Don borrows ₱5000 for 2 years at 4% per annum simple interest. He immediately lends it to another person at 6 1/4 % per annum for 2 years. Find his gain in the transaction per year

Q: Alex invests 500 dollars compounded daily for 3 years. If he has 600 dollars at the end, what was…

A: Given problem is :   Alex invests 500 dollars compounded daily for 3 years. If he has 600 dollars…

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Q: At the end of 6 months, Mr. White pays Php 12,500.00 per month to the bank for 5 years for the car…

A: Given:  P(Principal amount per month)=$12500 R(Rate of…

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Q: When Jack started his job working for an idustrial manufacturing company, he contributed $680 at the…

A: According to the given information it is required to find how much money Jack would have at the end…

Q: Find the interest for a principal of $8883, rate 9.3% and 5 years.

A: According to the question,  We have: Principal = P = $8883 Rate of Interest = R= 9.3% Time period =…

Q: Russell invested 50,000 pesos in a bank that pays 8% compounded quarterly for 5 years. How much is…

A: We used the formula A=P(1+r/n)^(nt)

Q: With your 13th month pay of ₱25,000, you plan to buy a new laptop that costs exactly ₱25,000, but…

A: Given, P = 25,000 Rate of interest = 4% compounded monthly Time = 1 year To calculate compounded…

Q: A person borrows 6000 Dollar and agrees to repay the loan in monthly installments over 5 years the…

A: Thanks for the question :)And your upvote will be really appreciable ;)

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Q: You want to lease a condominium. The lease costs P220,000 this year and it will increase by 5% a…

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Q: Find the interest paid by veronica on P35,000 that she borrowed for 2 years at 15% simple interest.

A: Given: P=$15000t=2 yrsr=15%