A certain sum of money in simple interest scheme amount to 8,880 in years and 7,920 in 4 years respectively. Find the principal and rate percent.

Q: Chad Romin Computer Shop borrowed P500,000 on September 23, 2013 with interest due on October 3,…

A: The exact number of days from September 23, 2013 till October 3, 2014 is 376 days.For exact…

Q: Your brother was supposed to repay a loan to you in 2 payments due in the past. He is going settled…

A: The simple interest formula is

Q: The amount at the end of 5 years for a monthly deposit of Php1000 at 5% converted at the end of each…

A:

Q: Find the full amount if Php67, 300 deposited in the bank for 12 years at 3.15% rate

A: first calculate the interest using the formula S.I =PRT where S.I is the simple interest T is the…

Q: A house and lot has a selling price of PhP 1,960,000. A client made a down payment of PhP 460,000…

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: A man borrows GH¢12,000.00 from the bank at 15% per annum for 3 years. Determine the sum of each…

A: Given A man borrows GH¢12,000.00 from the bank at 15% per annum for 3 years. To Determine the sum of…

Q: Find the simple interest on P6275 at 10% for 6 months.

A: GIVEN: P = $6275, R = 10%, T = 6 months

Q: what is 2% higher than 3.167% interest rate?

A: Please see the answer in Step 2

Q: In order to save for his tuition fee, Ms. Snow decided to deposit Php 300.00 every month if the bank…

A: We will use compound interest formula on recurring deposits to find the answer

Q: How much should Allyson put into 6% saving account in order to have Php. 100,000.00 in 5 years?

A:

Q: e of Php 100,000

A: Given as, Corporate bond= 8%, Face value= 100,000, Maturity= 5 years and 7%.

Q: A preferred stock from Duquesne Light Company (DQUPRA) pays $3.55 in annual dividends. If the…

A:

Q: What is the interest rate compounded quarterly if P 2,500,000.00 is invested and the amount became…

A: Formula: The compound interest formula is given below: A=P1+rnnt, where A-final amount, P-Principle…

Q: rohani buys a washing machine by paying a RM 400 deposit and paying the balance RM 1772 after 5…

A: Given that rohani buys a washing machine by paying a RM 400 deposit and paying the balance RM 1772…

Q: Mr. Rashid borrowed Rs. 20000 from Habib Bank to be paid back after 3 years at 6% per annum…

A: Calculate Amount and interest paid

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

A: Solution

Q: Find the simple interest rate of the principal of Php. 15,000 with simple interest of Php. 30,000…

A: Given: Simple interest I=30000 Time (years) t=5 Principal Value P=15000 We have to find Simple…

Q: For 10 years with total payments of $ 10000 per year, calculate the total amount accumulated after…

A: Consider the given information. Total payment per year. P=$10,000 Time period is defined as, n= 10…

Q: 7

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Q: The cost of an engine is RM77,000. The declining balance method is used for computing depreciation.…

A:

Q: The interest rate on a car loan has increased 50% over the last 10 years and is now 9%. VWhat was…

A: According to the given information it is required to find the rate 10 years ago, when the interest…

Q: Ms. Illeto bought a laptop and paid Php 10,000.00 for a down payment l. The remaining amount is to…

A: