3.A total of Php25,000 is invested at a simple monthly interest rate of 1% for 6 months. How much interest is earned on this investment?

Q: What is the compound amount and interest if Php 10,000 is invested at 3.6% compounded monthly for 2…

A: we know that, A=P(1+rn)n×t now, A= amount after time + (future value) P= principal amount (initial…

Q: 1. Compute the simple interest of a loan amounting to P100,000.00 payable in 8 months if the…

A: Simple interest is a method of calculating interest on a principal amount by multiplying the…

Q: suppose that $47,700 is invested in certificate of deposit for 3 years at 6.2% annual interest to be…

A: The deposit facility provided by commercial banks in which the deposited amount is repaid only at…

Q: An investment that cost ₱300,000 was placed in a bank and the bank gave you a 4% compound interest…

A: Future Value refers to the value of the current asset or investment or of cash flows at a specified…

Q: Find the simple interest paid on a Php810 investment at 2.8% annual interest for 315 days.

A: Investment = Php 810 Interest rate = 2.8% Period = 315

Q: 2. If Php 80,000 is invested at the rate of 6-% compounded annually, when will it earn interest of…

A: Note: I am supposed to provide the solution of first question only. Please repost the remaining…

Q: What is the simple interest on ₱ 30,000 for six months at a simple interest rate of 12% . What is…

A: Simple interest is interest on investment without any compounding. Compound interest is the interest…

Q: 3. When will Php 30,000 earn interest of Php 15,000 if it is invested at the rate of 7.5% compounded…

A: Time value of money concept says that a sum of amount invested today will have more value in future…

Q: 4. RM27,000 was invested for 5 years. The interest rate offered was 6% compounded every 2 months for…

A: The future value of the investment will depend upon the interest rate for the period and the…

Q: A loan of 7 quarterly payments of Php.8,300 is to be made, to pay for a loan at 10% compounded…

A: Interest rate                = 10% per annum Interest rate                = 2.5% per quarter…

Q: How much will be received in 6 years if Php35,000 is deposited in an account earning 5.5% interest…

A: Answer -  Formula for Future Value - FV=PV(1+i)n,   Where, PV = Present Value i= Interest Rate n =…

Q: 1. What is the annual rate of interest if ₱265 is earned in four months of an investment of ₱…

A: Compound interest is the interest on a loan based on the total loan amount and the accumulated…

Q: A business loan of PhP 650,000 is to be settled by paying PhP 29,994.20 monthly in 2 years. If the…

A: In terms of a borrower or lender, the outstanding balance is the sum that is still owed on a loan.…

Q: How much will be received in 6 years if Php35,000 is deposited in an account earning 5.5% interest…

A: Compound interest is an investment method where the interest earned is reinvested back which earns…

Q: Consider a loan of 1,000,000 which is to be amortized by 60 monthly payments. The interest rate is…

A: Here,

Q: A person buys a piece of lot for Php 107203 down payment and 10 deferred semi-annual payments of P…

A: The value of a cash flow which will occur at the future date at the current date is known as its…

Q: RM600 is invested for 4 years 10 months. This investment is offered an interest rate of 9%…

A: Using excel FV function

Q: 4. RM27,000 was invested for 5 years. The interest rate offered was 6% compounded every 2 months for…

A: The future value of the cash flow is the future worth of a cash flow at a certain rate of interest…

Q: What is the simple interest rate applied if an investment of Php 37,500 accumulates to Php 45,937.50…

A: Investment = Php 37,500 Future value = Php 45937.50 Interest amount = Future value - Investment…

Q: An investment of $3,100 is made for 4 months at an annual simple interest rate of 3.75%. What is the…

A: Simple interest is the type of interest that is calculated only on the principal amount. Simple…

Q: Consider a principal amount of PhP 1,000 to be invested at a nominal rate of 12% compounded semi…

A: A study that proves that the future worth of the money is lower than its current value due to…

Q: 2. When invested at an annual interest rate of 7%, the amount earned ₱11,200.00 of simple interest…

A: Interest means the extra amount which we received because of investment made and will be paid in…

Q: at Php2

A: Given information :

Q: An investment of $2,500 is made for 8 months at an annual simple interest rate of 2.25%. What is the…

A: Simple interest is the type of interest that is calculated only on the principal amount. Simple…

Q: How much interest is deducted in advance from a loan of P18,000.00 for one year and 6 months if the…

A: Given Information : Amount of loan = P 18,000 Period of loan = 1 year 6 months = 1.5 years Discount…

Q: Consider a loan of 800,000 which is to be amortized by 60 monthly payments. The interest rate is 12%…

A: Solution:- When an amount is borrowed, it can either be repaid as lump sum payment or in…

Q: 5. If Php80,000 is invested at the rate of 6.5% compounded annually, when will it earn interest of…

A: The number of periods (N) is a variable used in financial mathematics to represent the total number…

Q: 2. $4200 is invested for 9 months at an annual simple interest rate of 12%. How much interest will…

A: Given:Principal amount=$4200Interest rate=12% annuallyTime period=9 monthsTo compute amount of…

Q: If a nine month term deposit at a bank earn a simple interest rate of 9% per annum, how much should…

A: Term deposit is a way in which the person locks his amount or we can say sum of money for a specific…