Solve the following problems. Show yoursolutions1. Mang Juan borrowed money to start abusiness. The bank told him that he has to paya simple interest of 5% for 6 months on theamount he borrowed. If Mang Juan borrowedP10,000, how much interest does he have topay on the 6th month? How much is the totalamount he has to pay on the 6th month?Interest to pay on the 6th month:Total amount to be paid on the 6th month:2. Mr. Seniro invested Php 150,000 at 5% for 8years and another Php 150,000 at 8% for 5years. Which investment will yield higherinterest and by how much?

Given Mang Juan borrowed money to start a business . the bank told him that he has to pay a simple…

Answered: Solve the following problems. Show your…

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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johnny needs to borrow $2000 to replace a mirror in his dojo, Cobra Kai. He can get a loan from the bank for 2 years with an interest rate of 7% compounded monthly. His frenemy Daniel Larusso has offered to loan him the money for 2 years at 6% simple interest. Which is a better deal and why? Use math to support your answer.
Dick and Jane are getting ready to purchase a new home. they are looking to take out a 30 year lone and know the current rate is 45% if they can afford to pay $1000 monthly payments ignoring other costs, than how much money can they borrow for the home purchase
17. For the following questions, find a projection matrix P that projects b onto the column space of A, that is, Pb E col(A) and b - Pb is orthogonal to col(A). (i) A = 00] 0 1 0 001 0 0 b = 1 (ii) A = 1 -2 4 -1 1 1 4 7 b =
A refrigerator costs $1600 cash. It may be purchased for $100 down and 24 easy monthly of $80 each. What are the finance charges (total interest)?.
Louie, the Loan shark, is willing to lend money to John, the construction contractor, however he wants to quadruple his money in 16 weeks. If Louie loans John $1,300.00, what weekly interest rate must Louie charge to get quadruple his money?
Suppose that under your health insurance policy, hospital expenses are subject to a $750 deductible and $150 per day copay. You get sick and hospitalized for 4 days, and the bill (after your insurance discounts are applied) comes to $6250. How much of that hospital bill will you have to pay yourself.
How much will a U.S. Treasury bill be worth after 11 months if it was bought for $4,000 and earns 3.7% simple interest?

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Solve the following problems. Show your solutions 1. Mang Juan borrowed money to start a business. The bank told him that he has to pay a simple interest of 5% for 6 months on the amount he borrowed. If Mang Juan borrowed