A man borrowed the amount of P20 000 with an interest of 30 %. How much interest is going to pay at the end of 22 months? a. Php 12 353.86 b. Php 6 032.00 c. Php 9 758.63 d. Php 11 602.78

Q: A man borrowed ₱180 000 from a bank payable in two years. The bank discounted the loan by ₱30 000.…

A: Theoretical interest rate is an interest rate which is calculated on amount borrowed whereas actual…

Q: What is the interest of the amount barrowed by Mr. Carlo if he is paying Php 19,734 every three…

A: The interest amount is the price for the borrowed funds which is paid the borrower of amount and…

Q: Thornton borrowed $250,000 at a rate of 7.25%, simple interest, with interest paid at the end of…

A: Simple interest is simple interest that means there is interest on the principal amount only and…

Q: annual interest rate?

A: The formula to calculate the future value of current investment amount is  C*(1+r)n, where C is the…

Q: Mina borrowed Php 10,000 from a financing institution which agreed to charge an annual simple…

A: Note: It has been assumed that the given options are just the choices given with positive numbers…

Q: B. Compound interest 4. Grace deposited Php40,000 in an account that pays 3.5% interest…

A: Note: “Since you have posted multiple questions, we will provide the solution only to the first…

Q: Mr. Santos borrowed a certain amount from Bank A with an interest of 5% compounded quarterly and he…

A: EMI = P × r × (1 + r)n((1 + r)n-1) where, P= Loan Amount r= Interest rate n= tenure

Q: A man borrowed RM1200 for 5 months and was charged 9% simple interest.  How much interest did he…

A: The amount of interest earned can be calculated with the help of simple interest function

Q: Find the compound interest earned if PhP 30,860 is deposited in a bank at 2.8% compounded monthly…

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

Q: A man invested P1,000 per month on a bank that offers 6% interest compounded annually. How much can…

A: The Concept is of Annuity. Annuity is a series of fixed payments/receipts made at regular interval…

Q: Ben borrowed PHP 1,300,000 from a finance company that charges interest at 16% compounded…

A: Loan amount (PV) = PHP 1,300,000 Interest rate = 16% Semi annual interest rate (r) = 16%/2 = 8%…

Q: You invest 185 000 TL to a bank deposit account at gross rate of %24.5 for 65 days. If the…

A:

Q: Anthony invested Php55,000 in a bank that pays 3.75% simple interest. How much will be his money at…

A: calculation of amount after 3 years and 8 months under simple interest are as follows

Q: A Php 106,908 was loaned at an interest rate of 0.109 9 annual payments has to be settled, the first…

A: In this we have to calculate the interest on the for two year and than calculate annual payment for…

Q: If you wish to accumulate $246,000 in 17 years, how much must you deposit today in an account that…

A: Future Value = fv = $246,000Time = t = 17Interest rate = r = 15%

Q: What is the interest of the amount barrowed by Mr. Carlo if he is paying Php 18,699

A: Interest: It is the amount charged on the loan taken by the lender to the borrower. The interest…

Q: A contractor took out a loan from a certain bank in an amount that could be repaid over four years…

A: Loans are paid by the annual payments that carry the payment for interest and payment for loan also.

Q: O P 6,999.39

A: Compound interest is used in case of lump-sum money accumulates in the future if interest is charged…

Q: How much interest is earned in 5 years on P50,000 deposited in a bank paying 3% interest per annum,…

A: Compound Interest = P(1+r/n)^nt - PWhere P = Principal = P50,000R = Rate on interest = 3%N = number…

Q: an borrows Php 5000 with the agreement to pay the principal and all accumulated simple interest at…

A: In simple interest there is no interest on interest and interest on principal loan amount only so it…

Q: Find the compound interest earned if PhP 31,496 is deposited in a bank at 2.6% compounded monthly…

A: Present value is the sum of the current value of money of future cash flows. It is also known as a…

Q: Hanzalah took a loan of RMx from Bank ABC at interest rate of 4.5% compounded monthly. After 10…

A: A loan is a debt amount borrowed by one person from another person at a pre-determined interest…

Q: Hanzalah took a loan of RMY from Bank ABC at interest rate of 4.5% compounded monthly.After 10…

A: We need to use compound interest formula to solve this formula A=P(1+i)n Where A=Final payment…

Q: A man bought an equipment costing P65,000 payable in 10 quarterly payments, each installment payable…

A: Loan amount (PV) = P 65000 Number of quarterly payments (n) = 10 Annual interest rate = 24%…

Q: Suppose you borrowed $50,000 at a rate of 8.1% and must repay it in 5 equal installments at the end…

A: Given ,Loan amount , Annual rate , r = 8.1% = 0.081Annual rate , r = 8.1% = 0.081number of…

Q: How much interest interest will be paid by Mr. Scusta Clee, if he borrowed Php515,515 at 3.25% after…

A: The interest earned on the already earned interest along with the principal amount is the compound…

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: If money is worth 9 % simple interest, find the present value of Php 35 000 due from January 15 to…

A: The question is based on the concept of Financial Management. Present value is the discounted value…

Q: man borrowed PhP 300,000 and agreed to pay his bligation by paying 8 equal annual payment of PhP…

A: Loans are paid by the annual payments that carry the payment of interest and payment of principal…

Q: A man made a year-end payment of P100, 000 to an account earning 7% annually   for 10 years. How…

A: Here, Annual Payment = P100,000 Interest rate =7% Total no. of payments = 10 years  Total no. of…

Q: Ali invested 5000 Rials in a saving account that paid quarterly interest. After 6 years the money…

A: answer : let us first not down the information given in the question initial investment = 5000…

Q: Using exact interest, what is the amount due on Php 20,000 invested at 0.09% simple interest for 150…

A: Given: Interest rate =0.09% Days = 150 Days Amount = Php 20,000

Q: A businessman plans on depositing Php 12,500 per month in amount that pay 8% annual interest with…

A: Future value is the value of group of recurring payments for the specified time period with a…

Q: 9. Marissa took a loan of RMY from Bank Perpaduan at interest rate of 6.5% compounded every two…

A: The formula for compound interest is: A=P(1+rn)nt A is the final amountP is the initial principal…

Q: You invested P150,000 in a bank that pays an 13% interest converted monthly. If your account balance…

A: The time for which a certain amount has resulted in a future value can be found using the time value…

Q: Suppose you borrowed $35,000 at a rate of 8.1% and must repay it in 4 equal installments at the end…

A: Loan amount (LV) = $35000 Interest rate (i) = 8.1% Number of annual payments (n) = 4