man borrowed some money from a private at 5 % simple interest per annum. He landed this money to another person at 10% compound interest per annum, and made a profit of Php 36963 in 6 years. How much he borrowed

Q: Tom borrowed 300,000 for his son Remy's law school tuition at the University of Missisippi. Tom…

A: We need to use Simple interest formula to calculate maturity value of loan. A =P(1+r*t) where A=…

Q: A farmer borrowed a loan at an interest rate of 50% per annun. In 3 years he has not paid anything…

A: Owed amount (FV) = 675 Interest rate (r) = 50% Period (n) = 3 Years

Q: Assume your uncle died one year ago and had left you the money in his saving account at that date.…

A: Amount Deposited 16 years back = PKR 550,000 Years(n) = 16 Interest Rate (r) = 13%

Q: Fernando invested money in a 3-yr CD (certificate of deposit) that returned the equivalent of 6.5%…

A: A Certificate of Deposit (CD) is a type of savings account offered by banks and other financial…

Q: Sam owns the bank some money at 5% per year. After half a year, he paid 15 dollars as interest. HOW…

A: The banks gives the loan to the customers but the charge the interest on the loan and customers have…

Q: Vijay

A: The objective of the question is to find out how much money Ms. Burke invested in each of the two…

Q: Dan invested Php 25,000 in a time deposit account that earns 1.25% simple interest rate for 30 days.…

A: In finance interest can be simple interest or compound interest. Simple interest is that interest…

Q: Laura borrowed a total of $25,000 from two different banks to start a business. One bank charged the…

A: Given in the question:Total Loan Amount = $25,000Interest rate of one bank = 3%Interest rate of…

Q: You borrowed $5,646 from a bank, which charges 7.8% interest per year. How much interest did you owe…

A: Principal =$5646 Interest = 7.8%

Q: A person invested two amounts in a bank for a full year. From the first, the rate is 6% annually,…

A: Let the 1st amount be x and 2nd amount be y

Q: 1. Mr. Sosa borrowed Php. 1,500,000 for the purchase of a car. If his monthly payment is Php.27,000…

A: We take loans to buy expensive things like a house or a car which otherwise we could not have bought…

Q: Fernando invested money in a 4-yr CD (certificate of deposit) that returned the equivalent of 5.2%…

A: Interest The income or return earned from an investment is called interest. The main aim of the…

Q: Your cousin deposited some money into an account earning 4.75% interest, compounded daily, three…

A: Interest Rate (rate) = 4.75%Type of compounding = DailyNumber of times interest compounded in a year…

Q: You acquired the following capitals for your own business. $100,000 comes from your family, which is…

A: WACC means weighted average cost of capital.It can be computed as follows-WACC = ( F1 × W1) + (F2…

Q: Mr. Lima borrowed ₱50,000 from a lending firm to start a mini-store business. If the firm charges…

A: Solution: Simple interest is computed as = P*R*T Where, P = Principal amount borrowed R = Rate of…

Q: Jow just bought a new Toyota Cross for his business. The price of the vehicle was RM128,000. Jimmy…

A: Present Value of Annuity Due refers to a concept which determines the value of cash flows at present…

Q: K Ms. Burke invested $30,000 in two accounts, one yielding 6% interest and the other yielding 9%. If…

A: Amount invested refers to an amount that is being invested by the investors for the purpose of…

Q: Sonny, who invested P15,500 had P19,900 returned to him 4 years and 4 months later. At what rate of…

A: Time Value of Money :— According to this concept, value of money in present day is greater than the…

Q: Sixteen Months after borrowing money, Ronron Cayabyab Pays an interest of ₱8,426. How much did he…

A: Simple compound interest calculation is a technique for calculating the portion of interest paid to…

Q: 1. Larry borrowed $1,000 through a loan shark, two years later he ended up paying $1,500 to settle…

A: The Present Value refers to a concept that states the discounted value or say value at today's time…

Q: Mr. Chua invest 45,000 into two different accounts which pay 7% and 8% annual interest. If he earned…

A: solution  the rate of interest = 7% and 8% total amount invested =45000 we need to find out the…

Q: Steve borrowed $9,000 at a simple interest rate of 8 7/8% for 5 years. How much interest does he owe…

A: Principal Amount = p = $9000Interest Rate = r = 8 7/8 = 8.875%Time = t = 5 Years

Q: Mukesh Ltd has received £65,661 after investing for 6 years at an annual interest rate of 6.5%. What…

A: Solution:- We know, when some amount is invested somewhere, it earns interest on it. The amount…

Q: Casey purchased a machine for $28,500 for his company. He paid 5% of this amount as a down payment…

A: A loan is a contract between two parties where money is exchanged on the promise of future repayment…

Q: Kween Yazmine's mother borrowed Php35,000 to fix their car. The bank charges 5% interest for two…

A: Borrowed amount (PV) = Php 35,000 Interest rate (r) = 5% Period (n) = 2 Years

Q: John bought a condo for RM 630,000. He made a 15% down payment and financed the balance through a…

A: MONTHLY PAYMENT: PMT=P×rm1-1+rm-m×n p=loan amount (principal) m=frequency of compounding n=number of…

Q: Lawrence borrowed some money 5 years ago at 15% interest compounded semiannually. He paid Php 6,700…

A: Interest means the extra amount which we received because of investment made and will be paid in…

Q: Mark borrowed 350,000 pesos from Anthony with a 11.23% simple interest rate. How much money will…

A: Here, Borrowed Amount is 350,000 pesos Simple Interest Rate is 11.23% Time Period is 5 years

Q: How much interest will Galvin pay?

A: Loan payment refers to the net amount that a borrower pays to the lender in exchange of principal…

Q: Sonny who invested ₱45,800 had ₱82,420 returned to him 4 years and 4 months later. At what interest…

A: Future Value: The future value is the value of annuity or the sum lump amount after a certain period…

Q: Adlina Rose took a housing loan that charged 6.25% compounded monthly to buy a new bungalow. She…

A: The borrowed amount refers to the total amount of money that an entity (such as a corporation or…

Q: Mr. Velasco got a 700,000 loan for the expansion of his business payable monthly in 4 years. How…

A: The monthly amortization on a loan refers to the monthly payment on the loan, which is needed to be…