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Urgent, please answer the question below.
This is how you answer the problem,
(a) Identify the given
(b)Identify the unknown or what is being asked in the problem
(c)Solution, include the formula used to solve the problem
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- Marathon Peanuts converts a $130,000 account payable into a short-term note payable, with an annual interest rate of 6%, and payable in four months. How much interest will Marathon Peanuts owe at the end of four months? A. $2,600 B. $7,800 C. $137,800 D. $132,600What is the interest rate if the principal amount is P2,000.00 and the interest is P500.00 for 6 months?Compute the simple interest of a loan amounting to P50,000.00 payable in 8 months if the interest rate is 3.5%
- 7.If $1000 is deposited at 12.5% p.a. for one year, what is the effective annual interest rate if interest is compounded quarterly? Select one: a. 13.10% b. 12.50% c. 13.03% d. 13.05%When compounded quarterly P12,000 becomes P 20,415.23 after 4 yrs. What is the nominal rate of interest?$1000 is invested in an account for six months. The interest rate is 10 % per annum. Calculate the value of the account after six month using simple interest method. a. b. c. d. $105. $50 $1500 $1050 $115
- what amount of interest will be charged if 7000 is borrowed for 9 months at a simple rate of interests of 9.5% per annumSimple interest of P1,235 is owed on a loan of P9,500 after four years and four months. What is the annual interest rate?Assume you take out a $2000 loan for 30 months at 9% APR. What is the monthly payment? (Round your answer to 2 decimal places.) N: months I %: P.V: $ PMT: $ F.V: 0 P/Y: 12 C/Y: 12
- If $6,840.00 is loaned for 4 months at an annual simple interest rate of 3.5%, how much interest is earned?1. What is the simple interest due on a 20 days loan of P95,000.00 if the annual rate is 8%.1.If you bought a 4-week T-bill for Tk.887 and receive Tk.1,200 4 weeks later, what is the effective annual compounded interest rate earned?
