GEN. MATH Simple and Compound Interest PDF
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Mr. Rommel Bation
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These notes cover simple and compound interest concepts, formulas, and examples. The document includes lesson objectives and problem-solving exercises in the area of finance.
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1. Illustrate simple and compound interests; and 2.Distinguish between simple and compound interests. 3.Solve Simple and Compound Interests. 3 4 5 An interest that is computed on the principal. The interest remains constant throughout...
1. Illustrate simple and compound interests; and 2.Distinguish between simple and compound interests. 3.Solve Simple and Compound Interests. 3 4 5 An interest that is computed on the principal. The interest remains constant throughout the term. 7 8 9 10 11 12 13 Compound interest (𝐼𝐶 ) is the interest computed on the principal and also on the accumulated past interest. Thus, this includes the interest from the current year and added on the principal at the start of the following year, which means that the previous interest earns interest as well, together with the principal until fully paid. 15 16 Determine the compound amount of Php16,500 invested at 13% compounded for 6 years? 17 Ana borrowed Php11,500 from Jane at 9% compounded annually. How much will Jane receive at the end of 5 years? 18 19 THANKS! Any questions? 20
