1. A man borrows P2,500 for 2 years at 8 %4%. How much and what will be the amount at the end of the term? 2. If P350 becomès P10,800 in 1 year and 6 months, what simple interest rate is applied? 3. Joana loans P18,700 at 4 % % simple interest. How long will it take her to get P1800 interest? 4. What is the principal invested from June 10, 2020, which will amount to P50,000 on October 20, 2021, using 14.8% simple interest? 5. Find the simple discount on P12,000 due at the end of 1 year and 6 months with 7.5% simple discount rate. How much is the proceeds? simple interest
1. A man borrows P2,500 for 2 years at 8 %4%. How much and what will be the amount at the end of the term? 2. If P350 becomès P10,800 in 1 year and 6 months, what simple interest rate is applied? 3. Joana loans P18,700 at 4 % % simple interest. How long will it take her to get P1800 interest? 4. What is the principal invested from June 10, 2020, which will amount to P50,000 on October 20, 2021, using 14.8% simple interest? 5. Find the simple discount on P12,000 due at the end of 1 year and 6 months with 7.5% simple discount rate. How much is the proceeds? simple interest
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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NOTE: ANSWER ONLY 2 AND 5
Transcribed Image Text:PAGE OF OUR WORKSHEE
A. SIMPLE INTEREST, SIMPLE DISCOUNT, PROMISSORY NOTE
1. A man borrows P2,500 for 2 years at 8 %4%. How much interest will be charged
and what will be the amount at the end of the term?
2. If P350 becomes P10,800 in 1 year and 6 months, what simple interest rate is
applied?
3. Joana loans P18,700 at 4 % % simple interest. How long will it take her to get
P1800 interest?
4. What is the principal invested from June 10, 2020, which will amount to P50,000
on October 20, 2021, using 14.8% simple interest?
5.
Find the simple discount on P12,000 due at the end of 1 year and 6 months with
7.5% simple discount rate, How much is the proceeds?
6. Five I's Company received a P100,000 promissory note at 10% simple interest
for 9 months from one of its customers. After 6 months, the note was discounted
at a bank at a discount rate of 7.8%. How much did the company receive from
the discounted note?
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