12.) Find the simple interest on a loan of P65,000.00 if the loan is given at a rate of 8% and is due in 6years and 3 months.A. $3,250.00C. P32,500.00B. P31,200.00D. P46,800.00

Simple interest is the interest paid on a principal balance for a given period of time at a…

Answered: 12.) Find the simple interest on a loan…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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12. i) Calculate the amount received from a loan that charges interest in advance by 4% and must be repaid by P2000 at the end of three years. ii) If the present value in problem i is of P1778, what is the compound rate of interest in advance applied?
am. 120.
4. find the periodic payemnt R required to amortize a loan of P dollars over T years with interest charged at the rate of r%/year compounded M times a year. - round mearest cent - P= 12,000 R=4 T=5 M=12
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Find the amount of an ordinary annuity of 20 semi-annual payments of P1, 000 if interest rate is 12% compounded semi-annually. A P36,785.59 (в) Р 38, 678.15 Р33,567.21 D P15,257.90
Q1: If a loan of 12.5 million is made for a period of 33 days at a rate of 8,25% per annum, what is the total amount repayable at the end of the period? Assume 365/365 days in the year. 12,593,236.30 12,583,236.30 10,573,287.67 10,853,25.52 which one is correct please help.
What is the present value annuity due of RM4,500 with a 6 percent discount rate for 5 years? Select one: a. RM24,165.790 b. RM24,318.345 c. RM24,126.590 d. RM20,093.15
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What is the PV of an ordinary annuity with 5 payments of $3,900 if the appropriate interest rate is 4.9%? a. $20,455.50 b. $19,858.66 c. $16,931.74 d. $17,761.39 e. $13,861.39
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16. a. What do understand by 'amortization‘?b. Against a house, mortgage loan is obtained for Rs. 10,00,000 for 15 years and at annual interest of 12%. What is the annual payment?
4. If you know the simple interest due on a P10 000 loan, explain how you can use that figure to calculate the simple interest due on a P50 000 loan for the same time period and the same interest rate. 5. If the principal of a loan is doubled but the time period and interest rate remain the same, how many times as large is the simple interest due on the loan? 6. If the principal of a loan is tripled but the time period and interest rate remain the same, how many times as large is the simple interest due on the loan?

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12.) Find the simple interest on a loan of P65,000.00 if the loan is given at a rate of 8% and is due in 6 years and 3 months. A. P3,250.00 C. P32,500.00 B. P31,200.00 D. P46,800.00