Complete the table, applying the concepts of Simple Interest. Show your completesolution.Principal (P)Interest Rate (r)Time (t)Maturity Value (A)(1)3.2%6 monthsP 37 000P 140 000(2)18 monthsP 157 700P 75 8008 2 %(3)P 88 600P 340 2007.3%10 years(4)P1 400 5004.4%12 years(5)

Simple interest =A =P(1+r×t)where, A = Maturity valueP=Principal amountr= Rate of interestt=Time

Answered: Complete the table, applying the…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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I. Complete the table. Fil in the blanks of the table involvinga simple interest. PRINCIPAL RATE TIME INTEREST P8,000 1) 7 months P210 P15, 000 4. 8% 2) P300 3) 4. 5% 4 months P500 P1, 000 4) 1 year and 3 months P70 P4, 500 0. 25% 5 and haf year 5)
Find the amount (in $) of interest and the maturity value of the loans. Use the formula MV = P + I to find the maturity value. Principal Rate (%) Time Interest Maturity Value $97,000 8 1 4 4 1 2 years $ $
3. Find the amount (in $) of interest and the maturity value of the loans. Use the formula MV = P + I to find the maturity value. (Round your answers to two decimal places.) Principal Rate (%) Time Interest Maturity Value $185,000 14 1 2 5 months $ $
4.Find the amount (in $) of interest and the maturity value of the loans. Use the formula MV = P + I to find the maturity value. (Round your answers to two decimal places.) Principal Rate (%) Time Interest Maturity Value $145,000 15 1 2 5 months $ $
2. Complete the following Simple Interest table: Principal (P) R200 Interest Time Simple interest (SI) Amount rate (r) (A) 4% 2 years R216 R500 6% 3 years 10% 4 years R160
The principal P is borrowed at a simple interest rate R for a period of time T. Find the loans Future Value A or total amount due at the time. P= 39000 R= 6.5% t= 3 years
The principal P is borrowed at a simple interest rate r for a period of time t. Find the loan's future value A, or the total amount due at time t. P = $3000, r = 8%, t = 4 years $ (Round to the nearest cent as needed.) O
Written Work No.3: SIMPLE INTERESTS etions: Complate the tuhla bolow. Show your solution on a saparate sheet. Maturity Value (P) Principal (P) Rate Time Interest (P) 1 year & 5 months 1. 1,000 3.50% 2. 0.85% 2.25 years 1,250 3. 50,000 0.005% 2,750 4. 36,700 690 5. 10.20% 25.000 950,000 6. 25.000 19.000
The principal P is borrowed at simple interest rate r for a period of time t. Find the loan's future value, A, or the total amount due at time t. P=$4000, r= 7.5%, t= 9 months The future value is $ (Simplify your answer. Type an integer or a decimal.)
10) Compute the simple interest and final amount of each loan Principal Rate Time P 400 7% 1 year P 640 9% 3 months P 985 10% 180 days (ordinary time period) 60 days (exact time period) P 850 6% ABCD Interest ? ? ? ? Final amount ? ? ? ?
The principal P is borrowed and the loan's future value A at time t is given. Determine the loan's simple interest rate r to the nearest tenth of a percent. P = $2000.00, A = $2015.00, t = 3 months .... % (Round to the nearest tenth of a percent.)
II. Complete the table by finding the maturity value. Time (t) Maturity Value (A) Principal (P) Interest Rate (r) 6% 9 mo. P35,600 10% 15 mo. P140,250 P75,800 8 %% 2 yr. P340,200 11% 6 yr. P1,400,500 9% 10 yr.

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Complete the table, applying the concepts of Simple Interest. Show your complete solution. Principal (P) Interest Rate (r) Time (t) Maturity Value (A) (1) 3.2% 6 months P 37 000 P 140 000 (2) 18 months P 157 700 P 75 800 8 ½ % (3) P 88 600 P 340 200 7.3% 10 years (4) P1 400 500 4.4% 12 years (5)