Chapter 1

Basic Concepts
Interest
1.1. Concepts
Interest. It is the payment or charge for using
money from another over a period of time to
a rate for the period for which it is agreed.
Rate. Proportion of the borrowed capital
referring to a period of time: Example
30%. It is 30 out of every 100, for example.
monthly.
Formula of simple interest. For a capital
initial, P, an interest rate i for the period and for n
periods, you must set
I = P*i*n
Rule. For the calculation, it must be equipped the
rate with the time period. Making the
case conversions.
1.2. Proposed Problems
1. A principal of 6500 um was placed in a bank account during a
quarter, the interest rate for that period rose to 4
%. What was the interest generated at the end of the quarter?

Solution
Capital: 6500
4% quarterly
I=P*i*n
I=6500*4% = 260
260

1
A bank account that has a term of 180 days is opened with
a capital of 5000 currency units. During that period, the bank pays you a
interest rate of 8%. How much will the interest amount to at the end of the
period?

Solution
Capital: 5000
8% semiannual
I=P*i
I = 5000 * 8% = 400
400

3. A principal of 4500 um was placed in an account that generated a

interest of 67.5 um for a period of one month, what was the interest rate?
of that period?

Solution
Capital: 4500
Accrued interest: 67.5
I/P=i
67.5/4500= 1.5%
1.5% monthly

4. Calculate the amount of the principal with which an account was opened,
the same that until the closing moment generated an interest of 75 um.
The interest rate for that period was 5%

Solution
Accumulated interest: 75
5%
Capital: 75/5% = 1500
1500

5. Calculate the interest rate of an account, the same that is opened.

with a principal of 1100 um and that at the time of closure registered a
amount of 1210 um.

Solution
1100
Accumulated interest: 110
Interest rate: 110/1100= 10%
10%

2
 Amount
6. What is the current amount of an account that was opened with a
principal of 1500 um. and that has accrued until today an interest rate of
5%?
Solution
Capital: 1500
5%
1500*5% = 75
Interés: 75
Monto final: 1575
RESPUESTA: 1575

7. Calculate the amount of an account that registers an interest of 300 um,

generated by an interest rate of that period of 4%

Solution

8. Calculate the principal with which an account is opened, the same that
It recorded an amount of 1442 um, at an interest rate of 3%.

Solution

9. What is the interest recorded on an account opened with a principal of

1500 um whose amount is 1750 um.

Solution

1.3. Various problems.

A lender indicates that he charges 10 soles for every 100 soles.

one month period. If you lent 150 soles for 45 days, how much is it?
amount of interest that should be charged?
Solution

2. What was the interest rate charged for a loan of

4567.80 was paid in interest 134.78?
Solution

3
3. If I deposited 6000 new soles in a financial institution and then
I collected after 49 days, the amount of 7960.78. How much was the
earned interest?
Solution

After 90 days, they charged me 60 new soles for having lent.

800. How much did I pay in percentage?
Solution

5. What is more convenient?

a) Deposit 1000 new soles in a bank
b) Invest the 1000 new soles in a business
Solution:
6. If they charged me 10 nuevos soles for 1000 nuevos soles and for 500
five new soles. In which case was I charged more?
Solution

7. 10 soles are charged for every 100 new soles, every 30 days. Juan
lends under those conditions 500 new soles on January 1st. Then the
On February first, come again to lend 500 soles more. If not.
He paid until March 30. How much did he have to cancel on that date?
Solution

8. A person performs the following operations

Deposit 500 soles, in the first month
Withdraw 300 soles in the second month
Deposit 800 soles in the third month
Retrieve the total plus the interests in the fifth month
Present a time-value diagram to illustrate this case.
Solution:

9. If 200 nuevos are charged for 45 days on a loan of 5000 nuevos

soles. How much will the monthly rate be?
Solution

10. If 9.5 new soles are charged for every 200 soles for a month.
So how much will the rate be for 270 days?
Solution.

4
Chapter 2
Simple Interest
2.1. Formulas
General formula:
I = P* i * n
The other formulas
P = I / i*n
i = I/P*n
n = I / P*i
Amount. It is the sum of the initial capital plus the earned interest.
operation period.

