What is the annual rate of interest if ₱265 is earned in four months on an investment of ₱15,000? Ans: 5.3%
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A: Interest amount = P 265 Period = 4 Months = 4/12 = 1/3 Years Investment = P 15000
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What is the annual rate of interest if ₱265 is earned in four months on an investment of ₱15,000? Ans: 5.3%
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- What was the annual rate of interest if P265 is earned in four months on an investment of P20,000?What is the interest earned on the principle of RM18,000 at the rate of 12% for 1 year and 4 months compounded monthly?What is the compound amount and interest if Php 10,000 is invested at 3.6% compounded monthly for 2 years?
- RM20,000 credit card load held at a monthly compound interest rate of 20% would accrue a total compound interest of how much over the course of a year, and for each month? show workingAt what nominal rate, compounded monthly, would 12,000.00 have to be invested to amount to 21,811.13 in 6 yearsHow much interest was earned by an investment that earns at a rate of 9% compounded semiannually for 7 years if the initial investment is at Php 18,000.00?
- suppose that $6,300 is invested at 3.1% annual intrest rate, componded monthly. how much money will be in the account in 9 months?How 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 nominal rate of interest if Php4,000 accumulates to Php10,000 in 8 years with interest compounded quarterly?
- P50,000 was deposited on savings at a rate of 10% per annum for 3 years. What is the compound interest at the end of 3 years?Consider a principal amount of PhP 1,000 to be invested at a nominal rate of 12% compounded semi annually. What would be equivalent annuities payment per year for three years?What is the effective rate of interest if Php4,000 accumulates to Php10,000 in 8 years with interest compounded quarterly?