How much money was originally invested?
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When invested at an annual interest rate of 7%, an amount earned Php11,200 of simple interest in 2 years. How much money was originally
invested?
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- 2. When invested at an annual interest rate of 7%, the amount earned ₱11,200.00 of simple interest in 2.5 years. How much money was originally invested?1. Mr. Pat Met invested in a bank having an annual payment of Php 100,000 for three years at a 4% annual interest rate. a. How much is the future value? b. Find the total interest earned on the investment.Assume that 1500 Php is deposited in an account in which interest is compounded annually at a rate of 6% for 5 years. How many times is compunding done in a year. What is the initial or rincipal amount. then what is the rate of interest?
- Suppose that $8000.00 was invested in a savings account that paid 2.5% interest compounded quarterly. How much interest would be earned after 3 years?If Php 1,000 becomes Php 1,811.36 after 5 years when invested at an unknown rate of interest compounded bi-quarter, determine the effective rate of interest.What is the compound amount and interest if Php 10,000 is invested at 3.6% compounded monthly for 2 years?
- Mr Dela Cruz deposited ₱18,980.00 from the project you’ve earned in a time deposit account with your savings bank at a rate of 1.25 per annum. This will mature in mature in two years. Compute for the interest and the total amount to be collected.An account was opened with an investment of OMR2,000 10 years ago. The ending balance in the account is OMR3,500. If the interest was compounded annually, what rate was earned on the account?Suppose that Php2,000 is deposited at a compound interest rate of 6% annually. Find the total account value after 12 years
- $1024 invested into an account that pays 1.56% interest compounded daily, for 4 years. a) What is the value of the investment after 4 years? b) How much intested was earned?2. Deposit the principal amount of P10,000 into a savings account that pays interest at the rate of 5%. What is the amount in the account after 1 year if the account is: a. compounded annually b. compounded semi-annually c. compounded quarterly d. compounded monthly e. Which is advantageous to the investor?You opened an account with an investment of $1,000 10 years ago. The ending balance in the account is $1,500. Given annual compounding, what interest rate was earned on the account?