What I Need to KnowAt the end of the lesson, the learners should be able to:1.define simple interest;2.compute simple interest, maturity value and present value; and3.solve problems involving simple interest.What I Know(Pretest)Directions:Read each statement carefully. Choose the letter of the correct answer and write iton a 1 whole sheet of paper.1.)This refers to the accumulated amount obtained by adding the principal and thecompound interest.A.Compound amountC.Present valueB.Compound interestD.Simple interestSimple InterestLesson1

2.)Date on which the money borrowed or loaned is to be completely repaid.

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3.)What is the formula in computing the simple interest on a given financial transaction?

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4.)This refers to the interest rate per conversion period.

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5.)This refers to the amount paid or earned for the use of money.A.Conversion periodC.PrincipalB.InterestD.Rate

6.)30 months is equivalent to

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7.)How much is the simple interest on this financial transaction,P=₱5,000.00,r= 6%,andt= 2 years?

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8.)What is the total number of conversion periods when a certain amount is borrowed at10% compounded monthly for 5 years?2460

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9.)How much was the interest if Sophia borrowed ₱45,000.00 and paid a total of₱55,500.00 at the end of the term?A.₱10,500.00C.₱11,500.00B.₱45,000.00D.₱100,500.00

10.)What is the interest rate per conversion period if ₱25,900.00 was invested at 3.5%compounded annually for 4 years and 6 months?

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11.)John borrowed₱45,400.00 at 10% simple interest rate. How much should he repayafter 3 years?

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12.)An interest of ₱760 was earned on an investment for 9 months at 3% interest rate. Howmuch was invested?

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13.)At what simple interest rate was₱18,350.00 invested if it earned ₱1,025.00 interestfor 1.5 years?A.0.0372%C.3.72%B.0.1193%D.11.93%

14.)How much will be the compound interest if₱30,220.00 is invested at 7% compoundedquarterly for 2 years and 9 months?

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315.)When is₱78,800.00 due if its present value of ₱61,500.00 is invested at1034%compounded monthly?A.2. 32 yearsC.10.75 yearsB.6.95 yearsD.27.79 yearsWhat’s InOn the previous modules, the basic concepts on functions were introduced. Functionswere used as mathematical models. These are abstract models that use mathematical languageto describe relationships. With the notion of mathematical modeling, mathematics is concernednot only with the measures of the physical world but it has also expanded its applicability tosciences, both social and biological, business, and finance. So with this, lessons relating tobusiness and finance will then be introduced specifically on simple interest.

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