A man borrowed RM1200 for 5 months and was charged 9% simple interest. How much interest did he pay? How much did he repay at the end of the 5 month?
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. A man borrowed RM1200 for 5 months and was charged 9% simple interest.
How much interest did he pay? How much did he repay at the end of the 5
month?
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- Marlon borrowed 15,000 Php from a lending company that charges a simple interest rate of 11%. Identify the simple interest after 1 year and What is the total amount that must be paid after 1 year?A man borrowed Php200000 from his friend and agreed to pay years at an interest rate of 10% per annum. How much should the man deposit monthly in a bank in order to discharge his debt, if the bank offers 6% annual interest rate?A man borrowed P400,000 from a lending institution which will be paid after 10 years at an interest rate of 6% compounded annually. If money is worth 3% compounded monthly, how much should he pay monthly in order to discharge his debt 10 years hence?
- 2. Mr. Dizon borrowed P35,000.00 from the cooperative bank. Find the simple interest if it is to be paid after 5 months with an interest rate of 1.50 %per month.A man borrows Php10,000 from a loan firm. The rate of simple interest is 15%, but the interest is to be deducted from the loan at the time the money is borrowed. At the end of one year he has to pay back Php10,000. What is the actual rate of interest?Today, a businessman borrowed money to be paid in 10 equal payments for 10 quarters. If interest rate is 10% compounded semi-annually and the quarterly payment is P20,000, how much did he borrow?
- If you borrowed $9,000 for 3 months at 6% annual simple interest, how much must you repay at the end of the 3 months?You must pay $Today, a businessman borrowed money to be paid in 10 equal quarterly payments. If the interest rate is 10% compounded quarterly and the quarterly payment is P2,000, how much did he borrow?A man borrowed an amount of P150,600 to bank that offers an interest rate of 5.36% compounded continuously and has a maturity date of 6 years. He plans to pay the loan at an amount of P15,800 at the end of 2 years, and P10,450 at the end of 3 years. 1. How much must he pay at the end of 6 years? 2. If instead of paying an amount at the end of 2nd and 3rd year, he decided to pay by a single lump sum all the amount including the future liabilities at the end of 5 years, how much is the lump sum?
- Today, a businessman borrowed money to be paid in 10 equal quarterly payments starting at the end 2 years. If the interest rate is 10% compounded quarterly and the quarterly payment is P2,000, how much did he borrow? A.P17, 504.13 B.P16,660 C.P14,366.45 D.P14,725.61Suppose you borrowed $15,000 at a rate of 10% and must repay it in 5 equal payments at the end of each of the next 5 years. How much would you still owe at the end of the second year, after you have made the second payment? A) 8,247.5 B) 10,855.8 C) 9,346.8 D) 9,840.4 E) 10,926.3If you borrowed P10,000 from a bank with 18% interest per annum, what is the total amount to be paid at the end of one year?