5
 S = M = Amount
S=P+I
S = P * (1 + i*n)
P = S / (1 + i * n)

Time Equivalences
1 year = 12 months = 24 fortnights = 360 days = 52 weeks.
1 year = 4 quarters = 6 bimesters = 3 quadrimesters = 2 semesters.

Rule. The rate and term must be of the same dimension. If not,
it must convert one of the financial magnitudes to that of the other.

2.2. Proposed Problems.

Interest with principal and constant rate
1. Calculate the simple interest generated by a principal of 4000 units of currency, placed in
a bank at an annual interest rate of 36% for 6 days

Solution
Capital: 4000
Deadline: 6 days
36% annual
I=P*j*n
I = 4000 * 0.36 * 6 / 360 = 24
24

2. What is the simple interest generated by a principal of 3000 um, in the term
of 8 months, placed at a TNA of 48%

Solution
Capital: 3000
Deadline: 8 months
TNA: 48%
I = 3000 * 0.48 * 8 / 12 = 960
960

3. What simple interest did a principal of 10000 um earn in 1 year, 2

months and 26 days, placed at a TNM of 2%?

Solution
Capital: 10000

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 Term: 1 year 2 months 26 days = 446 days
2%
I= 10000*0.02*446/30 = 2973.333
RESPUESTA: 2973.333

4. What simple interest can be available on May 18, if on April 15 of the

In the same year, a principal of 5000 was invested at an annual nominal interest rate of 24%?

Solution
Capital: 5000
TNA: 24%
04/15/19
End date: 05/18/19
Días = 33
I = 5000 * 0.24 * 33 / 360 = 110
110

5. Calculate the simple interest generated by a principal of 2000 units.

from March 12 to June 15 of the same year. In this operation, there
applied a TNT of 7.5%

Solution
2000
12/03/19
End date: 06/15/19
Days: 93
TNT: 7.5%
I = 155
155

What principal amount at an annual nominal interest rate of 24% generates 300 units of interest?

simple, at the end of 18 weeks?

Solution
TNA: 24%
Interés: 300
18 weeks >< 126 days
300/(0.24*18/52) = 3611.11
300/(0.24*126/360) = 3571.43

7. What is the amount of a principal that, placed in a bank for 7

Quarters at an annual nominal interest rate of 26% produced simple interest of 800 currency units.

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 Solution

8. If I want to earn simple interest of 3000 um. in the period understood

between April 4 and May 31 of the same year, what principal should I
put in a bank that pays a TNM of 2%?

9. What is the monthly simple interest rate applied for a principal

of 8000 um. placed at 2 years and 6 months, has gained 6000 um.
interest?

Solution :

A principal of 2000 um produced simple interest of 60 um over a period

of 36 days. What was the APR applied to this operation?

Solution
11. How many days was a principal of 15000 um placed, at a
TNA of 28%, if the simple interest generated was 350 um.

Solution

12. A principal of 12000 um, placed at an annual nominal rate of 12.5%, generated 541.68.
Um. Simple interest. Determine the time of the operation.

Solution

13. For how long was a principal of 10,000 um imposed, at the TNM of
Did 2% produce a simple interest of 2000 um?

Solution

14. Calculate the simple interest included in an amount of 4000 um. obtained from
a principal that was placed in a bank at an annual interest rate of 24% for 90 days

Interest with constant capital and variable rate

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15. What simple interest did an investment of 2000 um accrue placed on 03
from March to June 28 of the same year at a TNM of 3%, which varied on the 16
from April to 2.8% and 2.6% on June 16?

Solution

16. A credit contract was signed for 8000 to be paid within 12.
months with simple interest, at an annual nominal rate of 36% and subject to variations of

market. If at the maturity of said contract the ANRs were 36%

for 2 months, 34% for 3 months, 35% for 4 months and 34.5%
for 3 months. What interest will have to be paid at maturity of the
contract?

Solution

17. A debt of 2000 units, incurred on June 8 to be settled on June 8.

July (of the same year) and originally agreed at a TNA of 24%, suffers
variations starting from the following dates: June 12, 2.5% monthly;
June 24, 9% quarterly; July 3, 21% semi-annually. What interest?
Will the simple be paid at maturity?

