FInd the oddinary interest on 500,000 at 5.5% invested fro, April 1 to December 24, 2017 using actual time and approximate time. 2.) Find the simple interest on 20,000 borrowed on May 1 and will be paid after 6 months at 6.25% interest using exact time. 3.) What Amount should be paid on July 5, 2017 on a loan
1.) FInd the oddinary interest on 500,000 at 5.5% invested fro, April 1 to December 24, 2017 using actual time and approximate time.
2.) Find the simple interest on 20,000 borrowed on May 1 and will be paid after 6 months at 6.25% interest using exact time.
3.) What Amount should be paid on July 5, 2017 on a loan of 100,000 made on January 25, 2018 with 4.7% simple interest?
4.) An eligible Pag-IBIG member may borrow up to a maximum of 80% of his total accumulated value (TAV) subject to the terms and conditions of the program. After a strong typhoon, Mang Liloy applied for a calamity loan of 30,000. The current interest rate for the calamity loan is 5.95% per annum. How much interest does Mang Liloy have to pay at the end of 1 year?
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