
• 3870×6%=232.2

#Hope it’s help

Explanation:

#Carry on learning

## What's InارIn your most recent lesson, you learned the basics

ار
In your most recent lesson, you learned the basics of consumer and
business loans. Moreover, in previous lessons, you were taught how to calculate
simple and compound interests as well as annuities. As a review, ready yourself in
doing this first activity.
Activity 1
Based on your knowledge of the previous lessons, try solving the following
problems.
1. How much interest is charged when P100,000.00 is borrowed for 6 months at
an annual simple interest rate of 12%
2. Find the maturity value and the compound interest if P15,000 is compounded
annually at an interest rate of 3% in 3 years.
CO_Q2_General Mathematics (SHS) N​

diko alam ang sagot

Step-by-step explanation:

ganun din dito sorry

## if you are calculating the simple interest and you are

Ask: if you are calculating the simple interest and you are given the time in how can you find the in years?​

t = (Pr) ÷ I

Step-by-step explanation:

The formula for simple interest is I = Prt. Where:

I = Simple Interest

P = Principal

r = Rate

t = Time

In order to solve for time, we must manipulate the original formula. Therefore, t = (Pr) ÷ I

## Jenny takes a loan of \$5,400. she pays 3.2% simple

Ask: Jenny takes a loan of \$5,400. she pays 3.2% simple interest every two months, for two years, and then she pays back the loan. calculate how much interest she pays altogether.

172.8

Step-by-step explanation:

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## how do you calculate simple and compound interest? create one

Ask: how do you calculate simple and compound interest? create one real-life example for each type of interest
pahelp Po ​

Simple interest is the cost of using or borrowing money without compound interest or interest on interest. It’s relatively easy to calculate since you only need to base it on the principal amount of money borrowed and the time period.

Simple interest works in your favor when you’re a borrower because it keeps the overall amount that you pay lower than it would be with compound interest. However, it can work against you when you’re an investor because you’ll want your returns to compound as much as possible to get the most from your investment.

To understand how it works, it helps to look at some real-life situations in which simple interest is used.

Stepbystep explination:

KEY TAKEAWAYS

Simple interest is what it costs to borrow money without compound interest— meaning there is interest on the principal and the interest.

Simple interest is calculated by looking at the principal amount borrowed, the rate of interest, and the time period it will cover.

Simple interest is more advantageous for borrowers than compound interest, as it keeps overall interest payments lower.

Car loans, amortized monthly, and retailer installment loans, also calculated monthly, are examples of simple interest; as the loan balance dips with each monthly payment, so does the interest.

Certificates of deposit (C D s) pay a specific amount in interest on a set date, representing simple interest.

i hope it will helps :>

We can compute simple interest by finding the interest rate percentage of the amount borrowed, then multiply by the number of years interest is earned. Another type of interest calculates interest on both the money initially deposited as well as the interest money earned, and is called compound interest.

Step-by-step explanation:

One real-life example for simple interest is when a person takes a loan of Rs. 5000, at a rate of 10 p.a. for two years, the person’s interest for two years will be S.I. on the borrowed money. And for the compound interest, let’s say your goal is to end up with \$10,000 in 5 years, and you can get an 8% interest rate on your savings, compounded monthly. Your calculation would be: P = 10000 / (1 + 0.08/12)(12×5) = \$6712.10. So, you would need to start off with \$6712.10 to achieve your goal.

## How to calculate simple interest?

Ask: How to calculate simple interest?

if you have 10,000 then your interest is 20% for example you should multiply the ten thousand to 20% then you already know how much the interest is..

## 1. Angel deposited P20,000.00 in a bank that pays 0.5%

Ask: 1. Angel deposited P20,000.00 in a bank that pays 0.5% simple interest How much will be her money after 6 years? 2. What are the amounts of interest and maturity value of a loan for P150,000.00 at 612 % simple interest for 3 years? 3. In order to have P200,000.00 in 3 years, how much should you invest if the simple F interest is 5.5%? (Hint: Use the formula P = 🙂 1+rt – 4. Teresa borrowed P120,000.00 from her uncle. If Teresa agreed to pay an 8% annual interest rate, calculate the amount of interest she must pay if the loan period is 18 months. 5. A loan institution charges 12% simple interest for a 3-year, P60,000.00 loan. Find the total interest on the loan. b. Find the total amount that must be paid to the loan institution at the end of 3 years.​

1. 20,600

2.

3.

4. amount of interest: 14,400

total amount you will pay: 134,400

Step-by-step explanation:

yan lang po

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