1) If the formula for Simple interest is I = prt, how about the formula for finding the principal a) P=I/rt b) r=I/Pt c) t=I/Pr d) F=P+I 2) What is F in the formula F=P(1+rt) or F=P+I? a) PrincipalL b) Maturity value c) Simple Interest d) Rate 3) In the problem, what are the amounts of interest of a loan for P25, 000 at12%simple interest for 5 year? What is the interest rate a) 12% b) 10% c) 15% d) 11.5% 4) A bank offers 0.25% annual simple interest rate for particular deposit. How much interest will be earned in 1 million pesos is deposited a) 250.00 b) 1250 c) P2500.0 d) 1500 5) How long will 1 million pesos earn a simple interest of 100,000 at 1% per annum? a) 1 year b) 10 year c) 5 year d) 20 year

Activity 3: Lets Mathrathon!

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