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Interest and Commission Worksheet

This document is an interest and commission worksheet. It contains tables to calculate simple and compound interest on various principal amounts over different terms and rates. It also contains word problems about commissions earned by salespeople based on percentages of total sales. Solutions are not shown.

Uploaded by

Muyco Mario Angelo
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© © All Rights Reserved
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Download as DOC, PDF, TXT or read online on Scribd
433 views

Interest and Commission Worksheet

This document is an interest and commission worksheet. It contains tables to calculate simple and compound interest on various principal amounts over different terms and rates. It also contains word problems about commissions earned by salespeople based on percentages of total sales. Solutions are not shown.

Uploaded by

Muyco Mario Angelo
Copyright
© © All Rights Reserved
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
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INTEREST AND COMMISSION WORKSHEET

Name: _______________________________________________________________________ Section: __________________________________

II. Complete the table

A. Simple Interest

P r t I F
P 2,000 5% 3 years 1. 2.
P 3,500 2% 6 years 3. 4.
P 10,000 3% / quarter 5 years 5. 6.
P16,000 3%/month 4 ½ years 7. 8.
P 30,000 5% semi-annually 4 years 9. 10.

B. Compound Interest
P r t m F
P 2,000 3% 1 year annually 11-12.
P 3,500 6% 2 years monthly 13-14
P 17,000 8% 2 years quarterly 15-16
P 23,000 7% 4 ½ years semi-annually 17-18.
P 40,000 1% 6 years yearly 19-20.

III. Problem Solving on Commissions. Encircle the letter of the correct answer. SHOW COMPLETE SOLUTIONS
21-25. Gerald is a broker who earns commission of 10 % on all securities sales that he makes. For the past year, he
closed sales totalling P 582,268. Find the amount of commission he earned for the year.

26-30. Clyde is a sales engineer receiving a basic monthly compensation of P 15,500 and commission on all sales of
2%. Compute for his gross earnings for the month if he sold P 124,269.

For 31-40
Jennie is a straight commission salesman. She is given commission on the basis of the following schedule:

Monthly Sales
FIRST P 20,000 1%
SECOND P 20,000 2%
THIRD P 20,000 3%
EXCESS AFTER THE THIRD 20,000 4%
31-35. What is her commission if his total sales is P 82,500?

36-40. What is her commission if his total sales is P106,400?

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