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What is the interest paid by Victor on Php 35,000.00 that he borrowed for 2 years at 15% simple interest.
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- Samuel Ames owes 20,000 to a friend. He wants to know how much he would have to pay if he paid the debt in 3 annual installments at the end of each year, which would include interest at 14%. Draw a time line for the problem. Indicate what table to use. Look up the table value and place it in a brief formula. Solve.Marlon borrowed 15,000 Php from a lending company that charges a simple interest rate of 11%. Identify the simple interest after 1 year and What is the total amount that must be paid after 1 year?1. John invested Php1000 in savings bonds. If the bonds earn 6.75% interest compounded semi-annually, how much total will John earn in 15 years? 2. Judy borrowed Php500 at an annual interest rate of 8%. At the end of the loan period she had to pay back Php530. How long was the loan for?
- A man borrowed some money from a private at 5 % simple interest per annum. He landed this money to another person at 10% compound interest per annum, and made a profit of Php 36963 in 6 years. How much he borrowed?John borrowed PhP 100,000. He is to pay his debt in 10 equal annual payments starting 5 years from now. How much was his annual payment if interest rate per year is 3%?A businessman borrowed Php2,500,000 for 5 years at 5.5% simple interest. What amount must he pay at the end of the term?
- A man borrowed some money from a private at 5 % simple interest per annum. He landed this money to another person at 10% compound interest per annum, and made a profit of Php 26051 in 4 years. How much he borrowed? Show complete solutionEricson deposited PhP 35,000 into his savings account that earns 4% interest. How much will he have after 18 months?Mina borrowed Php 10,000 from a financing institution which agreed to charge an annual simple interest r. Suppose after 36 months, Mina paid a total of Php11,500. What is the value of r in percent? Choices: - 10% - 5% - 4% - 2%
- A man borrowed a certain sum of money from a bank which charges interest at 18%, compounded quarterly. He promised to pay the principal and interest through 36 equal payments of PHP 4,000 at the end of each three months. How much did he borrow?A man borrowed Php200000 from his friend and agreed to pay years at an interest rate of 10% per annum. How much should the man deposit monthly in a bank in order to discharge his debt, if the bank offers 6% annual interest rate?Bry borrowed a certain amount from ABC lending corp. In their contract, Kem must pay PHP 150,000 in three years. If the simple interest rate is 7.5%, what is the effective interest rate per year?