Margaux borrowed 20,000 php from a lending corporation that charges 15% interest with an agreement to pay the principal and the interest at the end of a term. If she paid 45,500 php at the end of a term, for how long did she use the money? 8.5 years

Q: Mr. oniel borrows $750 for 4 months at 6% interest how much interest does he pay.

A: Given,            Mr. oniel borrows $750 for 4 months at 6% interest.To find : How much interest…

Q: Mr. Tan borrowed ₱15,000 from the faculty fund at 13.25% simple interest for 210 days. How much…

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Q: ow much interest is charged when ₱50, 000 is borrowed for 9 months at an annual interest rate of…

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Q: Juan purchases an annuity for 4140 dollars that will make 17 annual payments, the first to come in…

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Q: To pay for his debt at 12% compounded semi- annually,Analuz arwena commuted for 8 quarterly payments…

A: Given interest : 12 % compounded semi annually. Total quaterly payments = php 24,491.28 To…

Q: You loaned a friend 1000.00 at simple interest of 4%. If total interest your friend paid was 150.00,…

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Q: How many months in an 11.5 year loan?

A: While calculating months. 0.5 year is equal to 6 months.

Q: Find the principal if the interest is ₱3500, the rate is 4.5% and the time is 1.75 years.

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Q: How much should Winona deposit in his savings account so that he will be able to withdraw ₱580,450…

A: We will find out the required value.

Q: maria borrows $2,000 from her cousin and agrees to pay her back in 6 monthsat a 3% simple interest…

A: Principal amount is $2,000Rate of simple interest is 3% per year, andTime is 6 months, that is 0.5…

Q: Mr. Nelson had to borrow $1500 to purchase a new water heater after the snowpacalypse. The loan had…

A: Question is related to interest.

Q: Pedro d. Magulabtang wants to have an amount of ₱750,000 at the end of 5 years and 9 months for now.…

A: Future value of ordinary annuity FV=R1+in-1i where R is regular deposit i is periodic interest rate…

Q: timothy puts in $300 in a bank that pays 7% in interest rate. If he leaves his intrest  from the…

A: Given that, The principle amount is p=$300 The rate of interest is R=7%  Since he leaves his…

Q: a car costs $12500 and youre offered a loan that requires $800 down and a monthly payment of 228.29…

A: Monthly payments of 228.29 for 66 months contribute to 228.29*66 = 15067.14   And 800 down payment.…

Q: present value of the loan

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Q: Imelda took a loan of Php950,000 from a financial institution to purchase a TV set. If the the…

A: Formula of compound interest: A=P1+rnnt where, A= Final amount P= Initial amount r= rate of interest…

Q: Sofia obtained a house of 25-year mortgage for Php2,150,000. If his monthly payment is Php 15,500,…

A: Given that: Sofia obtained a house of 25-year mortgage for Php2,150,000. His monthly payment is Php…

Q: Find the principal invested if $495 interest was earned in 3 years at an interest rate of 6%.

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Q: A loan of 50,000 Php is to be paid in 3 years at the amount of 65,000 Php. What is the simple…

A: 15000 Php

Q: Melissa Silva borrowed $6300 from the bank. If she has already repaid 4/7 of the loan, what is the…

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Q: Jill has a loan of $1600 . If she is charged 2% simple interest per month, how much interest is she…

A: The formula to calculate the amount on simple interest is given below: A=P(1+rt) where, A is the…

Q: John opened a savings account with $900 and was payed simple intrest at an anual rate of 5%. When…

A: Given that the initial payment is =P= $900 Interest rate= r= 5%= 0.05  time=t= ? Interest = I= $135…

Q: 8. Savings Bank charges a monthly fee of $8 for a checking account and online banking. There is a…

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Q: Richard Porter pays $83.72 per month to pay back a loan, including interest, of $4,018.56. In how…

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