How much money was originally invested?
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When invested at an annual interest rate of 7%, an amount earned Php11,200 of simple interest in 2 years. How much money was originally
invested?
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- What is the compound amount and interest if Php 10,000 is invested at 3.6% compounded monthly for 2 years?Suppose that Php2,000 is deposited at a compound interest rate of 6% annually. Find the total account value after 12 yearsHow much will be received in 6 years if Php35,000 is deposited in an account earning 5.5% interest per annum, compounded semi-annually?
- What is the effective rate of interest if Php4,000 accumulates to Php10,000 in 8 years with interest compounded quarterly?If Php 1,000 becomes Php 1,811.36 after 5 years when invested at an unknown rate of interest compounded bi-quarter, determine the effective rate of interest.Assume that 1500 Php is deposited in an account in which interest is compounded annually at a rate of 6% for 5 years. How many times is compunding done in a year. What is the initial or rincipal amount. then what is the rate of interest?
- If Php 5,000 becomes Php 9,734 after 12 years, when invested at an unknown rate of interest compounded monthly, determine the unknown nominal rate and corresponding effective rate.Solve for the compound interest earned if 10,000 pesos is invested for 1-1/2 years at 8% compounded monthly.If P10,000 is deposited in a bank for 10 yrs at an interest rate of 7% compounded quarterly, determine: a. the total amount at the end of 10th yr; b. yearly increase of the investment; and c. effective rate of interest
- What is the accumulated value of Php50,000 for 5 years and 3 months at 6.5% simple interest?You borrowed Php 20,000 that is to be paid in 2 years with an interest rate of 5% per annum compounded quarterly.a.What is your monthly amortization, and make a payment scheme for the amortization for two years. b.Breakdown the principal payment per period and it’s corresponding interest paid.A business loan worth Php 1,000,000 is to be repaid quarterly in 2 years . The interest rate is 10% converted quarterly. a.) How much is the outstanding balance after 1 year? b.) How much are the principal repayment and interest component of the 5th payment?