1. A man borrows P2,500 for 2 years at 8 %4%. How much and what will be the amount at the end of the term? 2. If P350 becomès P10,800 in 1 year and 6 months, what simple interest rate is applied? 3. Joana loans P18,700 at 4 % % simple interest. How long will it take her to get P1800 interest? 4. What is the principal invested from June 10, 2020, which will amount to P50,000 on October 20, 2021, using 14.8% simple interest? 5. Find the simple discount on P12,000 due at the end of 1 year and 6 months with 7.5% simple discount rate. How much is the proceeds? simple interest

1. A man borrows P2,500 for 2 years at 8 %4%. How much and what will be the amount at the end of the term? 2. If P350 becomès P10,800 in 1 year and 6 months, what simple interest rate is applied? 3. Joana loans P18,700 at 4 % % simple interest. How long will it take her to get P1800 interest? 4. What is the principal invested from June 10, 2020, which will amount to P50,000 on October 20, 2021, using 14.8% simple interest? 5. Find the simple discount on P12,000 due at the end of 1 year and 6 months with 7.5% simple discount rate. How much is the proceeds? simple interest

Corporate Fin Focused Approach

5th Edition

ISBN:9781285660516

Author:EHRHARDT

Publisher:EHRHARDT

Chapter4: Time Value Of Money

Section: Chapter Questions

Problem 2STP

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