6. What are the amounts of interest and maturity value of a loan for P20,000 at 6 % compound interest for 3 years?

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
icon
Related questions
Question

Sub part 6-8

PERFORMANCE TASK NO. 1
Instruction: Solve the following problems. Write your solution in a separate sheet of paper.
1. What are the amounts of interest and maturity value of a loan for P150,000 at 6% simple interest
for 3 years?
2. Angel invested a certain amount at 8% simple interest per year. After 6 years, the interest she
received amounted to P48,000. How much did she invest?
3. Justin borrowed P5,000 at 5% annual simple interest rate. If he decided to pay after 1 year and 3
months, how much should he pay by then?
4. How long will P40,000 amount to P51,200 if the simple interest rate is at 12% per annum?
5. At what simple interest rate per annum will P25,000 accumulate to P33,000 in 5 years?
6. What are the amounts of interest and maturity value of a loan for P20,000 at 6 % compound
interest for 3 years?
7. What amount must be deposited by a 15-year old student in a bank that pays 1% compounded
annually so that after 10 years he will have P20,000?
8. Alet borrowed P15,000 payable with interest that is compounded semi-annually at 9%. How much
must she pay after 3 years?
9. How much must Angel deposit in a bank that pays 0.75% compounded quarterly so that she will
have P200,000 after 15 years?
Transcribed Image Text:PERFORMANCE TASK NO. 1 Instruction: Solve the following problems. Write your solution in a separate sheet of paper. 1. What are the amounts of interest and maturity value of a loan for P150,000 at 6% simple interest for 3 years? 2. Angel invested a certain amount at 8% simple interest per year. After 6 years, the interest she received amounted to P48,000. How much did she invest? 3. Justin borrowed P5,000 at 5% annual simple interest rate. If he decided to pay after 1 year and 3 months, how much should he pay by then? 4. How long will P40,000 amount to P51,200 if the simple interest rate is at 12% per annum? 5. At what simple interest rate per annum will P25,000 accumulate to P33,000 in 5 years? 6. What are the amounts of interest and maturity value of a loan for P20,000 at 6 % compound interest for 3 years? 7. What amount must be deposited by a 15-year old student in a bank that pays 1% compounded annually so that after 10 years he will have P20,000? 8. Alet borrowed P15,000 payable with interest that is compounded semi-annually at 9%. How much must she pay after 3 years? 9. How much must Angel deposit in a bank that pays 0.75% compounded quarterly so that she will have P200,000 after 15 years?
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 3 images

Blurred answer
Recommended textbooks for you
Advanced Engineering Mathematics
Advanced Engineering Mathematics
Advanced Math
ISBN:
9780470458365
Author:
Erwin Kreyszig
Publisher:
Wiley, John & Sons, Incorporated
Numerical Methods for Engineers
Numerical Methods for Engineers
Advanced Math
ISBN:
9780073397924
Author:
Steven C. Chapra Dr., Raymond P. Canale
Publisher:
McGraw-Hill Education
Introductory Mathematics for Engineering Applicat…
Introductory Mathematics for Engineering Applicat…
Advanced Math
ISBN:
9781118141809
Author:
Nathan Klingbeil
Publisher:
WILEY
Mathematics For Machine Technology
Mathematics For Machine Technology
Advanced Math
ISBN:
9781337798310
Author:
Peterson, John.
Publisher:
Cengage Learning,
Basic Technical Mathematics
Basic Technical Mathematics
Advanced Math
ISBN:
9780134437705
Author:
Washington
Publisher:
PEARSON
Topology
Topology
Advanced Math
ISBN:
9780134689517
Author:
Munkres, James R.
Publisher:
Pearson,