RAMON MAGSAYSAY TECHNOLOGICAL UNIVERSITY

IBA, ZAMBALES
GENERAL MATHEMATICS
Name:

Date:

Instruction: Solve the following problems WITH COMPLETE SOLUTION. STRICTLY NO

CHEATING.
1. A man borrowed P25,000 on March 3, 1996 and promised to pay the amount on
October 21, 1996 with 15% simple interest. What is the future amount using
ordinary interest?
2. A man borrowed P200,000 from a bank at 12% compounded monthly, which
payable monthly for 10 years. If the first payment is to be made after 3 months,
how much is the monthly payment?
3. If P1,000 is deposited in the bank every month with 1.5% interest, what is the
accumulated amount after 10 years?
4. If money will be tripled itself after 8 years, determine the nominal interest rate.
5. If P5000 shall accumulate for 10 years at 8% compounded quarterly. Find the
compound interest at the end of 10 years.
6. How long will it take a sum of money to double at a 5% annual percentage rate?
7. Suppose that a court settlement results in a P750,000 award. If this is invested at
9% compounded semi-annually, how much will it to provide at the beginning of each
half-year for a period of 7 years?
8) Hope borrows money for the renovation of her house and repays by making
yearly payments of
P25, 000.00 at the beginning of each year for a period of 10 years at an interest
rate of 8% compounded semi-annually. How much did Hope borrow?
9) Find the present value of 10 semi-annual payments of P2,000 each if the first
payment is due at the end of 3 years and money is worth 8% compounded semiannually.
10) A payments of P100,000 at the beginning of every month for eight years with
the first payments made 3 years from now.Find the period of deferral.

RAMON MAGSAYSAY TECHNOLOGICAL UNIVERSITY

IBA, ZAMBALES
GENERAL MATHEMATICS
Name:

Date:

Instruction: Solve the following problems with COMPLETE SOLUTION. STRICTLY NO

CHEATING.
1. A man borrowed P25, 000 on March 4, 1996 and promised to pay the amount on
October 22, 1996 with 15% simple interest. What is the future amount using
ordinary interest?
2. A man borrowed P200, 000 from a bank at 15% compounded monthly, which
payable monthly for 10 years. If the first payment is to be made after 3 months,
how much is the monthly payment?
3. If P1, 000 is deposited in the bank every month with 1.5% interest, what is the
accumulated amount after 5 years?
4. If money will be doubled itself after 20 years, determine the nominal interest
rate.
5. If P5, 000 shall accumulate for 10 years at 8% compounded quarterly. Find the
compound interest at the end of 10 years.
6. How long will it take a sum of money to triple at a 12% annual percentage rate?
7. Suppose that a court settlement results in a P750,000 award. If this is invested at
9% compounded semi-annually, how much will it to provide at the beginning of each
half-year for a period of 7 years?
8) Hope borrows money for the renovation of her house and repays by making
yearly payments of
P25, 000.00 at the beginning of each year for a period of 10 years at an interest
rate of 8% compounded semi-annually. How much did Hope borrow?
9) Find the present value of 10 semi-annual payments of P2,000 each if the first
payment is due at the end of 3 years and money is worth 8% compounded semiannually.
10) A payments of P5,000 at the beginning of each year for ten years with the first
payment made 5 years from now. Find the period of defferal.

RAMON MAGSAYSAY TECHNOLOGICAL UNIVERSITY

IBA, ZAMBALES
GENERAL MATHEMATICS
Name:

Date:

Instruction: Solve the following problems with complete solution. STRICTLY NO

CHEATING.
1. A man borrowed P25, 000 on March 3, 1996 and promised to pay the amount on
December 21, 1996 with 15% simple interest. What is the future amount using
ordinary interest?
2. A man borrowed P200, 000 from a bank at 12% compounded monthly, which
payable monthly for 10 years. If the first payment is to be made after 5 months,
how much is the monthly payment?
3. If P1, 000 is deposited in the bank every month with 2.5% interest, what is the
accumulated amount after 5 years?
4. If money will be quadrupled itself after 12 years, determine the nominal interest
rate.
5. If P20, 000 shall accumulate for 10 years at 15% compounded quarterly. Find the
compound interest at the end of 10 years.
6. How many years will it take the money to be 4 times if invested at 8%
compounded annually?
7. Suppose that a court settlement results in a P750,000 award. If this is invested at
9% compounded semi-annually, how much will it to provide at the beginning of each
half-year for a period of 7 years?
8) Hope borrows money for the renovation of her house and repays by making
yearly payments of

