1. By using the simple interest formula, how many months will it take for an investment of Php25,000 to earn an interest of Php375 with an annual interest rate of 3,6%? Hint: |=
1. By using the simple interest formula, how many months will it take for an investment of Php25,000 to earn an interest of Php375 with an annual interest rate of 3,6%? Hint: |=
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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Transcribed Image Text:4G ll 0.2K/s A O EO 8:03 PM
45 38%O
1. By using the simple
interest formula, how
many months will it
take for an investment
of Php25,000 to earn
an interest of Php375
with an annual interest
rate of 3.6%? Hint: 1=
Pin
2. A loan of Php2,850
is made for a period of
14 months from
January 1 to February
the following
year at a simple
interest. The future
amount due at the end
28
of the loan period is
expected to be
Php.3,515. Find the
annual interest rate by
using the formula,
F=P(1+ni).
3. Determine the exact
simple interest on
Php8,000.00 for the
period from January 10
to November 29, 1993
if the rate of interest is
20%? Hint: I = Pin
4. If you borrow money
from your friend with
simple interest of 12%,
find the present worth
of Php20,000.00 which
is due at the end of
nine(9) months? Hint:
F = p(1+in)
5. By the condition of a
Will document, the
sum of Php30,000 is
left to be held in trust
by her guardian until it
amount to Php55,000.
If the girl is exactly 12
years old on the start
of the trust fund, what
is her exact age in
years, months and
days to qualify to
receive the money if
the fund is invested at
8% compounded
quarterly? Hint: F =
P(1+i)n
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