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Find the simple interest on a loan of P65,000 if the loan is given at a rate of 20% and is due in 3 years.

Find the simple interest on a loan of P65,000 if the loan is given at a rate of 20% and is due in 3 years.

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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1. Find the simple interest on a loan of P65,000 if the loan is given at a rate of 20% and is due in 3 years. 2. Amparo invested a certain amount at 10% simple interest per year. After 2 years, the interest she received amounted to P3,000. How much did she invest? 3. Miko borrowed P25,000 at 10% annual simple interest rate. How much should he pay after 3 years and 6 months? 4. How long will 1 million pesos earn a simple interest of 200,000 at 2% per annum? 5. How long will an amount of P50,000 gain a simple interest of P10,000 at 4% per annum? 6. What is the future value if Yana accumulated P1,200.00 for 2 years at 3% per quarter simple interest? 7. At what simple interest rate per annum will P20,000 accumulate to P25,000 in 3 years? 8. Emil lent P5,000.00 at 15% for 7 months. How much will he get at the end of the term? How much interest did he earn? 9. How much money should you deposit in a bank so that it will accumulate to P100,000 at 1% simple annual interest for 10 years? 10. Dennis invested P15,000 at 13% interest for 3 years. What is the interest and maturity value?
Transcribed Image Text:1. Find the simple interest on a loan of P65,000 if the loan is given at a rate of 20% and is due in 3 years. 2. Amparo invested a certain amount at 10% simple interest per year. After 2 years, the interest she received amounted to P3,000. How much did she invest? 3. Miko borrowed P25,000 at 10% annual simple interest rate. How much should he pay after 3 years and 6 months? 4. How long will 1 million pesos earn a simple interest of 200,000 at 2% per annum? 5. How long will an amount of P50,000 gain a simple interest of P10,000 at 4% per annum? 6. What is the future value if Yana accumulated P1,200.00 for 2 years at 3% per quarter simple interest? 7. At what simple interest rate per annum will P20,000 accumulate to P25,000 in 3 years? 8. Emil lent P5,000.00 at 15% for 7 months. How much will he get at the end of the term? How much interest did he earn? 9. How much money should you deposit in a bank so that it will accumulate to P100,000 at 1% simple annual interest for 10 years? 10. Dennis invested P15,000 at 13% interest for 3 years. What is the interest and maturity value?
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