Determine the exact simple interest on P5,000 for the period from Jan 15 to Nov 28, 1992 if the rate of interest is 22%. If you borrowed money from your friend with simple interest of 12%, find the present worth of P50,000 which is due at the end of 7 months. A loan company charges 15% simple interest on P500 loan. How much will be repaid if the loan is paid back in one lump sum after 3 years? The exact simple interest of P5000 invested from June 21, 1995 to December25, 1995 is P100. What is the rate of interest? What is the ordinary interest on P1500.50 for 182 days at 5.2%?Five thousand pesos invested at a certain interest rate compounded semi-annually become twenty thousand pesos after ten years. How much will it become at the end of fifteen years? How long or how many years would an amount of money invested at 10% compounded annually becomes doubled? By the conditions of a will, the sum of P20,000 is left to a girl to be held in a trust fund by her guardian until it amounts to P50,000. When will the girl received the money if fund invested at 8% compounded quarterly? A college student borrowed P20,000 from a bank for his tuition fee and promised to pay the amount for one year. He received only the amount of P19200 after the bank collected the advance interest of P800. What was the rate of discount? What was the rate of interest? A man invested in a bank so that his daughter would receive P200,000 ten years form now. How much should he invest if it will earn 10% compounded annually during the first five years and 12% compounded quarterly for the next five years?

The payment to a depositor or lender from a deposit-taking financial institution or a borrower of an…

Answered: Determine the exact simple interest on…

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Determine the exact simple interest on P5,000 for the period from Jan 15 to Nov 28, 1992 if the rate of interest is 22%.

If you borrowed money from your friend with simple interest of 12%, find the present worth of P50,000 which is due at the end of 7 months.

A loan company charges 15% simple interest on P500 loan. How much will be repaid if the loan is paid back in one lump sum after 3 years?

The exact simple interest of P5000 invested from June 21, 1995 to December25, 1995 is P100. What is the rate of interest?

Five thousand pesos invested at a certain interest rate compounded semi-annually become twenty thousand pesos after ten years. How much will it become at the end of fifteen years?

How long or how many years would an amount of money invested at 10% compounded annually becomes doubled?

By the conditions of a will, the sum of P20,000 is left to a girl to be held in a trust fund by her guardian until it amounts to P50,000. When will the girl received the money if fund invested at 8% compounded quarterly?

A college student borrowed P20,000 from a bank for his tuition fee and promised to pay the amount for one year. He received only the amount of P19200 after the bank collected the advance interest of P800. What was the rate of discount? What was the rate of interest?

A man invested in a bank so that his daughter would receive P200,000 ten years form now. How much should he invest if it will earn 10% compounded annually during the first five years and 12% compounded quarterly for the next five years?

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