e exact simple intere

Q: Assuming that you graduated on December 31st 2020 from the University of Buraimi and immediately on…

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Q: . Determine simple interest owed on $500 for 3 months (1/4 year) at 8% interest.

A: Here is the solution:

Q: A student borrows $1500 for 1 year at 4% simple interest. What is the interest after 1 year?

A: Given that a student borrows $1500 for 1 year at 4% simple interest. We need to find the interest…

Q: To finance a property, a loan at 1.2% annual interest is taken out on 01.01.2021 in the amount of…

A: Let's find final interest amount.

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

A: We can find the answer as below.

Q: Find the interest amount of PKR 10 invested at rate of 12% for 12 years under simple interest…

A: First we will recall the simple interest formula and then use this formula to find the interest

Q: 5) Find the ordinary and exact interest and the amount due on P86,000 at 20% from August 11 to…

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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 amount should be paid on January 13, 2016 for a loan of P16,000 made on July 7, 2015 at 8%…

A: We have to find exact interest using approximate time. First let us find approximate time from July…

Q: 4. The exact simple interest on P 450 for the period from January 10, 2004 to a "specific date" is P…

A: Given, Principal ,P= P 450 Rate ,R= 18% Simple interest ,S.I.= P 70.22 To find: a) Specific date…

Q: An employee invests $400 per month in an ordinary annuity. If the interest rate is 5.2%, find the…

A: Given P= 400, t= 25 and r =0.052, n = 12

Q: Determine the exact simple interest on ₱5,000 for the period from Jan. 15 to Nov. 28, 1992, if the…

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Q: Find ordinary and exact interest on P10 800 for five days at 8% simple interest

A: We need to find Ordinary and exact interest rate. We have given that , P = 10800 r = 8 % = 8100 =…

Q: 700 TL is borrowed on 01.01.2005 and it is expected to be repaid on 01.01.2006 as 749 TL in total.…

A: Given, Principle amount P = 700 Time period = 01.01.2006  - 01.01.2005 = 1 Year Final Amount A = 749…

Q: If ​$1,300 grows to ​$2,119 in 8 ​years, determine the interest rate over that period

A: Consider the given: Future value = $2,119Present value = $1,300time period = 8 years Find the…

Q: If the difference between ordinary and exact Interest is $ 3, find the ordinary interest?

A: Assume x= number of days in a loan period. So, ordinary and exact interest will be,

Q: Determine the required fifteen equal annual deposits that can provide 8  withdrawals, The first…

A: consider the equation

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: e of Php 100,000

A: Given as, Corporate bond= 8%, Face value= 100,000, Maturity= 5 years and 7%.

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 future amount of ordinary annuity if you save Php 200 every quarter for 5 years earning 9%…

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Q: A man wishes to his son to receive Php 200, 000 ten years from now. What amount should he invest if…

A: Given:  Interest during the first five years=10% compound annually, and Interest during the next 5…

Q: Mr. Canlapan deposited his money from selling his old vehicle. The fund would allow him to withdraw…

A: We will find out the required value.

Q: Determine the exact simple interest on 500 for the period from january 10 to october 28, 2009 at 16…

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Q: compute the periodic rate of interest in the first period for $2900 loan with %7.5 APR for a quarter

A: Given that: APR=7.5% Number of quarters in 1 year =4

Q: $27000

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Q: A loan of 750000 needs to be paid in annual installments by the end of every year. The interest rate…

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Q: Compute bank discount using: $12,000; 13%; 120 days ordinary interest  proceeds  effective…

A: Given query is to find the ordinary interest  proceeds  effective interest rate.

Q: Find the ordinary interest and exact interest both approximate respectively on Php 6,025 at 6 1/4%…

A: To find the ordinary interest and exact interest both approximate from November 20, 1989 to April 6,…

Q: For 10 years with total payments of $ 10000 per year, calculate the total amount accumulated after…

A: Consider the given information. Total payment per year. P=$10,000 Time period is defined as, n= 10…

Q: find simple interest on $1250 for 10 months at 12%

A: To find simple interest on $1250 for 10 months at 12%

Q: The employees at an NGO are awarded increments on their salary according to the following policy: no…

A: Given: Increment after 2 years is 5%. Increment after 4 years is 13%. Current salary of the…

Q: A new roof on a house will cost $10,000. It will be installed in 20 years. If the interest rate is…

A: Given data: The cost of a new roof will be $10,000. The new roof will be installed in 20 years. The…

Q: 2. On January 1, 2022, Marites deposited P15,000 in a bank that offered 2.5% annual interest…

A: time from 1 jan 2022 to 1 april 2022 = 3months= 0.25 years so we calculate inerest of 3 months…

Q: Mai Lee has contributed $275 at the end of each month into her company's employee retirement account…

A: Given: Mai Lee has contributed $275 at the end of each month into her company's employee retirement…

Q: Determine the simple interest rate at which $1200 will grow to $1276 in 8 months. (Round your answer…

A: Given: -

Q: Engr. Singson wants to get married on June 8, 2023. According to his estimates, he will need…

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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: 2. In what time wilI Php. 875.00 double itself at the rate of 7% simple interest?

A: We will find out the required value.

Q: Compute the simple interest for $900 at 4% for 2 years. $ Compute the total amount. $

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Q: What amount should be paid on January 13, 2016 for a loan of P16,000 made on July 7, 2015 at 8%…

A: Loan is taken on 7th July, 2015 and and needed to be paid on 13th January. So, total number of days…

Q: A cellular phone may be purchased at 1,500 php payable monthly for 18 months. The first payment is…

A: Calculate the rate of interest at which the installment is paid. r=12100×18=0.0067%

Q: A certain sum of money in simple interest scheme amount to 8,880 in years and 7,920 in 4 years…

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Q: Find the interest on PHP 65,250 at 9.5% interest from Mar. 12, 2020 to Sept. 15, 2020, using the…

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Q: Determine the simple interest earned on $⁢22,500 after 15 years if the APR is 14%

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Q: o save for retirement, a student invests $70 each month in an ordinary annuity with 9% interest…

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Q: Suppose that $600 are deposited at the beginning of each quarter for 10 years into an account that…

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Q: Determine the interest rate for php 500,000 investment compounded semi-annually if the value of the…

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Q: Kamal took a loan for RM720 on 30 November 2020 and this would amount to RM750 on 20 February…

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