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Simple Interest

The document outlines the concept of simple interest, providing the formula I = Prt where I is interest, P is principal, r is rate, and t is time. It explains different compounding periods: quarterly, semi-annually, and annually, along with the maturity value formula A = P(1 + rt). Additionally, it specifies the interest calculation based on different time frames, such as days and months.

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Sophia Alloura Furigay
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4 views2 pages

Simple Interest

The document outlines the concept of simple interest, providing the formula I = Prt where I is interest, P is principal, r is rate, and t is time. It explains different compounding periods: quarterly, semi-annually, and annually, along with the maturity value formula A = P(1 + rt). Additionally, it specifies the interest calculation based on different time frames, such as days and months.

Uploaded by

Sophia Alloura Furigay
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

SIMPLE INTEREST Quarter - 3

months 4 times in
Formula:
a year
I = Prt ;
Semi Annually –
P = principle, every after 6
months, twice a
I = Interest, year
R = rate, Annually – Once a
T = time year

1 Maturity value
A.) P = (amount/balance)
rt
i formula: A = p + 1,
B.) r = A = P/Prt or
pt
i A = P(1 + rt)
C.) t =
pr
Interest formula:
Days = 360
I = A -P
Monthly = 12

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