P25, 000.00 at the beginning of each year for a period of 10 years at an interest
rate of 8% compounded semi-annually. How much did Hope borrow?
9) Find the present value of 10 semi-annual payments of P2,000 each if the first
payment is due at the end of 3 years and money is worth 8% compounded semiannually.
10) A payments of P100,000 at the beginning of every month for eight years with
the first payments made 3 years from now.

RAMON MAGSAYSAY TECHNOLOGICAL UNIVERSITY

IBA, ZAMBALES
GENERAL MATHEMATICS
Name:

Date:

Instruction: Solve the following problems with complete solution. STRICTLY NO

CHEATING.
1. A man borrowed P25, 000 on May 3, 1996 and promised to pay the amount on
October 21, 1996 with 15% simple interest. What is the future amount using
ordinary interest?
2. A man borrowed P100, 000 from a bank at 16% compounded monthly, which
payable monthly for 10 years. If the first payment is to be made after 3 months,
how much is the monthly payment?
3. What is the accumulated amount after 12 years, If P2, 000 is deposited in the
bank every month with 1.5% interest.
4. Determine the nominal interest rate, If money will be tripled itself after 12 years.
5. If P5, 000 shall accumulate for 10 years at 8% compounded semi-annually. Find
the compound interest at the end of 10 years.

6. How many years will it take the money to be 3 times if invested at 10%
compounded annually?
7. Suppose that a court settlement results in a P750,000 award. If this is invested at
9% compounded semi-annually, how much will it to provide at the beginning of each
half-year for a period of 7 years?
8) Hope borrows money for the renovation of her house and repays by making
yearly payments of
P25, 000.00 at the beginning of each year for a period of 10 years at an interest
rate of 8% compounded semi-annually. How much did Hope borrow?
9) Find the present value of 10 semi-annual payments of P2,000 each if the first
payment is due at the end of 3 years and money is worth 8% compounded semiannually.
10) A payments of P100,000 at the beginning of every month for eight years with
the first payments made 3 years from now.

RAMON MAGSAYSAY TECHNOLOGICAL UNIVERSITY

IBA, ZAMBALES
GENERAL MATHEMATICS
Name:

Date:

Instruction: Solve the following problems with COMPLETE SOLUTION. STRICTLY NO

CHEATING.
1. A worker borrowed P 18, 000 on April 20, 1996 and promised to pay on November
4, 1996 with 16% interest. What is the future amount using ordinary interest?
2. A man borrowed P200, 000 from a bank at 10% compounded monthly, which
payable monthly for 10 years. If the first payment is to be made after 3 months,
how much is the monthly payment?

3. If P2, 000 is deposited in the bank every month with 1.5% interest, what is the
accumulated amount after 10 years?
4. If money will be double itself after 10 years, determine the nominal interest rate.
5. If P15, 000 shall accumulate for 5 years at 8% compounded quarterly. Find the
compound interest at the end of 5 years.
6. How many years will it take the money to be 4 times if invested at 12%
compounded annually?
7. Suppose that a court settlement results in a P750,000 award. If this is invested at
9% compounded semi-annually, how much will it to provide at the beginning of each
half-year for a period of 7 years?
8) Hope borrows money for the renovation of her house and repays by making
yearly payments of
P25, 000.00 at the beginning of each year for a period of 10 years at an interest
rate of 8% compounded semi-annually. How much did Hope borrow?
9) Find the present value of 10 semi-annual payments of P2,000 each if the first
payment is due at the end of 3 years and money is worth 8% compounded semiannually.
10) A payments of P5,000 at the beginning of each year for ten years with the first
payment made 5 years from now. Find the period of defferal.