3. Mrs. Reyes invested P20,000 which accumulates to P22,500 in 10 months. Find the simple interest rate. Your answer
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- 1. John invested Php1000 in savings bonds. If the bonds earn 6.75% interest compounded semi-annually, how much total will John earn in 15 years? 2. Judy borrowed Php500 at an annual interest rate of 8%. At the end of the loan period she had to pay back Php530. How long was the loan for?Jianne invested Php 50,000 in a friend's business with a definite annual interest rate of 4%. How much is her money's worth after 3 years? what if the interest rate of 4% is compounded quarterly, how much will she get after years?Cardo invested a certain amount at 20% simple interest per year. After 8 years, the interest she received amounted to Php40,000. How much did he invest?
- Sonny, who invested P15,500 had P19,900 returned to him 4 years and 4 months later. Atwhat rate of interest converted monthly did his money earn?Stephanie borrows Php77,000 for 10 months at an interest rate of 12% per year. Find the interest earned and the total amount she has to pay. a) How much is the interest earned? b) How much is the total amount that Stephanie has to pay?Phyllis invested $9,000, a portion earning a simple interest rate of 4 1 2 % per year and the rest earning a rate of 4% per year. After one year the total interest earned on these investments was $400.00. How much money did she invest at each rate?
- Four years ago, XZY deposited $2,920 in an account that has earned and will earn 8.70 percent per year in compound interest. If ABC deposits $3,540 in an account in 1 year from today that earns simple interest, then how much simple interest per year must ABC earn to have the same amount of money in 10 years from today as XZY will have in 10 years from today? Answer as an annual rate. 20.30% (plus or minus .05 percentage points) 10.00% (plus or minus .05 percentage points) 9.00% (plus or minus .05 percentage points) 18.36% (plus or minus .05 percentage points) None of the above is within .05 percentage points of the correct answer.3.) Mark decides to invest, if $300 is earned in three months on her investment of $12000 what is the anual rate of interest?Phyllis invested $7,500, a portion earning a simple interest rate of 4 1/5 % per year and the rest earning a rate of 4% per year. After one year the total interest earned on these investments was $312.00. How much money did she invest at each rate? at 4 1/5 % per year $ at 4 % per year $
- Alexander invests $5,000 at an interest rate of 1.4% per quarter. How much is the investment worth after 3 years?Joella invested RM5,000 in an interest-bearing promissory note earning an 8% annual rate of interest compounded monthly. How much will the note be worth at the end of 5 years, assuming all interest is reinvested at the 8% rate?Maria invested part of her P800,000.00 in an investment earning 12% per annum while the remaining at 10% per annum. If she received P90,000.00 amount of interest for one year, how much did she invested on each interest rate?
