What is the interest rate if the principal amount is P2,000.00 and the interest is P500.00 for 6 months?

Q: If an amount of $9000 is borrowed at an interest rate of 24% per year for 12 years, how much is the…

A: Simple interest is calculated by multiplying the principal by interest and given years.

Q: You borrowed money from the bank with a simple interest 8%, find the present worth of P25,000, which…

A: In Simple Interest Case, FV = PV + (PV x r x n) FV = PV x {1 + (r x n)} Therefore, PV = FV / {1 + (r…

Q: What is the realized balance from a eriodic payment of 100,000 dinars to paid at the end of every 6…

A: We need to use future value of ordinary annuity formula to solve this problem Future value…

Q: What is the present worth of P500 deposited at the end of every month for 6 years if the interest…

A: Present Value:  The present value is the value of cash flow stream or the fixed lump sum amount at…

Q: How much was borrowed is a simple interest rate of 2.10% was offered payable in 4 months with…

A: Simple interest = Principle * Interest * time

Q: What's the future value of $1,654 after 5 years if the appropriate interest rate is 6%, compounded…

A: Present value (PV) = $ 1654 Interest rate = 6% Semi annual interest rate (r) = 6%/2 = 3% Period = 5…

Q: Simple interest of P1,235 is owed on a loan of P9,500 after four years and four months. What is the…

A: Simple interest amount (I) = P1,235 Loan amount (P) = P9,500 Period (t) = 4 Years and 4 months =…

Q: What is the present worth of P500 deposited at the end of three months for 6 years interest rate is…

A: The Present value of a future deposit is the present worth of that amount. The future amount can be…

Q: Assume you take out a $2000 loan for 30 months at 9% APR. What is the monthly payment? (Round your…

A: Monthly payment is present value amortised for with equal instalment. r is interest rate APR and n…

Q: What is the simple interest and maturity value if P15,500 is borrowed at 12.5% simple interest for…

A: Here, Borrowed = P15,500 Interest rate = 12.5% simple interest Time period = 15 months To Find:…

Q: 1. If P500.00 is invested at the end of each year for 6 years at an annual interest rate of 7%, what…

A: The questions here pertain to annuity. An annuity is a stream of constant cash flow that occurs at…

Q: How much interest will be charged on P7,300 borrowed for three (3) years at a simple interest rate…

A: The simple interest method is a method where interest is calculated only on the principal amount…

Q: How much is the amount of interest on a loan of $12330.7 that is borrowed today and is to be repaid…

A: Future value refers to the value of a current asset on some future date affected by the interest…

Q: A consumer loan of P80,000 is obtained that is due 3 months from now. If interest rate is 8%…

A: The borrower is required to pay the lender the initial sum borrowed and the interest on the loan.…

Q: What will $800 be worth in 3 months if the nominal rate of interest is 25% and: i. interest is…

A: Hi There, Thanks for posting the questions. As per our Q&A guidelines, must be answered only one…

Q: P12,000 is borrowed now at 12% interest. The first payment is P4000 and is made 3 years from now.…

A: The interest is the cost of debt levied in order to hold the time value of money and inflation…

Q: 1. How much was borrowed if a simple interest rate of 7% was offered payable in 12 months with…

A: 1) Simple interest rate (r) = 7% n = 12 months = 1 year Interest = P 150 Let the amount borrowed = X

Q: at what interest rate will a principal of P9,500 accumulate to P15,000 in 2 years compounded…

A: Future value = Present value*(1+interest rate/k)^(n*k) where n = number of years = 2 k = compounding…

Q: A loan of P5,000 is made for a period of 15 months, at a simple interest rate of , what future…

A: We need to use simple  interest formula to calculate future amount due after loan period…

Q: How much is the exact interest earned if P4,500 is lent at 12% interest for 125 days?

A: Investment = P4,500 Interest rate = 0.12 or 12% Number of days = 125 days Interest earned = ?   In…

Q: Find the nominal rate which when compounded semiannually and applied to a P50,000 principal will…

A: Let us note the given.Principal P = 50,000Interest I = 5000Amount A = P+I = 50,000 + 5000 =…

Q: A debt of RM600 due in three years and RM800 due in four years is to be repaid by a single payment…

A: The figure is shown below for considering the time period:

Q: If you borrow $800 for 6 months at 4% annual simple interest, how much must you repay at the end of…

A: Borrow amount (principal)= 800 Interest =4% Period =6 months

Q: Compute the simple interest of a loan amounting to P50,000.00 payable in 8 months if the interest…

A: Simple Interest:   Simple interest is a method of calculating the interest that is charged on fixed…

Q: What is the monthly payment on a loan of $5,000 at APR = 10% for one year.