Solution:

Interest with principal variable and constant rate

18. A savings account opened on April 4 with an initial deposit of
500 um. had the following movement that month: day 8, deposit of 100
Um. ; day 17 retro of 400 um. ; day 23, deposit of 500 um.; day 23 retro
of 200 um. What simple interest was accrued by April 30 if it was received
an APR of 24%?

Solution

A savings account was opened on July 11th with a deposit of 2000.

Um., and it was canceled on October 31.

During that period, the following movement was recorded:

9
 Date Operation Amount
November 7 Deposit (D) 2000 um.
25/7 Retro ( R ) 800 um.
15/8 Retro (R) 500 um.
1/9 Deposit (D) 300 um.
It is required to calculate the simple interest generated by the savings account.
which accrued a TNA of 10% until the date of its cancellation.

Solution

On June 2, a savings account was opened with 2000 um, and transactions were made.
deposits of 500 um. and 300 um. On the 8th and 16th and in a retro of 300 um.
June 26. The agreed TNA was 28%, which fell to 26% starting from the 16th.
of June. What was the accumulated interest and what is the available balance on the 1st?
of July?

Solution

21. A savings account opened on July 11 with 1500 um. had the
next moves:

Date Operation Principal Operation

Rate %
11/07 Deposit 1500 Initial rate TNA
=14%
20/07 Retro 200
01/08 Rate change TNA
13%
23/08 Deposit 600
24/09 Retro 100
01/10 Change of rate
1%
09/10 Retro 400
11/03 Deposit 300
30/12 Cancellation
It is necessary to know the balance and the simple interest that will be received in the
account cancellation date

10
 Solution

Amount with principal and constant nominal rate

22. If 3000 um were placed in a savings account, with an annual nominal interest rate of 24%.
How much will have accumulated in simple interest after 46 days?
Solution

23. A gentleman owed 1000 um. and agreed with his creditor to postpone that payment for
14 days, during which the debt would generate an NCD of 0.25%. What amount
Should they simply cancel at the end of that term?

Solution

24. What is the simple amount generated by a principal of 5000 um., placed at
a TNM of 2%, from April 5 until June 25 of the same year?

Solution:

On June 25, the balance of a savings account was 5000 um. Calculate its
simple amount as of September 30 of the same year with a TNM of 3%

Solution

26. A machine has a cash price of 5000 um. The company Ricky
agreement with your supplier to pay an initial fee of 2000 for the machine
and the balance within 45 days with a 3% simple interest surcharge
monthly on the cash price. What was the true interest rate
monthly payment that Ricky made?

Solution

On May 23, a share package was acquired for 24000 um and was sold
on June 18 of that same year; on this date a net amount was received
From 26800 um. Calculate the monthly simple interest rate of the operation.

Solution

11
28. A household appliance has a cash price of 3000 um.
acquire the loan with an initial payment of 1000 um and a payment of 2200
um. at 60 days. What is the annual simple interest rate charged for this?
financing?

Solution:

29. At what monthly interest rate will an amount of 10000 um be?

Convert an amount of 11125 um. If placed at simple interest for 3
months?

Solution

30. An item with a cash price of 120 was sold with a credit card.
to pay 127.20 in 45 days. What is the monthly interest rate?
simply charged to the credit.

Solution

31. At what monthly interest rate was a capital of 2000 um invested?

placed at simple interest on April 20 and whose simple amount at 2 of
December of the same year was 2500 um.

Solution

32. A principal of 5000 um placed at simple interest at an annual nominal interest rate of 24%...
increased by 15%. It is required to determine the term of the operation.

Solution

33. In how many days will an investment of 7000 um. turn into a certain amount?
simple of 7933.34 um. and will receive a TNA of 24%?

Solution

In how many days will an amount double if placed at simple interest?

a TNA of 24%?

Solution

12
35. How long will it take for an amount invested at simple interest to triple?
TNM of
5 %?
Solution

36. What principal must be invested today at a nominal annual interest rate of 24% to form a

amount Simple interest of 8000 within 45 days?

