3. The price of a certain item is P1,000, payable in O days but if paid in 30 days there will be a P30 liscount. Find the rate of simple interest
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- The price of a certain item is 10000, payable in 10 days but if paid in 30 days there will be a P30 discount. Find the rate of simple interest?1.If you bought a 4-week T-bill for Tk.887 and receive Tk.1,200 4 weeks later, what is the effective annual compounded interest rate earned?1) what is the discount yield on a 9-month T-bill sold for RM925, assuming there are 365 days in a year?
- How long will it take for P10,000 to earn P1,250 interest invested at 10%? DiscountP9,000 for 9 months at a discount rate of 8%.An item presently costs P2,000. If inflation is at the rate of 8% per year, what will be the cost of the item in three years?1. What is the simple interest due on a 20 days loan of P95,000.00 if the annual rate is 8%.
- What is the present value of $14,000 to be received in one year if the interest rate is 8% p.a.? a. $6000 b. $15120 c. $12963 d. $22000Assume you take out a $2000 loan for 30 months at 9% APR. What is the monthly payment? (Round your answer to 2 decimal places.) N: months I %: P.V: $ PMT: $ F.V: 0 P/Y: 12 C/Y: 127.If $1000 is deposited at 12.5% p.a. for one year, what is the effective annual interest rate if interest is compounded quarterly? Select one: a. 13.10% b. 12.50% c. 13.03% d. 13.05%
- step by step instructions please What is the present value of $11,000 to be received in two years if the interest rate is 5% p.a.? a. $10476 b. $10000 c. $21000 d. $9977If $15,000 was borrowed at 12 percent interest with monthly payments of $333.67, how long will take to pay off the loan? N =_____ I/YR =_____ PV =________ PMT =_________ FV = ____________If $10,000 is borrowed today at 5% simple interest, how much is due at the end of 10 years? (a) $5000 (b) $10,000 (c) $15,000 (d) $16,289