4. is essentially
Simple Inte
the interest charged
to a borrower or earned by
a lender for the
full term of the loan.

5. The amount of
money deposited or
borrowed.

6. The sum of the
money paid for the
use of money

7. I = Prt

8. Given by the bank
or charged by the
lender

9. The length of time
for which money is
deposited or
borrowed.

10. The sum of the
principal and
interest.

11. FA = P + I

12. I
P r t

13. Mr. Valdez deposited P14,000 in a
bank at 6%. After 2½ years, she
decided to withdraw her money and
received P16,100.

14. P = Php 14 000
r = 6%
t = 2 ½ years
I = Php 2,100
FA = Php 16,100

15. P = Php 5 000
r = 11% I = ?
t = 4 ½ years

16. Sharlene deposited Php 5 000
in a bank paying 11%. After 4
½ years, Sharlene decided to
close her account. How much
money would she be able to
get from the

17. P = Php 5 000
r = 11% I = P r
t
t = 4 ½ years

18. I = P r t
I = (Php 5 000 ) (0.11)
(4.5)
I = Php2,475

19. FA = P + I
FA = Php 5 000 +
Php2,475
FA = Php 7,475

20. CAR LOAN
VIOS 1.3 BASE M/T
P662,000
FARM LOAN
2 HA
P30,000
BUSINESS LOAN
SMALL BAKERY
P400,000

21. Interest Rate: 5.5%
Time: 48 months
BBO

22. Interest Rate: 3.5%
Time: 60 months
BPL

23. Interest Rate: 2.5%
Time: 72 months
PNV

24. Interest Rate: 6%
Time: 36 months
LAMBBANK

26. Car Model and
Price
BBO BPL LAMBBANK PNV
Rate:
Time:
Interest:
Final Amount:
Payment per
month:
Rate:
Time:
Interest:
Final Amount:
Payment per
month:
Rate:
Time:
Interest:
Final Amount:
Payment per
month:
Rate:
Time:
Interest:
Final Amount:
Payment per
month:
Fill out the table below based off of the interest rates from
the different banks. Assume that you take the full amount
of time to pay off the loan and the rates do not change.