Solution

37. The sum of a principal and its interest generated by a TNM of 2% was
of
20000 um., in the period from June 30 to the 31st
December of that same year. Determine the amount of the principal.
Solution

38. What amount was placed at a TNA of 20%, if after 38 days it

turned into 5000 um., in a simple interest operation?

Solution:

39. Find the principal invested at a bi-monthly rate of 4%

for 87 days it produced a simple amount of 500 units.

Solution

40. A capital invested for 6 months and its interest make a total of
2000 um. If the nominal quarterly rate applied was 4%. What is
the amount of the principal and of the simple interest?

Solution

41. How much should be invested today in a simple interest operation to

accumulate 20000 um. within 120 days, in a credit institution
What does a TNA of 36% pay?

Solution

42. An amount was placed at simple interest at a TNT of 4% that is

converted after 4 months into 2500 units. What was the amount?
deposited?

13
 Solution

Amount with constant principal and variable nominal rate.

43. An investment of 8000 um, placed for 5.5 months at
simple interest, yielded a TNM of 3% during the first four
months, the fifth month yielded an APR of 40% and the last fortnight
It yielded a TNT of 12%. What was the accumulated amount?

Solution:
44. Calculate the simple amount of a savings deposit of 5000 um
placed on August 9 and canceled on September 1 of the same year
Year. The annual TNAs are 30% starting from August 1, 28% starting
from August 16 and 26% starting from September 1.

Solution:

45. An item with a cash price of 2000 um is sold with a

initial fee of 800 um. and on the payable balance within 60 days,
The following fees are charged: TNA of 24% for 07 days, TND of
0.1% for 13 days, TNS of 14% for 15 days, TNT of 9% for
25 days What simple amount must be settled at maturity of the
deadline ?
Solution

Equations of equivalent value

Calculate the present value at simple interest of a bill whose value
the nominal is 10000,
The same that matures in 90 days. Utilize an annual nominal interest rate (TNA) of 24%

Solution:

47 On September 24, a company has a debt of 8000 um.

the same will be due on October 30 and another debt of 12000 um., that
will expire on November 21 of the same year. It is proposed to its creditor
cancel them with two equal payments on November 8 and 23 of
December respectively. What is the amount of each payment if the creditor

14
 it requires a TNA of 24% and the evaluation at simple interest must
Will it take place on December 23 as the focal date?

Solution

48. Redo the previous problem, but take the focal date as the
November 8
Solution

On May 26, the company Malta S.A. requested a loan of 5000 um.
that earns an annual nominal interest rate of 24% and must be paid on August 24. On the 16th of

June amortized 2000 um. and on July 11 amortized 1500. What amount should be?
cancel at the expiration of the deadline?

Solution

50. Two main ones were placed equal: The first in the Northern bank at
a TNA of 24% for 85 days; the second at the Banco del Sur at a TNA
of 28% for 60 days. Interest was received for both operations.
simple of 500 um. What was the amount of each principal?

Solution

Accumulation of an amount with uniform deposits

51. What amount can be accumulated in a period of one year if conducted
monthly deposits overdue of 500 units, if they are placed with simple interest
and a TNA of 24% is perceived?
Solution

52. It is necessary to calculate the amount of the overdue monthly uniform installment.
with which
You will be able to accumulate a simple interest amount of 10,000 um in a period of 01.
year. These deposits will be made in a bank that pays interest on deposits
with a TNA of 24%. Verify the validity of the previous calculation by means of the
accumulation table of the fund.
Solution

15
53. What rate should be applied to establish an amount of 12000 um in the
a period of one year and make uniform monthly deposits of 900 due
um, placed at simple interest?

Solution

54. How many uniform monthly due installments can accumulate?

a simple amount of 5000 um. , if deposits of 514.41 um. are made in a
bank, if they perceive a TNM of 24%?

Solution
55. What simple amount can be accumulated with 5 uniform deposits?
advance quarterly payments of 1000 each. The deposits earn a
TNM of 2.5%?

