21al 770 amount using the Banker's Rule. RM9 064.82 RM9 024.82 RM9 054.82 DMO O 04.00

Q: Determine the exact simple interest on P 5,000.00 for the period from June 10 2015 to November 21,…

A:

Q: On January 1, 2022, Marites deposited P15,000 in a bank that offered 2.5% annual interest compounded…

A: Given that, Amount deposited on January 1, 2022 = 15000 rate (r) = 2.5% compounded monthly, So, n=12…

Q: A company purchased an asset for P10,000.00 and plans to keep it for 20 years. If the salvage value…

A: Please check step 2 for the solution.!

Q: Mrs. Tan borrowed some money from a bank that offers an interest rate of 9.7% compounded monthly.…

A: Using Excel =FV(9.7%/12,15,8432.25,-PV(9.7%/12,12*5,-8432.25)) =317036.5388 Hence option D is the…

Q: When you were born, your grandfather established a trust fund for you in the Land Bank of the…

A:

Q: Leon invests a that offers 1.2 half-yearly. IC €6762.56. Cale his investmen

A: In this question, the concept of Compound Interest is applied. Compound Interest Compound interest…

Q: 3 Find the compound interest In on a loan of ₱600,000 at 6% compounded semi-annually for 8 years.

A:

Q: Melvin invested Php100,000 in a business where the annual rate interest rate is 10%. How much will…

A: Melvin invested Php100,000 in a business where the annual rate interest rate is 10%. How much will…

Q: The finance charge on Lauren's credit card bill last month was $75.23. Her APR was 19%. What was her…

A:

Q: Compute the accumulated value of $ 7776 at 5.93 % after 5 months.(Simple interest)

A:

Q: Suppose Keisha places $9000 in an account that pays 2% interestcompounded each year. Assume that no…

A:

Q: Find the interest and amount on ₱28,800 at 10 3/8% simple interest from November 17, 2015 to May 16,…

A: Find the interest and amount on ₱28,800 at 10 3/8% simple interest from November 17, 2015 to May 16,…

Q: Brent deposits P25 000 on August 13, 2020 and had deposited the same amount on the same date every…

A: Given that: Brent deposits P25000 on Aug 13, 2020 and had deposited the same amount on the same date…

Q: An interest –in-advance collected from an amount of P85, 500 borrowed for 450 days and discount rate…

A:

Q: 7. Mrs. Yang borrowed P14,500 from a lending institution that charges 5 1⁄2 % simple discount. How…

A: Solution: borrowed amount P = 14,500 simple discount = 5.5%

Q: 2. Mike deposited on March 12, 2020 at 10.5% simple interest. On September 8, 2020, the fund…

A: Solution

Q: Martin received loan to purchase a locker at his condominium for $4000.The loan was amertized over…

A: Given, Principal=$4000Intreset=3.26%=0.0326Time=2 years The formula for calculating the amount for…

Q: Find the interest of P50,000.00 deposited in a bank that pays 5 ½ % in 165 days. (Hint: 1 year 360…

A: Solution

Q: hat is the rebate fraction of a 36 month loan paid off after the 13th payment?     What is the…

A: (a) Given,  Number of payment = 36                                  Pay mode = 13

Q: Find the monthly payment & the total interest. Round to the nearest dollar. 9) Suppose that you…

A:

Q: deposit $500 in a savings account with 3% interest compounded annually. What is the balance in the…

A:

Q: 3- Determine the amount borrowed if $133 is charged in interest after 2 years at 1.5% simple…

A: Use formula for simple interest

Q: a) Sara deposited RM2,800 in an account when she was 15 years old. The simple interest rate offered…

A: Given problem Given that   a) Sara deposited RM2,800 in an account when she was 15 years old.…

Q: each quarter for 20 years into an account paying 4.2%  annual interest compounded quarterly.  a) How…

A: Julia deposits $100 at the end of each quarter for 20 years into an account paying 4.2% annual…

Q: What is the simple interest to the nearest cent on a credit card balance of P1,150.00 at 11%…

A:

Q: Calculate the commercial and real simple interest of $5,800,000 at 28% from July 7, 2016 to…

A: The given principle amount=$5,800,000Annual interest rate=28%Time=July 7,2016 to September 1,…