rounded off to 2 decimal places 1. FInd the ordinary interest on P500,000 at 5.5% invested...

rounded off to 2 decimal places

1. FInd the ordinary interest on P500,000 at 5.5% invested from April 1, 2017 to December 24, 2017?

2. How long will it take 200,000 to amount half a million pesos if the simple interest rate is 8.25% per annum?

3. Find the simple interest on 20,000 borrowed on May 1 and will be paid after 6months at 6.25% interest using exact time.

4. How much must be paid on the due date of Oct 20, 2020, on a loan of 80,000 made on December 5, 2015 with interest of 44.5% compounded quarterly?

5. Find the amount to be paid of a present value of 15,000 payable every three months for 10years, if the money is worth 5% compounded quarterly

6. If 25,000 is deposited in an account that earns interest compounded monthly becomes 32,000 after 2 years, what is the interest rate?

7. After a strong typhoon, Mang Liloy applied for a calamity loan of 30,000. The current interest rate for the calamity loan is 5.95% per annum. How much interest does Mang Liloy have to pay at the end of 1 year?

8. What is the interest rate compounded quarterly if 2,500,000 is invested and the amount became 3,210,000 after 10years?

9. Find the amount and interest on 50,000 invested for 10years at 5.25% interest compounded semi-annually

10. Find the compound amount and interest if 400,000 is invested at 8% compounded quarterly for 5years and 6months?

Expert Solution

jeff jeffy answered 2 years ago

Find the effective annual rate of interest (as a %, 2 decimal places) at which an...

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