Ana borrows Php 20,000.00 from her uncle and agrees to pay him Php 22,000.00 in 15 months. What interest rate was she paying?

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: 2. Milagros Estrada has a taxable compensation income of Php 208 000. She is a widow with two…

A:

Q: If Tina wants to earn 10% annual simple interest on an investment, how much should she invest to…

A: This question is based on simple interest formula.

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: Carlita rodriguez and her brother purchased a house for $156,600. neighbors credit union financed…

A: cost of house = $156600 downpayment = 20% therefore calculate the downpayment 20% of 156600…

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: A man barrowed Php. 2300 for 2 yearS. At the end of the year, he returned Php. 2,500 for principal.…

A: Given information Principal amount P=Php. 2300 Time period t=2 years Amount A=Php. 2500 We have to…

Q: Toni decides to pay off a 12% interest Php 25,000.00 loan ahead of time. The lending institution…

A: We have to find how many days is she being charged for interest.

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: Ms. Angeles borrowed Php 500,000 from Gabz bank. If the bank changed Php 27,245 interest for the use…

A: Consider the formula for simple interest I=PRT, where I is the interest, P is the principal, R is…

Q: Melissa Silva borrowed $4,200 from the bank. If she has already repaid of the loan, what is the…

A: As per the instruction, we will be answering only the first question. For (16), We are given that…

Q: The tuition at a certain college was ​$20, 181 last year and increased 5.3​% from last year to the…

A: Given: -

Q: Mr. Remo is considering to pay his outstanding balance after 6 years of payment. The original amount…

A:

Q: 5. If Wendy wants to invest her Php25,000, how many years will it take for her savings to accumulate…

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: Tabitha had to pay her friend $1,200, 4 months ago and he has to pay $670 in 4 months. If her friend…

A:

Q: SG Hardware buys buckets of paints at a wholesale price of PhP 380 each. If the selling price is PhP…

A:

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

A:

Q: Mboi sells his house through a real estate agent whose commission rate is 6%. What the selling price…

A: Given that Mboi sells his house through real estate agent , whose commission rate is 6%. After…

Q: Craig and Tammy recently sold their home for $247,000. Their loan balance is $134,850. What is their…

A: Given Selling price = $247,000 Loan remaining ( that has to be paid off)  = $134,850

Q: My friend is charging 3.69% per month me on loan. a

A: Given interest is 3.69% per month For annual nominal rate we use formula n(1+r)1n-1 Where r is the…

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

A: Given Principal (P)= Php15000 Simple interest (SI)= Php30000 Time (T) = 5 years

Q: Margo borrows $1700, agreeing to pa annual interest after 14 months. Hov she pay?

A: Explanation and solutions is given below....

Q: Sofia obtained a house of 25-year mortgage for Php2,150,000. If his monthly payment is Php 15,500,…

A: Given that: Sofia obtained a house of 25-year mortgage for Php2,150,000. His monthly payment is Php…

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: if $3500 earned simple interest of $153.13 in 7 months, what was the simple interest rate

A:

Q: A buisness loan of Php 650,000.00 is to be settled by paying Php 29,994.20 in 2 If the interest rate…

A:

Q: Maria paid ₱9,300 on a loan made 6 months before at 14% simple interest. Find the interest…

A:

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: 5. Mrs. Menquito borrowed Php 250,000 at 5%. How much interest should she pay in one year.

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: 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: What is $1,580/month in a weekly salary?

A:

Q: A man deposit 90,000 in a saving bank for 5 months. If the interest amount to 1,875, find the rate…

A:

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: Melissa Silva borrowed $6300 from the bank. If she has already repaid 4/7 of the loan, what is the…

A:

Q: Find the present value of the following. Write your solutions. 1. Php 24,500 due in 8 months at 8%

A: The present value is required in financial statistics.

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: Php 18,760 accumulated to Php 19,463.50 in 150 days. What was the rate of interest charged?

A:

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: Maria invested php 175,000 in a savings account that pays 0.3% simple interest annually. Assuming…

A:

Q: Your bank statement indicates that you overdrawn your checking by 168 dollars. How much much you…

A: The bank statement indicates that you overdrew your checking by 168 dollars. This implies that the…

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

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.