What are the amounts of interest and maturity value of a loan for Php 150,000at 5% simple interest for 3 years? At what simple interest rate per annum will Php 25,000accumulate to Php 33,000 in 5 years? How long will Php 40,000 amount to Php 51,200if the simple interest rate is at 12% per annum? In order to have Php 200,000in 3 years, how much should you invest if the simple interest is 5%

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
ChapterA3: Time Value Of Money
Section: Chapter Questions
Problem 19E: Present Values Krista Kellman has an opportunity to purchase a government security that will pay...
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Problem Set 3 - Part 2

Directions:  Solve the following problems on simple interest.

  1. What are the amounts of interest and maturity value of a loan for Php 150,000at 5% simple interest for 3 years?
  2. At what simple interest rate per annum will Php 25,000accumulate to Php 33,000 in years?
  3. How long will Php 40,000 amount to Php 51,200if the simple interest rate is at 12% per annum?
  4. In order to have Php 200,000in 3 years, how much should you invest if the simple interest is 5%?
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