Skip to content
SSHS Math Talas Hub
Back to the problem bank

Term 3 · Week 1 · Compound Interest

Basic problem

Basic

Find the maturity value of ₱15,000 invested at 5% per year compounded annually for 3 years.

Show step-by-step solution

Answer: 17364.38 ₱

  1. A=P(1+r)t=15,000(1.05)3A = P(1+r)^t = 15{,}000(1.05)^3.
  2. (1.05)3=1.157625(1.05)^3 = 1.157625.
  3. A=15,000×1.157625=17,364.38A = 15{,}000 \times 1.157625 = 17{,}364.38 pesos.

Common errors to watch for

  • Using simple interest 15,000(1+0.05×3)=17,25015{,}000(1+0.05\times3)=17{,}250.

Budget of Work competencies

  • gm11.t3.w1.c1
    Solve problems involving compound interest, including maturity value, future value, nominal rates, and number of terms.

Built for teachers and learners in the Philippines. Curriculum content follows the DepEd Budget of Work.

About © 2026 SSHS Math Talas Hub