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1. On February 19, 2020, Trisha borrowed 50,000 from a community...

1. On February 19, 2020, Trisha borrowed ₱50,000 from a community cooperative at 9% simple interest. The loan is payable on September 12, 2020. Compute the simple interest using the four methods. How much will be the maturity value if the Banker's Rule is used?


2. Mike deposited on March 12, 2020 at 10.5% simple interest. On September 8, 2020, the fund accumulated to ₱12,630. How much was the amount originally invested?


3. Mr. Tan borrowed ₱15,000 from the faculty fund at 13.25% simple interest for 210 days. How much would he repay at the end of the term if he is charged exact interest?





sent Today at 12:01 PM

1. Determine the final amount and interest if ₱24,500 is invested in an account that earns 8% compounded quarterly for 5 3/4 years.2. How much money should be invested in an account that earns 9.5% interest, compounded monthly, in order to have ₱30,000 in 5 years?


3. How much interest is due at the end of 2 1/2 years on a loan of ₱40,000 today if interest is computed at 7.2% compounded semiannually?


4. Find the compound amount after 5 years and 9 months if the principal is ₱150,000 and the interest rate is 7% compounded annually.


5. What present value, compounded quarterly at 8%, will amount to ₱65, 893.71 in 4 years?


6. Accumulate ₱180,000 for 5 years at 13% compounded semi-annually. (Note: accumulating an amount means finding its maturity value.)


7. How much must Ella deposit in a bank that pays 11% interest compounded quarterly so that she will have ₱400,000 after 4 years?


8. At what interest rate will a principal of ₱9,500 accumulate to ₱15,000 in 2 years compounded semi-annually?

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