A deposit of Php 21,500 earn 6% interest compounded quarterly. How much money is in the bank after 6 years.

Q: Three years ago, the original amount in a fund was Php 1,200. The interest rate is 14%. Find (a) the…

A: Given that : Rate (r) = 14% Time (t) = 3 years Principal (p) = 1200 By using simple interest (s.i.)…

Q: Five years ago, a trust fund amounting to Php 45,000 was invested at 13% compounded annually. Find…

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Q: The sum of Php 15,000 was invested for 3 years at 9% interest compounded semiannually (a) how much…

A: Given that : Principal (P) = 15000 Rate (r) = 9 % annually... For semiannually rate becomes  9/2 %…

Q: Jan paid Php 9,250 on a loan made 6 months before at 12% simple interest. Find the interest…

A: Amount Paid after 6 months= 9250 rate of interest=12%=0.12 Recall: Amount after time t years…

Q: You deposit $400 each month for 17 years into an account earning 6% interest compounded monthly.…

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Q: Jill plans to put her money worth PhP 455,316 in a time deposit paying 2.32% compounded monthly for…

A: This question is related to Compound Interest,  we will solve it using given information.

Q: Yoy deposit $200 each month in an account earning 3% interest compounded monthly. How much total…

A: Given that $200 deposited each month in an account and earning 3% interest compounded monthly.

Q: Ana borrows Php 20,000.00 from her uncle and agrees to pay him Php 22,000.00 in 15 months. What…

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Q: The buyer of a lot pays Php. 50,000 cash and Php. 14,500 every month for 10 years. If money is 8%…

A: We will find out the required value.

Q: How many years will the Php 10,000 become Php 15,000 if it is invested in an instrument that offers…

A: We have to find how many years will the $10,000 become $15,000 if it is invested in an instrument…

Q: Mark deposits $1000 at the end of every 6 months in his bank account. If the bank pays 6% compounded…

A: Given, Mark deposits $1000 at the end of every 6 months in his bank account. If the bank pays 6%…

Q: If money is worth 9% compounded annually, find (a) the present value of Php 24,000 due in 8 years…

A: Given that: Money worth 9% compounded annually. Future amount : Php 24000 Time : 8 years

Q: Mark deposited P1,200 in an account that pays 3 ½% compounded monthly. He continues to deposit the…

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Q: For her 2nd birthday claudias parents invested $9,000.00 in an 13 year certificate for her that pays…

A: Given  Principal = $9000.00 rate = 7% compounded every 2 months time = 13 year

Q: Ed puts PhP 45,000 into an account to use for future expenses. The account earns 13%, compounded…

A: Topic = Algebra    Formula for compound interestA=P1+rnntA=Final amountP=Principalt=timer=interest…

Q: At the end of 6 months, Mr. White pays Php 12,500.00 per month to the bank for 5 years for the car…

A: Given:  P(Principal amount per month)=$12500 R(Rate of…

Q: B. Zoe made a fixed deposit of Php 100 000. After 2 years she got an amount of Php 144 000…

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Q: In order to save for his tuition fee, Ms. Snow decided to deposit Php 300.00 every month if the bank…

A: We will use compound interest formula on recurring deposits to find the answer

Q: Find the compound amount on a loan of php 85,000 at 6% for 5 years compounded quarterly.

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Q: If Php 25,000 is invested at an annual interest rate of 12% compound a. annually b. quarterly c.…

A: Given : Investment amount = Php 25000Rate = 12% and time = 2 years

Q: Bertha invests $10,000 for 8 years which results in an account balance of $24,759.63. What was her…

A: Given Bertha invested $10,000 for 8 years which resulted in an account balance of $24,759.63.

Q: Cardo Dalisay borrowed Php 160,000 at 7½% per annum simple interest. On the same day, he lent it to…

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Q: Nancy deposited $950 into an account that pays 5.41% annual interest compounded annually. When she…

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Q: Find the present value: 1. Php 40,000 due in 2 years at 3% compounded monthly

A: Disclaimer: Since you have asked multiple questions, we will solve the first question for you. If…

Q: You deposit Php 1000 each year into an account earning 5% interest compounded annually. How much wi…

A: Formula: F=A×1+rn-1r where A=Deposited amount each time period r= Interest rate n= Number of…

Q: teach

A: Given, A teacher saves P5,000 every 6 months in the bank that pays 0.25% compounded monthly.

Q: How much interest is earned in 6 years on Php 8000 deposited in an account paying 9% interest,…

A: To find  How much interest is earned in 6 years on Php 8000 deposited in an account paying 9%…

Q: You deposit Php 4000 each year into an account earning 4% interest compounded annually. How much…

A: Let us consider the principal amount P at the rate of interest R% compounded annually for the period…

Q: if a nine month term deposit at a bank earns a simple interest rate of 9% per annum how much should…

A: Find the values of r and t. To convert the term (t) in year, divide 9 months by 12.…

Q: Michelle invests in a savings account that pays 8% interest compounded monthly. What is the APY for…

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Q: Find the principal invested if $495 interest was earned in 3 years at an interest rate of 6%.

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Q: A deposit of $2, 150 earns 6% interest compounded quarterly. How much money is in the bank after for…

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Q: Mary bought a bike payable monthly for 9 months starting at the end of the month. How much is the…

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Q: 2. Php8 000 is invested in an account that yields 6% interest per year. After how many years will…

A: Here are the solutions:

Q: In order to help pay for his trip abroad for his spring semester of his senior year in college, Marc…

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Q: A loan of 50,000 Php is to be paid in 3 years at the amount of 65,000 Php. What is the simple…

A: 15000 Php

Q: to $11,500 in 2 years and the interest amount earned was $950,

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Q: Za'Dajha deposited $2,500 into an investment account that earns 8% interest compounded annually.…

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Q: Lori buys a $411 certificate of deposit (CD) that earns 4.6% interest that compounds monthly.  How…

A: Monthly interest rate and future value will be calculated using the formula,

Q: A Php 500,00.00 trust-fund was set up and to be used by an 8-year old niece when she goes to…

A: It is given that, Principle value , P=50000 Time =10 years Interest Rate, r=9.75%=0.0975 Since,…

Q: Tommy deposited Php45,000 on September 6, 2012 in an account that pays 7% interest compounded…

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Q: An investment made 7 years ago has accumulated to Php 32,500. How much was invested originally if…

A: Given that : Time = 15/ 2  annually Rate = 13 % annually Amount = 32500 P = ??  By using the…

Q: Discount 7,500 PHP for 2 years at 8% converted monthly. *

A: Given, discount 7500 PHP for 2 years at 8% converted monthly:

Q: Find the interest earned after 3 years if P12 000 is deposited a savings account which earns 5%…

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Q: if $230 is invested for one year at 5% interest rate, how much interest is earned

A: Given:$230 is invested for one year at 5% interest rate.

Q: Mr. Jolo deposited an amount of P20,000.00 in a bank that gives 3% annual interest compounded…

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Q: How much interest will Angel pay if she borrowed P120 000 payable in 8 months at 2.5%?

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Q: Ho saved RM25000 at 8% compounded monthly. Two years later, he withdrew RM15000 from his savings.…

A: Given information: Consider Initial amount P=25000 rate of interest r=8100=0.08 n=12 t=2 The formula…