1. Find the amount due if P13,500 was invested at 3 2/5% for 225 days using: a. Ordinary interest b. Exact interest

Algebra and Trigonometry (6th Edition)
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ISBN:9780134463216
Author:Robert F. Blitzer
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ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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II. Find the missing value.
a. P = 2,000;
b. P = P5,500 ;
c. P = P7,000 ;
d. P = P9,000 ;
r = 3 %
I = P500
I = P1,120
r = 10 %
t= 3 4 years
r = 7%
t = 4 yrs & 4 mos.
t = 5 yrs
;I= ?
%3D
;t= ?
;r= ?
;I=?
III. WORKSHEETS
Solve the following problems
1. Find the amount due if P13,500 was invested at 3 2/5% for 225 days
using: a. Ordinary interest
b. Exact interest
2. Find the amount due if P 11,000 was invested at 16% for 125 days
using: a. Ordinary interest
b. Exact interest
3. Pina loans P15,000 at 7% simple interest, how long will it take her to get
P10,000
interest?
4. At what simple interest rate should Troy invest his P10,000 so that it earns
P5,000 in
5 years?
5. What amount should be paid on the maturity date to settle a one-hundred-
two-day loan, if present value is P30,000 at 2% simple interest?
twenty
Transcribed Image Text:II. Find the missing value. a. P = 2,000; b. P = P5,500 ; c. P = P7,000 ; d. P = P9,000 ; r = 3 % I = P500 I = P1,120 r = 10 % t= 3 4 years r = 7% t = 4 yrs & 4 mos. t = 5 yrs ;I= ? %3D ;t= ? ;r= ? ;I=? III. WORKSHEETS Solve the following problems 1. Find the amount due if P13,500 was invested at 3 2/5% for 225 days using: a. Ordinary interest b. Exact interest 2. Find the amount due if P 11,000 was invested at 16% for 125 days using: a. Ordinary interest b. Exact interest 3. Pina loans P15,000 at 7% simple interest, how long will it take her to get P10,000 interest? 4. At what simple interest rate should Troy invest his P10,000 so that it earns P5,000 in 5 years? 5. What amount should be paid on the maturity date to settle a one-hundred- two-day loan, if present value is P30,000 at 2% simple interest? twenty
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