Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1. On August 6 , Gaby went to the MSS Bank and took out a loan for P85,000 at 10% ordinary interest rate for 90

image text in transcribed 1. On August 6 , Gaby went to the MSS Bank and took out a loan for P85,000 at 10% ordinary interest rate for 90 days. What is the maturity value at the end of the loan? 2. Determine the exact and ordinary interest on P15,800 at 12% from January 9,2017 , to June 24 of the same year 3. Find the exact and ordinary interest on P17,600 at 9.5% from December 3,2014 , to June 24, 2015. 4. Give the exact interest on P15,750 at 9% simple interest for 185 days. 5. Find the interest earned at the end of 4 years if P36,700 is invested at 12% compounded bimonthly. 6. At what nominal rate compounded quarterly for 7 years will P40,000 accumulate to P95,000 7. Ruel Dayrit deposited P6,300 in a commercial bank paying 12% compounded continuously. How much would he have at the end of 5 years. 8. When will P15,700 increased by P3,400 if money is worth 17% compounded continuously? 9. Determine the future value and interest amount if P29,400 is invested at 12% compounded quarterly for 3 years

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions