Toni decides to pay off a 12% interest Php 25,000.00 loan ahead of time. The lending institution tells her that she owes Php 986.31 interest. If the lending institution uses a 365-day year, for how many days is she being charged for interest?

Q: Leo Jeriel borrowed Php 3,785 from a friend and promised to repay him in 9 months plus 12% interest.…

A: We want to find simple interest

Q: What interest rate was applied if a loan of ₱65,468 will amount to ₱125,000 borrowed for 2.5 years…

A:

Q: Mark paid Php. 12,000 after 2 years for barrowing Php. 10,000. What is the simple interest rate…

A: Given: Total Amount Paid A=12000Time T=2 yearPrincipal Amount P = 10000Rate of Interest = ?

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: What is the total cost of a house you purchased with $20,000 as a down payment and monthly payments…

A:

Q: The amount at the end of 5 years for a monthly deposit of Php1000 at 5% converted at the end of each…

A:

Q: A student loan of R25000 is to be repaid by regular monthly installments over 60 months. If the…

A:

Q: Bill borrows 3500 dollars, to be repaid with 12 equal monthly payments, the first coming 6 months…

A:

Q: Discount ₱15,800 for 11 months at 14.25%simple interest.

A:

Q: Find the full amount if Php67, 300 deposited in the bank for 12 years at 3.15% rate

A: first calculate the interest using the formula S.I =PRT where S.I is the simple interest T is the…

Q: What amount of money will be borrowed in order to accumulate ₱94,200 invested for 1050 days paying…

A:

Q: What is the present value if after 6 years the money earns Php85, 200 at 8.25% rate?

A: Note that since we are only given the rate 8.25% and nothing more is specified, the rate is assumed…

Q: Ms. Angeles borrowed Php 500,000 from Gabz bank. If the bank changed Php 27,245 interest for the use…

A: Consider the formula for simple interest I=PRT, where I is the interest, P is the principal, R is…

Q: A college student borrows 6200 for nine months to pay for a semester of school if the interest is…

A:

Q: In order to save for his tuition fee, Ms. Snow decided to deposit Php 300.00 every month if the bank…

A: We will use compound interest formula on recurring deposits to find the answer

Q: A car loan with a face value of Php1,300,000.00 has to be purchasedwith a downpayment so that a…

A: Given that Face value of car is Php 1300000.00 Monthly payment is Php 1500.00 Time t=5 years=60…

Q: Marina had an accident with her car and the repair bill came to $900. She didn’t have any emergency…

A:

Q: f you are planning to apply for a personal loan and borrow PhP 30,000 and repay the principal and…

A: Given that an amount of 30,000 is provided by a bank as loan at different interest rates  for a…

Q: A loan of P95,000 is borrowed for 240 days at a simple interest rate of 12.3 percent per year. What…

A:

Q: Craig and Tammy recently sold their home for $247,000. Their loan balance is $134,850. What is their…

A: Given Selling price = $247,000 Loan remaining ( that has to be paid off)  = $134,850

Q: Find the simple interest rate of the principal of Php. 15,000 with simple interest of Php. 30,000…

A: Given: Simple interest I=30000 Time (years) t=5 Principal Value P=15000 We have to find Simple…

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: What is the simple interest due on a 120-day loan of Php7000 if the annual interest rate is 5.25%?

A:

Q: Ric borrowed Php 100,000.00 from a bank. Ric's interest is Php 1,000.00 for 90 days. What rate…

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Q: The cost of an engine is RM77,000. The declining balance method is used for computing depreciation.…

A: