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please help me to answer all the questions thank you very much Evaluation Basic Savings Account 1. Find the interest earned after 3 years if
please help me to answer all the questions thank you very much
Evaluation Basic Savings Account 1. Find the interest earned after 3 years if P12,000 is deposited in a savings account which earns 5% simple interest. 2. At what simple interest rate is P16,500 invested if it earns an interest of P1620 just after 1.5 years? 3. What is the maturity value of a P75,000 in a three year investment earning 5% interest compounded monthly? 4. Find the compound amount after 5 years and 9 months if the principal is P150,000 and the interest rate is 7% compounded annually Evaluation Money Market You wanted to tract the record of your P250,000 money market account. The first week APR is 3.75%. The second week APR is 3.25%. What is the total ending balance of your account in the 14th day? Evaluation Time Deposit 1. How much actual interest is earned (net of 20% tax) after 35 days if P100,000 is placed in a time deposit earning 2.5% per annum? 2. If the initial deposit is P1.8 M and the rate is 1.625% per annum, find the interest earned(net of 20% tax) after 91 days. The bank uses 1 year = 360 days. 3. Joey has P500,000 and is looking around for a bank where he can leave his money for six months so it can earn interest via time deposit. Help him complete the table so he can decide which bank to choose. Bank Interest Rate Divisor Interest for Interest after 181 days taxes BPI Direct 2.25% /365 Korean Bank 2% /365 DBO /360 /360 SPBank /360 Cosmobank 1.625% 1.25% 0.5%Step by Step Solution
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