A house and lot has a selling price of PhP 1,960,000. A client made a down payment of PhP 460,000 and the balance to paid by quarterly payment of PhP 58,790 for 10 years. Find the rate of interest compounded quarterly. ROUND-OFF YOUR FINAL ANSWER TO 4 DECIMALS. Don't use percentage in the final answer.

Q: Leo Jeriel borrowed Php 3,785 from a friend and promised to repay him in 9 months plus 12% interest.…

A: We want to find simple interest

Q: 3. Php 120,000 is deposited in a savings bank that earns 9% simple interest per year. What will be…

A: given principal amount (P)=php 120,000 interest R=9% T=5years sum of amount after five year? formula…

Q: Mark paid Php. 12,000 after 2 years for barrowing Php. 10,000. What is the simple interest rate…

A: Given: Total Amount Paid A=12000Time T=2 yearPrincipal Amount P = 10000Rate of Interest = ?

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

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Q: In order to accumulate enough money for a down payment on a house, a couple deposits $385 per month…

A:

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: At the end of each year, Carl and Linda Munson will deposit $2100 into a 401k retirement account.…

A:

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: 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: 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: Carlo purchases a new laptop computer from Microworx Computer Solutions for Php14,990. If the sales…

A: Given:  The cost of the new laptop is Php14,990 and the sales tax is 4.25% of the purchase price.…

Q: Racho Labs Inc. obtains a loan of 1,500,000 php, with 8% interest rate compounded quarterly, for the…

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Q: Find the full amount if Php67, 300 deposited in the bank for 12 years at 3.15% rate

A: first calculate the interest using the formula S.I =PRT where S.I is the simple interest T is the…

Q: What is the present value if after 6 years the money earns Php85, 200 at 8.25% rate?

A: Note that since we are only given the rate 8.25% and nothing more is specified, the rate is assumed…

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

A:

Q: MIKE DEPOSITED ON MARCH 12, 2020 AT 10.5% SIMPLE INTEREST. ON SEPTEMBER 8, THE FUND ACCUMULATED TO…

A: Given- Mike deposited on March 12, 2020 at 10.5% simple interest. On September 8, the fund…

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: A car loan with a face value of Php1,300,000.00 has to be purchasedwith a downpayment so that a…

A: Given that Face value of car is Php 1300000.00 Monthly payment is Php 1500.00 Time t=5 years=60…

Q: How much should Allyson put into 6% saving account in order to have Php. 100,000.00 in 5 years?

A:

Q: Find the interest earned on an investment of Php 10,000 into a money market account that pays a…

A:

Q: Find the simple interest of the following:  a. Php 1000 at 3% annual simple interest rate for 2…

A: a. Given : P= 1000             rate =3% annual            time = 2 years b. Given : P= 5000…

Q: Calculate the compounded amount if Miya deposited Php 30,000 in a bank which pays 8% compounded…

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Q: Find the simple interest rate of the principal of Php. 15,000 with simple interest of Php. 30,000…

A: Given: Simple interest I=30000 Time (years) t=5 Principal Value P=15000 We have to find Simple…

Q: What is the simple interest due on a 120-day loan of Php7000 if the annual interest rate is 5.25%?

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Q: Ric borrowed Php 100,000.00 from a bank. Ric's interest is Php 1,000.00 for 90 days. What rate…

A:

Q: Nina paid Php29,121.79 to settle a loan made 3 years before at 6½ % interest compounded quarterly.…

A: The formula for the compound interest is A=P(1+rn)nt. Here, the A is the amount, P is principal, r…

Q: At what interest rate will the Php 13,250 amounted to Php 17, 500 from March 5, 2000 , to April 5,…

A: Given Principle (P) = Php13250 Amount (A) = Php17500 Here time from March 5, 2000 to April 5, 2020…

Q: Find the cash price of an Android-based phone plan if a customer pays PhP 999 monthly for 2 years at…

A:

Q: You deposit Php 5,000 into an account paying 8.5% annual interest compounded monthly. a. how much…

A: We can solve the given problem using concept of compound interest.

Q: What is the current vield of a bond with face value of Php50,250 and pays yearly interest of 8.5% if…

A:

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

A:

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: Find the amount due if $400 is borrowed for 14 months at 17% simple interest. Amount = $

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Q: Chunong ngo borrows 2400 from a bank that advertises a 7% simple interest rate and repays the loan…

A: Let the given values as Principle, P=2400 Number of repayments = 4 Simple interest rate, r=7% Use…

Q: elena wants to invest in a trust fund. she borrows from a credit cooperative that charges 8% simple…

A: Formula of Simple Interest: A=P1+rt where A= Final amount P= Initial Principal Balance r= Annual…

Q: two

A: This contains two question, only first question is answered. Please refer to the image below

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

A:

Q: What equivalent interest rate that corresponds a discount rate of 9.98% for 700 days?

A: Given: Let us determine the equivalent interest rate for a 9.98% discount rate over 700 days

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: What principal will yield an interest of Php 262.50 for 6 months at 14% interest?

A: The given problem is to find the principal amount at which interest is Php 262.50 for six months at…

Q: Joanna Mae inherited Php 25,000 on the day she became 19 years old. Under the specifications of the…

A: Joanna Mae got Php 25000 when she turned 19. We need to determine the money she will have on 21st…

Q: Determine the interest rate being used if Php105, 200 earns Php60,000 after 5 years

A: considering the Simple interest , The principal is Php 105,200 The Interest  earned is Php 60,000…

Q: If a principal of P2,500 earns interest of P185 in 3 months, what interest rate is in effect? 2. How…

A:

Q: Now, a vendor borrowed money to be paid in 10 equal payments for 6 quarters. If the interest rate is…

A:

Q: Jill plans to put her money worth PhP 463,349 in a time deposit paying 2.27% compounded monthly for…

A:

Q: Joseph borrowed Php 5,000 on November 2, 2015 from Arthemus, which is to be repaid on May 21, 2016…

A: Here we will find out the required value.

Q: A man borrows Php 100,000 from the Social Security System for a term of one year. The interest…

A: Bank Discount  =100000×15100=15000