.A man borrows Rs 8160 from a finance company and has to return it in two equal annual instalments. If the rate of interest charged is 12.5% per annum, compounded annually, find the instalment.

Q: Find the principal which amounts to $5,500 at simple interest in 5 years at 2% per annum

A: The formula for Simple interest is SI=P×R×T100, where P is the principal amount, R is the rate of…

Q: In how many years will annuity of Rs.400 amount to Rs. 4064 at 3% p.a. compound interest?

A: The formula for the compound interest is given as follows:

Q: Find the interest earned at the end of 3 ¼ years if ₱ 50,750 is invested at 12% compounded semi…

A: Compound interest formula is  A=P1+rnntP is the principal amount=50750r=0.12t= 3.25 years Replace…

Q: If a nine-month term deposit at a bank earns a simple interest of 9% per annum, how much will have…

A: Simple interest: As the name indicates it is a simple interest computed on the amount of principal.…

Q: Find The Compound profit on Rs 48000 at 5% for one year?

A: We have, P = Rs 48000, r = 5% p.a., t = 1 (n = 1)

Q: if the interest 1,280 has not been paid each year but had been allowed to compound, how much…

A:

Q: If a nine-month term deposit at a bank earns a simple interest rate of 9% per annum, how much should…

A: Given: The value of r is 9%

Q: If sue borrowed $6300 from the bank , she has already paid 2/7 of the loan, whats the remaining…

A:

Q: A computer is available for Rs. 39300 cash or for Rs. 12820 cash down payment and three equal half…

A:

Q: The total interest that had to pay for a loan of Rs.20000 for a period of x months under reducing…

A: It is given that, The amount of loan P=₨20000. Total interest paid under reducing balance=₨8000. The…

Q: Engr. Velasco decided to subscribe in a globe promo which must be paid P 4,278 per month for five…

A: Engr. Velasco decided to subscribe in a globe promo which must be paid 4,278 per month for five…

Q: . Find the simple interest (I = Prt) of $10,000 invested for 6 years at an annual simple interest…

A: Definition: simple interest If an amount of money,  P , the principal, is invested for a period of…

Q: At what rate of interest compounded semi-annually for 8 years will Rs. 3,150 amount to Rs. 4,720?

A: The formula for amount is: Where, P is the principal value. r is the rate of interest in decimals.…

Q: A man applied for a loan with 16% interest. The interest will be automatically deducted from the…

A: If the interest is simple, then the formula that is used is A=P1+rt, where A is the final amount, P…

Q: A loan of P100,000 has been issued for 5 years. Compute for the amount to be repaid to the lender if…

A:

Q: What is the interest due if $500 is borrowed for 6 months at asimple interest rate of 6% per annum?

A: Given:     Principal (P) = $500     Interest rate (r) = 6 %     Time (t) = 6 month =612 year Simple…

Q: Mr. Rashid borrowed Rs. 20000 from Habib Bank to be paid back after 3 years at 6% per annum…

A: Calculate Amount and interest paid

Q: I will invest Nu. 500 per quarter for my retirement at 7.3% compounding quarterly for 32 years. I…

A: Given information Quarterly deposit P=$500 Annual interest rate  r=7.3% Period of paymentn=32 years…

Q: At what rate of interest compounded semi-annually for 8 years will be Rs. 3150 amount to Rs. 4720?

A:

Q: A contractor has $650 worth of electrical material on the shelf in stock for 3 consecutive years. If…

A: Where A is the amount after time t P is the initial investment R is the rate of interest t is the…

Q: Mohan borrowed some money from Sohan at the rate of 20% compounded annually and lent it to Kavita at…

A: Let the sum borrowed by Mohan be x Now, the Amount that he will have to pay at the end of year (A) :…

Q: The cost of electric bill is expected to increase linearly with a monthly difference of PhP0.05/…

A:

Q: Mr. Daya Omondi sings beautiful songs and people pay handsomely to attend his live shows. Recently…

A: Given, Principal (P)=80,000 Rate of interest (r)=4%=0.04 Time period (t)=8 years

Q: Angelica received a 12 year non subsidized loan of 17,000 at an annual interest of 5.5 % compounded…

A: Loan amount=$17,000Rate of interestr=5.5%=0.055Monthly rate of…

Q: At what rate of interest compounded semi-annually for 8years will Rs 3150 amount to Rs 4720?

A: Formula for given problem is FV=PV1+rnnt           (1) Where FV is future value, given as Rs 4720 PV…

Q: A person lent P5000.00 to B for 2 years and P3000.00 to C for 4 years on simple interest at the same…

A: We will find out the required rate of interest.