Problem Solving:
Mr. Cruz is planning to put up a laundry business in his hometown, Carmen.
Since he does not have money on hand, he decided to borrow from a bank as the start-
up capital of Php100,000.00 at 6.5% simple interest rate payable within 5 years.
Compute for the interest yield.
Solve the problem by completing the table below:
Time Principal Interest Simple Interest
Amount after (t) years
(t)
(P)
Rate (0) Solution Answer
(Maturity Value)
1
2
3
4
5​