A: Loan amount = $5000 Interest rate = 10% Monthly interest rate  = 10%/12 = 0.833333333333333% Number…

Q: If $27895 is borrowed for 5 months and P688 is paid, then the annual simple interest rate is…

A: Simple interest is one of the form of interest in which interest is charged on original investment…

Q: What is the accumulated value of P50,000 for 5 years and 3 months at 6.5% simple interest?

A: We need to use the formula of simple interest to determine the interest amount. Then, we need to add…

Q: What's the maturity value of a $500 loan at an annual simple interest rate of 9% at the end of 6…

A: Future value = Amount * (1+rate*time)

Q: What is the term if the final amount is P7,321 and the principal is P2,500 at 15% compound interest…

A: Hi There, Thanks for posting the questions. As per our Q&A guidelines, must be answered only one…

Q: A loan payment of $3200 was due 3 months ago, and another payment of $1800 is due in 6 months from…

A: Present value computes the existing value of future benefits by discounting future worth with a…

Q: If $6,840.00 is loaned for 4 months at an annual simple interest rate of 3.5%, how much interest is…

A: Principal =$6840 Time = 4 months Simple Interest = 3.50%

Q: What's the interest in a $500 loan at an annual simple interest of 9% at the end of 6 months?

A: Interest = Amount * rate * time

Q: Assume that you take out a $2000 loan for 53 months at 5.5% APR. How much total interest will you…

A: Total interest paid = Future amount payable - Loan amount Amount payable for the loan borrowed is…

Q: A loan is to be repaid after a term of 5 years. If the principal amount is at P215,000 and the total…

A: The interest rate on the loan: The interest paid on a loan taken is the cost of the money taken as a…

Q: A loan for P 50,000 is to be paid in 3 years at the amount of P65,000. What is the effective rate of…

A: A study that proves that the future worth of the money is lower than its current value due to…

Q: What is the nominal rate of interest if Php12,000 accumulates Php30,000 in 10 years with interest…

A: Solution: Present value (PV)    12,000.00 Future value (FV)    30,000.00 Period (Nper) 40…

Q: A loan is to be repaid quarterly for 5 years that will start at the end of 2 years. If interest rate…

A: The Loan amount will be equal to the present value of payments today. Effective quarterly interest…

Q: What is the simple interest on a Php 500 loan at 25% interest to be paid at the end of 6 months

A: Simple interest = Amount of loan * Interest rate % * time

Q: 2. If P500.00 is deposited in an account at the beginning of each year for 6 years at an annual…

A: As per the honor code, We are allowed to answer the first question only, since the exact one wasn’t…

Q: What is the present value of 5,275 due in 6 months if 11% interest is paid

A: Future Value = (P * R * T) + PWhere P = Present ValueR = Rate of InterestT = Time Period

Q: How is the manthly pay ment Of P350,000 loan which is to be repaid monthly for 1 year with an…

A: Given: Loan = 350,000 Years = 1 Interest rate=10%

Q: Find the present value (principal) to pay on a loan if $ 8,923 of future value (amount) is paid at…

A: Future value = Present value * (1 + rate*time)

Q: What is the present worth of P 2,991 and P 6,337 payments at the end of the 5 and 15 years,…

A: Payment 1 (P1) = P 2991 at the end of year 5 Payment 2 (P2) = P 6337 at the end of year 15 r = 14%

Q: what amount of interest will be charged if 7000 is borrowed for 9 months at a simple rate of…

A: Borrowed amount= 7000 Time period= 9 months = 9/12= 0.75 Simple interest rate= 9.5% per annum= 0.095

Q: How much interest is deducted in advance from a loan of P18,000.00 for one year and 6 months if the…

A: Given Information : Amount of loan = P 18,000 Period of loan = 1 year 6 months = 1.5 years Discount…

Q: If $6,840.00 is loaned for 4 months at an annual simple interest rate of 3.5%, how much interest is…

A: Given information: Principal (P): $6,840 Time (T) : 4 months Rate of interest (R) : 3.5%

Q: MONEY BORROWED TODAY IS TO BE PAID IN 6 EQUAL PAYMENTS AT THE END OF 6 QUARTERS. IF THE INTEREST IS…

A: Borrowing is defined as the term, which used to allow the person to spread their funds around with…

Q: Find the simple interest on RM68,000 at 16 2/3% per annum for a period of 9 months?

A:

Amortized Loans

The term "amortization" refers to spreading the value of a loan or a debt over a series of regular payments or installments comprising of both the principal and interest amount. It generally involves the process where in the value of a loan or an intangible asset is written down over its maturity period.