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

Q: An account with an initial balance of 1500 earns 7% interest for 1.5 years. What is the ending…

A: Given:   Initial Amount P = 1500   Interest rate r = 7%   Time = 1.5 years   Find ending balance A…

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: You have $5,000 on a credit card that charges a 23% interest rate. If you want to pay off the credit…

A: It is simple interest formula.

Q: What amount of money will be required to pay back a loan of Php 78,400.00 at 12% compounded…

A: The amount is given by the formula A=P1+rnnt where n is the number of times interest is compounded,…

Q: Find the maturity value and interest if Jacob invested his money Php 150,000 at 6% compounded…

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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: 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: What corresponding discount rate equivalent to 10.45% interest rate for 15 months?

A: We can find the answer as below.

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: Find the difference between the simple interest and the compound interest on Php 50,000 for 5 years…

A: Consider the given Php as 50,000

Q: What sum of money is required to pay a loan of P20,000 on May 20, 2018, if the loan was made on…

A:

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: nds are due December 3: nnual interest rate, pay

A: It is given that brodie corporation acquired bonds with a par value of $600,000 for $628,800 on…

Q: What is the annual interest rate on an account that earns $948 in simpleinterest over 36 months with…

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Q: Find the interest and final amount respectively on Php 8,200 for 2 years and 3 months at 6%,…

A: *** This is the problem related to financial mathematics and we are Advanced math expert and have…

Q: A consumer loan of Php 80,000 is obtained that is due 3 months from now. If interest rate is 8%…

A: The given problem is to find the amount to be paid under the compound interest quarterly for time…

Q: A man borrowed Php 120,000 and promised to pay The payment starts at "X pesos and the succeedin…

A: Introduction: The formula for compound interest is given by, A=P(1+rn)nt Where A is compounded…

Q: Find the future value of Php 2,000 after one year at 3% interest rate compound a. quarterly b.…

A: We can find the answers as below.

Q: Central Auto Parts borrowed $250,000 at 9% interest on July 8 for 120 days. (a) If the bank uses the…

A: Given Information P=$250,000 R=9% T=120 days=0.33 year we have formula : Interest = PRT100 Ordinary…

Q: Calculate the simple interest earned in 1 year on a deposit of $1900 if the interest rate is 8%.

A: *** This is the problem related to financial mathematics and we are Advanced math expert and have…

Q: You have $3,500 on a credit card that charges a 19% interest rate. If you want to pay off the credit…

A: We have to calculate monthly amount.

Q: The all-new Vespa Sprint 150 is sold at a cash price of 205,000 php. Johnny acquired his unit at a…

A: Given that, The all-new Vespa Sprint 150 is sold at a cash price of 205,000 php. Johnny acquired his…

Q: Find the amount due if $600 is borrowed for 9 months at 8% simple interest. Amount = $ %3D

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Q: You would like to save Php 10,000 for for your debut birthday party. How much should you deposit in…

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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: if a nine month term deposit at a bank earns a simple interest rate of 9% per annum how much should…

A: Find the values of r and t. To convert the term (t) in year, divide 9 months by 12.…

Q: charles lends Php 45,000.00 for 3 years at 5% compound semi-annually. Find the future value and…

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Q: Mr. John earned Php 8,200 interest in a retirement account paying interest at a rate of0.8% over a…

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Q: What is the maturity value (in Php) for a loan of Php 616.921 at 6.3% interest for 6 months? (Hint:…

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Q: At what simple interest rate (in 4 decimals) will you have an interest of PhP 756 and a maturity…

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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…

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Q: A bank is offering 2.5% simple interest on a savings account. If you deposit $5000, how much…

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

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

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Q: Find the ordinary and exact interest on P10,490 at 10% interest rate for 108 days.

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Q: Calculate the total amount due after seven years on a loan of $3300 with 8% simple interest.

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Q: Central Auto Parts borrowed $250,000 at 9% interest on July 8 for 120 days. (a) If the bank uses the…

A: Interest = PRT/100 Ordinary interest has 360 days per year.

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

A:

Q: Find the accumulated amount at the end of 9 months on a $2400 bank deposit paying simple interest at…

A: Formula used for simple interest:

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

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

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

A:

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