Three years ago, the original amount in a fund was Php 1,200. The interest rate is 14%. Find (a) the simple interest and (b) the interest compounded annually.

Q: Five years ago, a trust fund amounting to Php 45,000 was invested at 13% compounded annually. Find…

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Q: Jan paid Php 9,250 on a loan made 6 months before at 12% simple interest. Find the interest…

A: Amount Paid after 6 months= 9250 rate of interest=12%=0.12 Recall: Amount after time t years…

Q: The buyer of a lot pays Php. 50,000 cash and Php. 14,500 every month for 10 years. If money is 8%…

A: We will find out the required value.

Q: Kunio puts $3,300.00 into savings bonds that pay a simple interest rate of 2.5%. How much money will…

A: Simple interest algebra

Q: Chuong Ngo borrows $3600 from a bank that advertises a 9% simple interest rate and repays the loan…

A: Approximate the annual percentage rate (APR) of a simple interest rate loan by: where n is the…

Q: What is the present value if after 6 years the money earns Php85, 200 at 8.25% rate?

A: Note that since we are only given the rate 8.25% and nothing more is specified, the rate is assumed…

Q: Find the difference between the simple interest and the compound interest on Php 50,000 for 5 years…

A: Consider the given Php as 50,000

Q: Engr. Velasco decided to subscribe in a globe promo which must be paid one thousand pesos per month…

A: Since in the given question, the payment will start three years from present, that  is the amount…

Q: Mark deposited P1,200 in an account that pays 3 ½% compounded monthly. He continues to deposit the…

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Q: Leslie Salazar borrowed P280,000 at a simple interest rate of 9% for one year. Compute for the…

A: Leslie Salazar borrowed P280,000 at a simple interest rate of 9% for one year.

Q: On June 1, Elena Moore deposited $610 in a savings account at Metro Savings and Loan Association. At…

A: I have appended the formula used in the solution part.

Q: At the end of 6 months, Mr. White pays Php 12,500.00 per month to the bank for 5 years for the car…

A: Given:  P(Principal amount per month)=$12500 R(Rate of…

Q: In 25 years, a bond with a 4.75% annual interest rate earned $2,375 as interest. What was the…

A: Given Annual Rate R=4.75%Time T=25 yearSimple interest SI=$ 2375find principal amount p=?simple…

Q: A consumer loan of Php 80,000 is obtained that is due 3 months from now. If interest rate is 8%…

A: The given problem is to find the amount to be paid under the compound interest quarterly for time…

Q: In order to save for his tuition fee, Ms. Snow decided to deposit Php 300.00 every month if the bank…

A: We will use compound interest formula on recurring deposits to find the answer

Q: Find the compound amount on a loan of php 85,000 at 6% for 5 years compounded quarterly.

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Q: How much should Allyson put into 6% saving account in order to have Php. 100,000.00 in 5 years?

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Q: PETER PAID 50,000 IN 2.5 YEARS. HE BORROW P40,000 what is the simple interest?

A: In total Peter paid = P50000  Time to pay back = 2.5 years Peter borrowed = P40000

Q: Chuong Ngo borrows $2400 from a bank that advertises a 6% simple interest rate and repays the loan…

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Q: rohani buys a washing machine by paying a RM 400 deposit and paying the balance RM 1772 after 5…

A: Given that rohani buys a washing machine by paying a RM 400 deposit and paying the balance RM 1772…

Q: Nancy deposited $950 into an account that pays 5.41% annual interest compounded annually. When she…

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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 present value: 1. Php 40,000 due in 2 years at 3% compounded monthly

A: Disclaimer: Since you have asked multiple questions, we will solve the first question for you. If…

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: How much interest is earned in 6 years on Php 8000 deposited in an account paying 9% interest,…

A: To find  How much interest is earned in 6 years on Php 8000 deposited in an account paying 9%…

Q: You deposit Php 4000 each year into an account earning 4% interest compounded annually. How much…

A: Let us consider the principal amount P at the rate of interest R% compounded annually for the period…

Q: $8000 are invested in a bank account at an interest rate of 6 percent per year.

A: Given: $8000 are invested in a bank account at an interest rate of 6 percent To Find: a. Find the…

Q: Nina paid Php29,121.79 to settle a loan made 3 years before at 6½ % interest compounded quarterly.…

A: The formula for the compound interest is A=P(1+rn)nt. Here, the A is the amount, P is principal, r…

Q: if $3500 earned simple interest of $153.13 in 7 months, what was the simple interest rate

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Q: If $1600 earned simple interest of $27.20 in 6 months, what was the simple interest rate? The simple…

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Q: Michelle invests in a savings account that pays 8% interest compounded monthly. What is the APY for…

A:

Q: You take out a Php 20, 000 loan at a 5% interest rate. If the interest is compounded annually, how…

A: Given P = 20000R = 5T = 10

Q: Bianca wants to have Php 60,000 in the future. If she decides to deposi 1000 at the end of every…

A: This is the problem of series and financial math.

Q: Mary bought a bike payable monthly for 9 months starting at the end of the month. How much is the…

A:

Q: A loan of 50,000 Php is to be paid in 3 years at the amount of 65,000 Php. What is the simple…

A: 15000 Php

Q: Za'Dajha deposited $2,500 into an investment account that earns 8% interest compounded annually.…

A:

Q: elena wants to invest in a trust fund. she borrows from a credit cooperative that charges 8% simple…

A: Formula of Simple Interest: A=P1+rt where A= Final amount P= Initial Principal Balance r= Annual…

Q: Chuong Ngo borrows 3600$ from a bank that advertises a 6% simple interest rate and repays the loan…

A: The formula to calculate the annual percentage rate (APR) for a loan is: APR = Fees+Interest Paid…

Q: Tommy deposited Php45,000 on September 6, 2012 in an account that pays 7% interest compounded…

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Q: What is the amount of an annuity that consists of 90 monthly payments of $400 into an account that…

A:

Q: Ryan deposited ₱ 25,000 in a saving bank on Jan. 13, 2013. At that time the bank was paying 4%…

A: Given: Deposited amount = ₱ 25,000 Rate of interest till July 12, 2015 = 4 % compounded quarterly…

Q: A bank lends $9000 at 7% simple interest. At the end of 1 year, how much interest is owed on the…

A: Given that, P = $9000 r = 7% n = 1 year By formula, Simple Interest = Pnr100

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: Hannah expects to receive Php 200,000 five years from now. How much is the money worth now if the…

A: Given Future amount = A = Php 200,000 Time = t = 5 years Interest rate = r = 10% compounded monthly

Q: ong deposited an amount of Php10 000 in a bank that pays 4% annual interest compounded monthly. How…

A: Given that: Money deposited, P0=10000 Php                     Rate of interest, r=4%…

Q: Now, a vendor borrowed money to be paid in 10 equal payments for 6 quarters. If the interest rate is…

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

A:

Q: A man borrows Php 100,000 from the Social Security System for a term of one year. The interest…

A: Bank Discount  =100000×15100=15000