ind the interest on 40,000 at 3.5% interest rate from October 11, 2020 to March 21, 2021 1. approximate time 2. actual time 3. ordinary interest using approximate time
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find the interest on 40,000 at 3.5% interest rate from October 11, 2020 to March 21, 2021
1. approximate time
2. actual time
3. ordinary interest using approximate time
4. exact interest using approximate time
5. ordinary interest using actual time
6. exact interest using actual time
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- Find the ordinary and exact interest at a) approximate and b) actual number of days from May 15, 2021 to October 21, 2021 on P 60,550 at 12 % simple interest . Solve for the following:a) Ordinary interest at actual time b) Ordinary interest at exact timec) Exact interest at actual timed) Exact interest at approximate timeSIMPLE INTEREST If P = P 350 ; r = 4% ; t = March 2 to December 6, 2021, what are the exact and ordinary interest using actual and approximate time, respectively.Simple Interest Find the ordinary and exact interest at : a) approximate time b ) actual number of days from January 15, 2021 to June 21, 2021 on Php 30,350 at 12 % simple interest.
- Suppose $100 was deposited at the EOY 2011 and $220 was withdrawn at the EOY 2020, emptying the account. Find the annual interest rate.What is the exact simple interest earned on P 35, 000 for the period from April 3, 2020 to October 14, 2020, if the interest rate is 18%?simple interestSolve the following problems:1. Sassy borrowed P 10,500 on Nov. 6, 2020 to be repaid on April 11, 2021 at 15.3% interest in a year. How much will the interest be? Find the amount to be paid on the maturity date.2. Find the exact interest and the final amount due on P 12,350 at 11 % for 150 days, using ordinary interest.3. The interest on a loan of P 2,500 is P 165.00 . If the rate of interest is 6 %, when is the loan due?
- Compute the amount of interest on $8350 at 6.5% p.a. from October 8, 2019, to August 4, 2020. What rate of interest is paid if the interest on a loan of $12500 is $196.06 from November 14, 2019, to May 20, 2020? Loan payments of $1725 due today, $510 due in 75 days, and $655 due in 323 days are to be combined into a single payment to be made 115 days from now. What is that single payment if money is worth 8.5% p.a. and the focal date is 115 days from now? What principal will earn $355.99 interest at 9.75% p.a. from February 4, 2017, to July 6, 2017? Determine the face value of a four-month promissory note dated May 20, 2018, with interest at 7.5% p.a. if the maturity value of the note is $1190.03. A Company sells locks for $10 each. Manufacturing cost is $2.60 per lock; marketing costs are $2.40 per lock; and royalty payments are 20% of the selling price. The fixed cost of preparing the lock is $18 000. Capacity is 15,000 locks. Compute the contribution…simple interest1. Sassy borrowed P 10,500 on Nov. 6, 2020 to be repaid on April 11, 2021 at 15.3% interest in a year. How much will the interest be? Find the amount to be paid on the maturity dateSIMPLE INTEREST1. P 150,000 was invested at a local bank from June 7, 2020 to January 20, 2021 at 4 1/2 % . Find the exact and ordinary interest using : a). exact time b) approximate time2. If P = P 350 ; r = 4% ; t = March 2 to December 6, 2021, what are the exact and ordinary interest using actual and approximate time, respectively.
- Calculating Interest Using 360 days as the denominator, calculate interest for the following notes using the formula I = P x R × T. Round your answers to the nearest cent. Principal Rate Time Interest $4,100 6.00% 30 days 1,000 7.50 60 3,500 8.00 120 950 6.80 95 1,250 7.25 102 2,600 7.00 90Please calculate the interest on a $10,000, 120-day, 12 percent note. Once you have determined the interest amount, briefly explain what it means. When does the interest get recorded?Required 1 Calculate the future value. On January 1, 2020, $30,000 is deposited into a savings account. Assuming a 4% interest rate, calculate the amount accumulated on January 1, 2023, if interest is compounded annually. N (period of time) | (Interest) PV (Present Value FV (Future Value) PMT (Annuity) On January 1, 2020, $30,000 is deposited into a savings account. Assuming a 4% interest rate, calculate the amount accumulated on January 1, 2023, if interest is compounded semi-annually. N (period of time) | (Interest) PV (Present Value FV (Future Value) PMT (Annuity) Page 1 On January 1, 2020, $30,000 is deposited into a savings account. Assuming a 4% interest rate, calculate the amount accumulated on January 1, 2023, if interest is compounded quarterly. N (period of time) | (Interest) PV (Present Value FV (Future Value) PMT (Annuity) 2 In each of the three scenarios the FV should continue to increase. Explain why this passes the reasonablenes test.
