Question
help me with this no need for long explanation If the loan is amounted to Php 21,000 for 220 days, find the original loan if
help me with this no need for long explanation
If the loan is amounted to Php 21,000 for 220 days, find the original loan if interest rate is14.75 % to the nearest whole number.
Select one:
a.Php 19,264
b.Php 18,987
c.Php 19, 286
d.Php 16,970
e.Php 18,933
Question22
Teresa Villa borrowed Php 9,000 on Apr. 18, 2000. She repaid the loan on October 7, 2000 with interest at 10 %. Find the amount that she repaid. ( Banker's Rule )
Select one:
a.Php 9,438.38
b.Php 9,451.50
c.Php 9,046.77
d.Php, 9,543.65
Question23
On Feb. 5, a man borrowed Php 5,000 at 12% interest, the loan was repaid on June 18 of the same year. Assume that the year falls on leap year. Find the simple interest using Banker's Rule.
Select one:
a.Php 221.00
b.Php 207.12
c.Php 223.33
d.Php 208.77
e.Php 221.67
Question24
Freddie borrowed Php 56,000 and promised to pay the amount at 15% compounded quarterly at the end of 6 year. At what simple interest rate would he borrow, with the agreement to make a single payment including all interest at the end of 8 years? (answer in two decimal places)
Select one:
a.17.74 %
b.17.47 %
c.1.77 %
d.7.47 %
e.7.74 %
Question25
You want to deal a great investment proposal where you are offered 25% annually for ever. How long would it take to increase 1000 to 10000.
Select one:
a.less than 10 years
b.more than 9 years
c.less than 10 years
d.more than 11 years
e.more than 10 years
Question26
What simple interest rate is equivalent to 6% compounded monthly for 5 years
Select one:
a.6.977 %
b.9.977 %
c.7.977 %
d.8.977 %
e.10.977 %
Question27
An investment of Php 6,000 was placed for 3 years at 4.25 % compounded annually. How much more would be collected if the investment was compounded quarterly? (answer to thenearest centavo)
Select one:
a.Php 52.29
b.No more
c.Php 32.97
d.Php 46.33
e.Php 13.36
Question28
Manuel dela Cruz purchased a lot and agreed to pay Php 11,600 every month for 1 1/2years as downpayment. If the lot cost Php 950,000 at 9% compounded monthly for 20 years, what is the cash price of the lot? (to the nearest centavo )
Select one:
a.Php 605,449.23
b.Php 605,494.23
c.Php 362,944.23
d.Php 366,892.20
e.Php 606,140.87
Question29
An amount of Php 12,000 is invested for a period of 9 months at 3 % compounded monthly. The compound interest formula to calculate the future value of an investment over a period of time. The value of t would be
Select one:
a.3
b.1/12
c.12
d.9/12
e.9
Question30
Mrs. Abede borrowed Php 8,500 from Myra Bebe at 9% compounded monthly, but was unable to pay the interest for the first 2 years. How much should Mrs. Abede pay Bebe in order to continue at the original principal?
Select one:
a.Php 1,669.52
b.Php 2,342.80
c.Php 1960.56
d.Php 10,169.52
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