Find the difference between the simple interest and the compound interest on Php 50,000 for 5 years at 6% per annum.

Q: Your local credit union is offering a certificate of deposit at 5% annual interest. What will be the…

A: Your local credit union is offering a certificate of deposit at 5% annual interest. We need to find…

Q: Green Acres Sprinklers, Inc, will receive $185,000 in 3 years as part of a lawsuit settlement. Find…

A: Given query is to find the present value of the money.

Q: What is the amount of interest of a loan 20,000 at 6% compound interest for 3 years?

A: We will find out the required value.

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: 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: Find the accumulated amount at the end of 7 months on a $2400 bank deposit paying simple interest at…

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Q: Find the ending balance: $45,000 for 18 months at 4% annual compound interest

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Q: Calculate the simple interest due on a 66-day loan of $1500 if the interest rate is 3%. (Round your…

A: Calculate the simple interest due on a 66-day loan of $1500 if the interest rate is 3%. (Round your…

Q: ou plan to withdraw $650 at the end of every 3 months, for 5 years, from an account that earns 6.4%…

A: NOTE: Refresh your page if you can't see any equations. . here we have PMT=650 n=4 for quarterly…

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: a) Nizam borrowed some amount of money from Barjaya Bank to purchase a new car. He has to repay…

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

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Q: Calculate the simple interest due on a 66-day loan of $3700 if the interest rate is 4%. (Round your…

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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: Given a principal of Php. 100,000 payable for 2 years at 3% compounded quarterly. What is the…

A: Consider the given principal of Php is 100,000.

Q: what is the simple interest on $15,000 for 3 years at a rate of 4% per year

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Q: Find the accumulated amount at the end of 8 months on a $1200 bank deposit paying simple interest at…

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Q: 1. What are the compound amount and interest if Php 6,000 is invested at 2% compounded monthly for 2…

A: Given that, Php 6,000 is invested at 2% compounded monthly for 2 years.

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: What is the simple interest on ₱12,500 at 8% for 9 months?

A: Formula for simple interest is as follows : I = P×R×T Where , P  is principal amount. R is Interest…

Q: Find the present value of $20,600 in 4 months at 9% simple interest

A: Given A=$20,600 time t=4 months =13 years r=9%=0.09 we have to find the present value P we know that…

Q: Cardo Dalisay borrowed Php 160,000 at 7½% per annum simple interest. On the same day, he lent it to…

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Q: What is the simple interest on P125, 000 at 8 3/4 % for 36 months?

A: Solution

Q: Robert borrowed Php 57,000 from a lending institution that charges 2.5% compounded every 4 months.…

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Q: What lump sump of money must be deposited in a bank account at present time so that Php 500 monthly…

A: The complete solutions are given below

Q: Find the present value of amount. $10,000 if interest is 8% compounded semiannually for 6 year

A: Consider the given information as P=$10000, r=8% For semi annually n=12

Q: Find the compound interest earned if PhP 51,679 is deposited in a bank at 3.1% compounded monthly…

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

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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 lump sum deposited today that will yield the same amount as monthly paymenst of  $100 with…

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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: What is the simple interest due on a 120-day loan of Php7000 if the annual interest rate is 5.25%?

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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: 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: Find the accumulated amount at the end of 8 months on a $2100 bank deposit paying simple interest at…

A: The solution for the above question is shown below.

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

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

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: Calculate the amount of simple interest earned. $1,000 at 15% for 20 years

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

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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: Calculate the simple interest due on  a 52 day loan of $1500 if the interest rate is 9% round to the…

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Q: Calculate the amount of simple interest  earned.  $1,000 at 17% for 40 years  $ =

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Q: Calculate the simple interest on R2 500 at 3.75% per month for 6 years.

A: Apply formula for simple interest

Q: If your monthly payments are $124, how much will you have in your retirement fund after 40 years? $…

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

A: considering the Simple interest , The principal is Php 105,200 The Interest  earned is Php 60,000…

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

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Q: A customer has to pay an amount (principal + interest) of PhP 33,384 as a payment of a personal loan…

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Q: A mortgage of $175,000 is offered to you at 5.25% interest rate for 25 years a) find the monthly…

A: Given amount offered(P) = $175, 000 Interest rate(r) = 5.25% = 0.0525 per annum Interest rate for…

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

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