Audry has a debt of 335,150 with an interest rate of 5.65% for from the beginning of the month of April and will mature on the end of the month of September. Compute for the following; 11. Interest using approximate time and exact interest method a. 9,625.80 b. 9,338.30 c. 9,468.00 d. 9,493.93
Audry has a debt of 335,150 with an interest rate of 5.65% for from the beginning of the month of April and will mature on the end of the month of September. Compute for the following; 11. Interest using approximate time and exact interest method a. 9,625.80 b. 9,338.30 c. 9,468.00 d. 9,493.93
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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No service B/s 1
Audry has a debt of 335,150 with an interest rate of
5.65% for from the beginning of the month of April
and will mature on the end of the month of
September. Compute for the following;
11. Interest using approximate time and exact
interest method
a. 9,625.80
b. 9,338.30
C. 9,468.00
d. 9,493.93
12. Interest using actual time and Ordinary interest
method
a. 6,625.80
b. 9,468.00
c. 9,338.30
d. 9,468.00
23% 1:14
13. Sol loan a money to bank with 7% simple
interest for 5 months. If the amount of interest
was 6,416.66 find the amount of principal
borrowed.
a. 200,000
b. 210,000
c. 215,000
d. 220,000
14. Jenny has a loan of 190,000 at ordinary interest
of 8% if the amount of interest is 3,800 what
would be the the time period of the loan in one
year?
75 days
80 days
g. 85 days
h. 90 days
e.
f.
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