Determine the Ordinary Simple Interest on P 9600 for 8 months and 8 days if the rate of interest is 15% a) Php 978.41 b) Php 992.00 c) Php 692.00 d) Php 1992.00 e) Php 929.00

Q: Calculate the amount of simple interest payable if a person borrowed $25 500 at a simple interest…

A: Simple interest is the method of calculating interest when the interest earned does not get…

Q: Q7. The annual payment of alorry is 40, 000 Euro find out theloan amount which is granted for4 years…

A: The objective of the question is to find out the loan amount for a lorry with given annual payment,…

Q: 10) Compute the simple interest and final amount of each loan Principal Rate Time A P 400 7% 1 year…

A: Simple interest is that amount of interest which is being charged on the principal amount for the…

Q: A man borrowed P12,000 and agreed to repay it with P4,650.70 interest. If the interest is 6%…

A: Borrowed amount (PV) = P12000 Interest amount = P4650.70 Future value (FV) = 12000+4650.70 =…

Q: Q7. The annual payment of a lorry is 40,000 Euro find out the loan amount which is granted for 4…

A: The objective of the question is to find out the loan amount for a lorry with an annual payment of…

Q: A mortgage of £180,000 is repaid over 20 years by equal monthly payments in arrears. The interest…

A: As per the given information: Mortgage amount = £180,000Repayment period = 20 years by equal monthly…

Q: Troy  borrowed Php271,050 at simple interest of 12.21% for 2 years. Compute for the interest and…

A: Simple interest is one of the form of interest which is being charged on amount borrowed but without…

Q: An obligation of P25,000 with interest of 5% compounded semi-annually must be paid at the end of…

A: Compound interest is the extra interest to the principal amount. In simple it can be defined as…

Q: 3. Find the discount interest on Php 20,000 for 210 days at a discount interest rate of 8 %%. What…

A: Present value: The value calculated at the present date of a future cash flow is termed as present…

Q: At an interest rate of 5% compounded annually, how much will a deposit of P2,000.00 be in 15 years.…

A: To calculate the future value we will use the below formula   Future value = PV*(1+r)t Where PV -…

Q: What is the difference on the total interest payments between a 25 year 5.65% fixed rate fully…

A: The objective of the question is to find the difference in total interest payments between a 25-year…

Q: 7. Find the interest on Php80,500 at 8% simple interest rate for 9½ years.

A: simple interest is calculated as a product of principal amount, rate and the time. i.e P* R*T

Q: Find the discount interest rate if Php15,000 is the present value of Php20,000 which is due at the…

A: We need the discount interest rate given the present value (PV) and the future value (FV). This is a…

Q: Installment Loan How much of the first payment for the installment loan 18% shown in the table will…

A: Data given:: Principal = $2000.00 n= 2 years Interest rate = 18% p.a.   Working Note # 1 Period =2…

Q: ₱1000.00 becomes ₱1500.00 after 5 years when it is compounded semi-monthly. Determine (a) the…

A: Thank you for posting questions. Since you have posted multiple questions, as per the guideline I am…

Q: A. How much is the amount of the loan? B. How much is the payment on the first period? C. For the…

A: The amount of the loan is the stated loan amount. The interest component can be calculated by…

Q: 5. How much interest must be paid on a loan of $4300 at 10% compounded semi- annually for 4 years?…

A: Formula: P x [ 1 + ( R / N )NT P = Principal R = Rate of interest N = Number of compounding periods…

Q: Construct an amortization schedule for a $1.000, 3.5% annual rate loan with 3 equal payments. The…

A: Annual Payment = [PV of Annuity * r] /[1 - (1 + r)-n]

Q: Mr. Subito borrowed Php 4605 from a bank, which he will repay Php 5000 at the end of 10 months. In…

A: Given: Borrowed amount = Php 4,605 Future value = Php 5,000 Number of months = 10 months 6 months…

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: A certain property can be bought with payments of Php 80, 000 at the end of each month for the next…

A: We need to find the remaining liability just before the 10th payment. It's a time value of money…

Q: Calculate the amount of interest that will be charged on $6290 borrowed for 2 months at 10.1%.…

A: Amount Borrowed (P)=$6290Interest Rate (R)=10.1%Time in months (T)=2 monthsRequired:Simple Interest…

Q: A man owes P50,000.00 with interest at 9% payable semi-annually. What equal payments at the…

A: Semi-annual repayment is a payment made every six months to repay the debt amount with a certain…

Q: Engr Dalay is required to pay 66500 pesos at the end of 15 days of 68000 pesos at the end of 60…

A: While calculating the interest rate on treasury bills, only 360 days in a years shall be taken.…

Q: What interest rate was applied for ₱16,400 to earn interest of ₱3,600 invested for 650 days using…

A: Principal Amount (P) = ₱16,400 Interest Amount (I) = ₱3,600 Total Amount Accured (A) = Interest +…

Q: a b C d e Amortization Payment Payment Period every year every 3 months every month every 6 months…

A: The amortized payment can be calculated using the present value of loan, payment frequency and…

Q: A $90,000 reverse mortgage is for 10 years at 8% interest rate where payments are made monthly at…

A: In reverse mortgage, the home owner receives monthly payments as income rather than payment which…

Q: 6. Find the proceeds of a Php 67,500 loan borrowed last February 16 and due on July 25 of the same…

A: As per the simple interest formula interest can be calculated as = (Principle x Rate x Time) / 100…

Q: 12. i) Calculate the amount received from a loan that charges interest in advance by 4% and must be…

A: Interest advance = 4% Here, we'll find P at the end of 3 years.

Q: Determine the monthly payment for the installment loan. Use the installment payment formula m = 1-…

A: Given , Amount of financed , P = $1440Annual percentage rate , r = 8%No.of payments per year , n =…

Q: 4. If Php 35,000 is due on December 16, 2018, find the proceeds on April 20, 2018, if the discount…

A: Discount rate The discount rate in a discounted cash flow  analysis is the interest rate used to…

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: Answer the given problem below. Attach a complete solution. Determine the exact simple interest on…

A: Principal amount (P) = P150000 Period from June 25,2005 to September 2,2006 (d) = 434 days Interest…

Q: Consider a loan of $8,000 charging interest at j12-6% with monthly payments of $321.50 Calculate the…

A: Amount of Loan =$8000 Interest rate = 6% per annum Interest rate per month = 6%/12= 0.50%

Q: O O O O What is 6% loan back in f installme A. P3 O B. P7 C. P2 D. P3

A: The given problem can be solved using PMT function in excel. PMT function computes amortization…

Q: Find the quarterly payment.

A: Information Provided: Amount owed = 5000 Period = 8 years Interest rate = 10% payable quarterly