An Engineer promised to pay P 400,000 at the end of 120 days. He was offered a 12.5% discount if he pays in 45 days. Find the simple interest rate
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An Engineer promised to pay P 400,000 at the end of 120 days. He was offered a
12.5% discount if he pays in 45 days. Find the simple interest rate
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- Engr. Hanamichi promised to pay P36,000 at the end of 90 days. He was offered a 10% discount if he pays in 30days. Find the rate of interest?1.Engr. Hanamichi promised to pay P36,000 at the end of 90 days. He wasoffered a 10% discount if he pays in 30 days. Find the rate of interest.A construction firm wishes to give each 80 employees a holiday bonus. How much is needed to invest monthly for a year at 12% nominal interest rate, compounded monthly, so that each employee will receive a P5,000.00 bonus?
- An employee borrows P50,000 for seven months at an interest rate of 12% per year. Find the interest earned and the total amount he has to payA motorcycle costs ₱ 120,000.00. A young architect availed one but by installment payments. If the agreed interest is 1.5% per month. In how many months will the young engineer finish the contract is he pays ₱ 3,000.00 a month?A house is priced at $100,000. If a downpayment of $30,000 is made, an a payment of $1,000 every month thereafter is required, how many months will it take to pay for the building? Interest is charged at a rate of 12% compounded monthly a. 100 b. 132 c. 70 d. 121
- A building is priced at $100,000. If a downpayment of $30,000 is made, an a payment of $1,000 every month thereafter is required, how many months will it take to pay for the building? Interest is charged at a rate of 12% compounded monthly A. 100 B. 70 C. 142 D. 121You want to buy a new sports car from Muscle Motors for $44,000. The contract is in the form of an annuity due for 36 months at an APR of 8.00 percent.What will your monthly payment be?One building was priced at $ 125,000 . If you advance $ 25,000 and every month after thatIf $ 1,000 is paid, how many months will the payment for the building take? Monthly compound interesttake the rate as 9%.
- As an independent consultant, you just booked a client for $1,000 per month, with the first payment due 1 month from today. What is the present value of your booking if the payments are contracted to last for 60 months, and the discount rate is 6.6% APR compounded monthly?A ten-bagger concrete mixer can be purchased with a down payment of P18,000 and equal installments of P1200 each paid at the end of the month for the next 14 months. If money is worth 15% compounded monthly, determine the equivalent cash price of the mixer.You want to buy a new sports car from Muscle Motors for $84,000. The contract is in the form of a 60-month annuity due at an APR of 7.55 percent. What will your monthly payment be?
