QUARTER II –MODULE 1: LESSON 4–
(FINDING INTEREST RATE, TIME, AND PRINCIPAL AMOUNT
IN A SIMPLE AND COMPOUND INTEREST ENVIRONMENT
SIMPLE & COMPOUND INTEREST
2.
OBJECTIVES
• Derive theformula of
interest rate, time and
principal amount in a
simple and compound
interest environment
• Solve for interest rate,
time and principal amount
in simple and compound
interest environment
3.
SIMPLE COMPOUND INTERESTFORMULA
(Interest Rate (r)
(Time)
(Principal Amount (P)
F = P + I (Future value)