Name: Grade and Section:
Solve the following problems.
1. What is the amount of maturity value of a loan ₱20,000 at 6% compound interest for 3
years?
2. In order to have ₱50,000 in 5 years, how much should you invest if the compound interest
is 5%?
3. In a certain bank, Mark invested ₱88,000 in a time deposit that pays 0.5% compound
interest in a year. How much will be his money after 6 years?
4. What is the amount of interest of a loan ₱20,000 at 6% compound interest for 3 years?
5. On the 7th birthday of her daughter, Sheena deposited an amount in a bank peso bond fund
that pays 1.0 % interest compounded annually. How much should she deposit if she wants to
have ₱100,000 on her daughter’s 18th birthday?
6. If you deposit ₱ 5,000 into an account paying 6% interest compounded quarterly, how
much money will be in the account for 6 years?
7. Rodel puts ₱100,000 in a savings account paying 8% interest compounded monthly. At this
rate, how much money will be in the account for 4 years?
Name: Grade and Section:
Solve the following problems.
8. What is the amount of maturity value of a loan ₱20,000 at 6% compound interest for 3
years?
9. In order to have ₱50,000 in 5 years, how much should you invest if the compound interest
is 5%?
10. In a certain bank, Mark invested ₱88,000 in a time deposit that pays 0.5% compound
interest in a year. How much will be his money after 6 years?
11. What is the amount of interest of a loan ₱20,000 at 6% compound interest for 3 years?
12. On the 7th birthday of her daughter, Sheena deposited an amount in a bank peso bond
fund that pays 1.0 % interest compounded annually. How much should she deposit if she
wants to have ₱100,000 on her daughter’s 18th birthday?
13. If you deposit ₱ 5,000 into an account paying 6% interest compounded quarterly, how
much money will be in the account for 6 years?
14. Rodel puts ₱100,000 in a savings account paying 8% interest compounded monthly. At
this rate, how much money will be in the account for 4 years?