Solution

56. It is required to determine the amount of the uniform quarterly installment.

it is anticipated that within a year it will accumulate the simple amount of 4000
These deposits will earn an annual nominal interest rate of 16%. Prepare a table of
accumulation of the fund and verify the validity of your calculations.

Solution

57. What TNA was applied in an operation whose simple amount is 2200 um.
it accumulated over the course of a year with quarterly advance deposits
of 500 um?

Solution

58. How many advance bimonthly installments of 714.28 will it be able to?
accumulate a simple amount of 4000 units, if these deposits earn a
TNA of 24%?

Solution

Amortization with uniform installments

59. A kitchen whose cash price is 750 um is financed with a
initial payment of 75 um. the balance generated by an APR of 24% must be paid.

16
 within a period of six months with uniform monthly installments due at
simple interest. Calculate the amount of the uniform installment and formulate the table
debt amortization.
Solution

60. It is required to know what the amount of the loan will be that can be
to amortize at simple interest over a one-year period with uniform installments
Overdue quarterly payments of 500 currency units. The interest rate on the loan is 18%.
annual.

Solution
61. A machine that has a cash price of 7000 um is sold at
credit with an initial payment of 840 um. and the balance will be amortized at interest
simple within a period of 5 months with uniform monthly payments due
of 1400 each. It is required to know the amount of the TNA charged.

Solution

62. How many quarterly overdue uniform installments of 800 um can you have?
to amortize a simple interest loan of 4900 units, the same that
Does it earn a TNA of 16%?

Solution

63. Calculate the uniform advance payment that amortizes a loan of

8000 um over the course of a year with bimonthly payments. The simple interest
the loan accrues at an annual nominal rate (TNA) of 18%.

Solution

64. What principal, that yields an annual nominal interest rate of 12%, can be amortized to

simple interest with 9 uniform anticipatory quarterly installments of 500

um?

Solution

65. The cash price of an appliance amounts to 1000 um.

credit purchase on May 12 with an initial payment of 110 um in that
date and with 9 letters that have a nominal value of 110 units each, and
they expire every 30 days; therefore, the first letter (second payment) expires on the 11

17
 from June and so on. If the financing is simple interest, it
requires the TNA that was applied in this operation.
Solution

66. How many uniform monthly advance installments of 656.18 um

It will be possible to amortize a loan of 5000 units that accrues simple interest.
with an APR of 18%
Solution

2.3. Various issues

1. Determine the interest generated by an amount of $4,769.00 in 5 months, with

a TNA of 5.6%.
Solution

2. Determine the interest generated by a capital of $13,500.00, with a rate

nominal of 7.5%, over a period of 2 years.

Solution

3. A debt was acquired that generated an interest of $6,200.00, which had

a nominal rate of 3.1% over 8 and a half months. What was the amount
original?

Solution

4. In what time is an interest of $3,118.50 generated, with a capital of

$20,900.00, with a nominal rate of 15.5%.?

Solution

5. Yesterday, a kitchen piece of furniture was acquired, which had a price of

$4,600.00. 30% was paid in cash and the rest on credit. What amount does it generate?
The remaining amount must be paid in 6 months with an interest rate of 2.8%?

Solution

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6. Jorge wishes to deposit a capital of $350,500.00 in Banorte bank to
Hello, they offer you a rate of 13% monthly simple interest. What amount will you accumulate in 5?

years?

Solution

Mr. López needs to pay his daughter's tuition and has a deadline on
today. Because he doesn't have the money, he decides to borrow.
$3,000.00 which will be charged a simple interest rate of 25% to pay
In 4 months. What is the simple interest that he has to pay?

Solution

A person paid $65,000.00 which is the interest corresponding to a rate

of 9.3% nominal interest for 17 months. What is the original capital?

Solution

9. - A lady finished paying a month ago for a television she bought at

credit in the store 'Apolo'. From this operation, he was responsible for paying the
amount of $4,000.00 for interest corresponding to 14
Months. The value of the TV was $6,000.00 What was the annual interest rate?
What were they charged?

Solution

10. If an interest of $82,000.00 is generated from a capital of $125,000.00 with

an interest rate of 32% per year. What was the time that should have elapsed?
In months and verify it.

Solution

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