Enrichment Activity 2 Solve the following problems. a.) Find the interest and maturity value of a loan for Php 120,00 at 4.5% simple interest for 2 years. b.) the Bank for 8 years that pays 0,3% simple interest. c.) What is the intesest rate per annum of a Php 30,000 for 3 years that accumulate to Php 48,000? d.) 3.5%. How much should Mrs. Ong invest? How much will be th e money of Mr. Kho if he will deposit Php 600,000 in If Mrs. Ong wants to have Php 500,000 in 5 years with simple interest of
Enrichment Activity 2 Solve the following problems. a.) Find the interest and maturity value of a loan for Php 120,00 at 4.5% simple interest for 2 years. b.) the Bank for 8 years that pays 0,3% simple interest. c.) What is the intesest rate per annum of a Php 30,000 for 3 years that accumulate to Php 48,000? d.) 3.5%. How much should Mrs. Ong invest? How much will be th e money of Mr. Kho if he will deposit Php 600,000 in If Mrs. Ong wants to have Php 500,000 in 5 years with simple interest of
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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Question
Transcribed Image Text:Enrichment Activity 2
Solve the following problems.
a.) Find the interest and maturity value of a loan for Php 120,00 at 4.5%
simple interest for 2 years.
b.) How much will be the money of Mr. Kho if he will deposit Php 600,000 in
the Bank for 8 years that pays 0,3% simple interest.
c.) What is the interest rate per annum of a Php 30,000 for 3 years that
accumulate to Php 48,000?
d.) If Mrs. Ong wants to have Php 500,000 in 5 years with simple interest of
3.5%. How much should Mrs. Ong invest?
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