misseylaLv10in Mechanical Engineering·10 Jul 2022If the nominal interest rate is 3%, how much is P5000 worth in 10 years in a continuously compounded account?
misseylaLv10in Mechanical Engineering·10 Jul 2022P500,000 was deposited at an interest of 6% compounded quarterly. Compute the compound interest after 4 years and 9 months
misseylaLv10in Mechanical Engineering·10 Jul 2022A man expects to receive P25,000 in 8 years. How much is that worth now considering interest at 8% compounded quarterly?
misseylaLv10in Mechanical Engineering·10 Jul 2022BY the condition of a will, the sum of P2000 is left to a girl to be held in trust fund by her guardian until it amount to P50000.00. When will the girl receive the money of the fund is invested at 8% compounded quarterly?
misseylaLv10in Mechanical Engineering·10 Jul 2022A nominal interest of 3% compounded continuously is given on the account. What is the accumulated amount of P10,000 after 10 years?
misseylaLv10in Mechanical Engineering·10 Jul 2022A man borrows money from a bank which uses a simple discount rate of 14%. He signs a promissory note promising to pay P500.00 per month at the end of 4th, 6th, and 7th month respectively. Determine the amount of money that he received from the bank
misseylaLv10in Mechanical Engineering·10 Jul 2022The amount of P12800 in 4years at 5% compounded quarterly is _____.
misseylaLv10in Mechanical Engineering·10 Jul 2022Compute the discount if P2000 is discounted for 6 months at 8% simple interest
misseylaLv10in Mechanical Engineering·10 Jul 2022A man is required to pay P200 at the end of 160 days or P190 at the end of 40 days. Determine the rate of interest.
misseylaLv10in Mechanical Engineering·10 Jul 2022An engineer promised to pay P36,000 at the end of 90days. He was offered a 10% discount if he pays in 30 days. Find the rate of interest
misseylaLv10in Mechanical Engineering·10 Jul 2022A man borrowed P2000 from a bank and promise to pay the amount for 1year. He received only the amount of P1,920 after the bank collected an advance interest of P80. What was the rate of discount and the rate of interest that the bank collected in advance?
misseylaLv10in Mechanical Engineering·10 Jul 2022If you borrowed money from your friend with simple interest of 12%, find the present worth of P50,000 which is due at the end of 7months
misseylaLv10in Mechanical Engineering·10 Jul 2022A deposit of P110,000 was made for 31days. The net interest after deducting 20% withholding tax is P890.36. Find the rate of return annually.
misseylaLv10in Mechanical Engineering·10 Jul 2022On March 1, 1996 Mr. Sarmiento obtains a loan of P1500 from Mr. Avila and signs a note promising to pay the principal and accumulated simple interest at the rate of 5% at the end of 120days. On May 15, 1996, Mr. Avila discounts the note at the bank whose discount rate is 6%. What does he receive?
misseylaLv10in Mechanical Engineering·10 Jul 2022In buying a computer disk, the buyer was offered the options of paying P250 cash at the end of 30days or P270 at the end of 120days. At what rate is the buyer paying simple interest if he agree to pay at the end of 120days?