The annual rate required for a principal of 12000 OMR to earn 1020 OMR annual interest is Select ones O A. 4.5% B. 0.04375% O C. 8.5% O D. 4.375% O E. 22.857% F. 0.085%
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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. $132,600Gela Corporation borrows P250,000.00 at 15% percent annual interest. Principal and interest is due in 1 year. What is the effective interest rate? choose the letter of answer a. Noneb. 15%c. 19%d. 20%e. 21%Q11. Find the principal that will amount to $8,000 in 4 years at 6% p.a. compounded monthly. Q12. Find the principal that will amount to $6,000 in 3 years at 8% p.a. compounded quarterly.
- II.DIRECTION: Compute for the amount of interest for the following; 1. Principal or amount barrowed : Php 10, 000Interest rate : 10% per yearTime : 3 months 2. Principal or amount barrowed : Php 30, 000Interest rate : 6% per yearTime : 60 daysThe principal P is invested at the interest rate of r/year for t years. (Use a 365-day year.) P = $110,000, r = 4%, t = 7 1 4 , compounded monthly.Determine i, the compound interest rate.The principal represents an amount of money deposited in a savings account subject to compound interest at the given rate. Find how much money will be in the account after the given number of years (Assume 360 days in a year.), and how much interest was earned. A = PntP = A = PertY = n - 1Principal: $6500Rate: 7%Compounded: quarterlyTime: 4 years
- 2. A time deposit of P 110, 000.00 for 31 days earns P 890.39 on maturity date after deducting the20% withholding tax on interest income. Find the rate of interest per annum. Given: Required: Solution:Principal: $15,800Interest rate: 6%Compounded quarterlyCalculate the effective rate (APY) of interest for 1 yearWhat is the amount generated by a capital of $10,000 applied to compound interest for the following terms and rates: Compound interest rate Deadline a)3.0% per quarter 30 months
- determines the amount to be deposited daily to pay the principal of $55408.83 at an annual compound interest rate of 1.46% for 9 years. Give type answerBrothers Corporation borrows P70,000.00, annual interest rate of 19% is deducted in advance. What is the amount of proceeds the company will receive at the time of the loan and what is the effective interest rate choose the letter of the correct answera. P13,300.00 and 19%b. P26,700.00 and 19%c. P13,300 and 23.5%d. P23,300.00 and 19%e. P56,700.00 and 23.5%If a principal of P3840 earns interest of P204 in 3 years and 5 months, what is the simple interest rate in effect? In 2 decimal places in percent
