At what simple interest rate per annum will Php25,000 accumulate to Php33,000 in 5 years? Round off your answer into 2 decimal places %

Q: A sum of $50,000 is invested in a savings account which pays interest at a rate of 9% per year…

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Q: Lincoln invested $930 in an account paying an interest rate of 5.6% compounded daily. Assuming no…

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Q: At what simple interest rate is P16 500 invested if it earns an interest of P1 620 just after 1.5…

A: Given:  Principal amount p=16500  Amd amount of interest earns I= 1620  Time t=1.5 year   Then to…

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: Suppose you as a businessman leave an initial amount of 600$ in savings account at an annual rate of…

A: Simply use the formula of the Compound interest.

Q: at  simple what interest rate per annum will P20,000 accumulate to P25,000 in 3 years?

A: Given Amount(A) = 25000 Principle(P) = 20000 Time(T) = 3years

Q: What monthly interest rate equals a quarterly interest rate of 15%? Give your answer as a decimal…

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Q: I have $1,000 in an account which pays 5.45% annually compounded interest. Assuming this interest…

A: Given, Principal amount, P= $1,000 Interest rate, r = 5.45% = 0.0545 Future Amount, A= $2,000…

Q: Suppose that you invested in a mutual fund that guaranteed 6.5% annual interest, compounded monthly.…

A: given p=principle=$3500r=rate per annum=6.5%n=4 =time we have find A…

Q: If $3,700 was invested 4 months ago at a simple interest rate of 1.9%, what would be the value of…

A: A $3,700 was invested 4 months ago at a simple interest rate of 1.9%.

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: A bank deposit paying simple interest grew from an initial amount of $1200 to $1290 in 3 months.…

A: According to question given that initial amount grew $1200To  $1290 in 3 months.

Q: You would like to have $17,000 in your savings account in 18 years. If your savings account pays…

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Q: A credit card has a compound interest rate of 22.5% per year on overdue balances. How much interest…

A: According to question given thatCredit card interest rate= 22.5% per yearBalance= $485.00

Q: You want to have $200,000 when you retire in 25 years. If you can earn 9% interest compounded…

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Q: How long it will take if Php 15,000 amounted to 30,000 as simple interest is calculated at 9.5% per…

A: To find how long it will take if Php 15,000 amounted to 30,000 as simple interest is calculated at…

Q: What is the simple interest rate on a $1350 investment paying $319.82 interest in 10.3 years?  %…

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Q: Sophie invested $420 in an account paying an interest rate of 1.6% compounded monthly. Assuming no…

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Q: What is the nominal rate of interest if 4,000 accumulates to 10,000 in 8 years with interest…

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Q: At what simple interest rate will an amount of money double itself in 10 years?

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Q: What amount must be deposited by a 20-year old student in a bank that pays 5% compounded annually so…

A: As A = P(1+r)t where A = final amount  P = Principal Amount  r = interest rate t = time

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: Adrian invested $7,200 in an account paying an interest rate of 3.1% compounded monthly. Assuming no…

A: P=$7,200,  r=3.1%=0.031,  A=$12,110,  n=12

Q: How much money should be invested in an account that earns 3.25% interest, compounded monthly, in…

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Q: Hsu-Mei wants to save $3,000 for a down payment on a car. To the nearest dollar, how much will she…

A: To real the goal in 3 years is 3000 Question says its compounded daily  so we use compound interest…

Q: What is the total amount of money that you will have at the end of 4 years if you invest $300 for 4…

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Q: How much interest will be charged on ₱ 7,300 borrowed for (3) years at a simple interest rate of 12%…

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Q: At what rate of simple interest an amount will double itself on 10 years?

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Q: What is the total amount of money that you will have at the end of 4 years if you invest $7800 for 4…

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Q: Damian invested $880 in an account paying an interest rate of 5.2% compounded annually. Assuming no…

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Q: What present value amounts to $7,000 if it is invested for 18 months at 4% simple interest?

A: Amount = $7000 Time = 18 months = 1.5 year Rate = 4% = 0.04 Interest = Amount × Time × Rate

Q: Find the present value of 370,000 php due in 2 years if the money is invested at 7% compounded…

A: Formula for compound interest : given A = 370000 r = 7% = 0.07 n = 12 ( as it compounded monthly )…

Q: What amount of money will accumulate to $83,000 in 1 year and 3 months at the interest rate of 2.12%…

A: Given Principal (P) =83000 Rate of interest (R) =2.12% Time (T) =1 year 3 months

Q: How much money should you deposit in a bank so that it will accumulate to ₱100,000 at 1% simple…

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Q: . If a $28,700 salary is increased 5 percent each year to keep ahead of inflation, what will this…

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Q: For an interest rate of 1% per 2 months, determine the number of times interest would be compounded…

A: Compounding period: The period between the points at which the interest is added to the account.

Q: A $50,000 GIC will earn $70,000 of interest over its 10-year term. What is the monthly compounded…

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Q: How much interest will you have to pay for a credit card balance of $660 that is 1 month overdue, if…

A: I have stated the used formula in the solution

Q: If the inflation rate is 4.85% compounded annually, how long will it take for prices to double?

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Q: At what interest rate will ₱120,000 earn ₱37,800 interest after 3 ½ years?

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Q: How much should be placed in a fund every 3 months in order to have Php350,000 in 4 years if the…

A: The formula for future value of an annuity is defined as, F.V. of Annuity=P1+in-1i where, P=Periodic…

Q: The simple interest on a $7,600 loan at 7% per year amounted to $4,788. When did the loan mature?

A: To Determine: The simple interset on a $7600 loan at 7% per year amounted to $4788. When did the…

Q: Approximately how long will it take Php 1,000 to accumulate to atleast Php 1,200 at 13 1/2% simple…

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Q: A bank offers 8% interest rate compounded quarterly. How long will it take for an amount of money…

A: Interests rate offered by the bank is 8%, and compounded quarterly. We need to find the time…

Q: What daily interest rate equals a quarterly interest rate of 17%? Give your answer as a decimal…

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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: What nominal rate, compounded semi-annually, yields the same amount as 16% compounded quarterly?

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Q: What monthly interest rate equals a quarterly interest rate of 2%? Give your answer as a decimal…

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Q: Hannah expects to receive Php 200,000 five years from now. How much is the money worth now if the…

A: Given Future amount = A = Php 200,000 Time = t = 5 years Interest rate = r = 10% compounded monthly

Q: In what time will Php 15,000 amount to 30,000 if simple interest is calculated at 9.5% per annum?

A: Given Principle (P) = Php15000 Amount (A) = Php30000 Rate (R) = 9.5%