Q1. Vishal deposited $ 1,00,000 in his bank for2 years at SI rate of 6%. What will be the final value of the investment?

Q2. A sum of $ 46,875 was lent out at SI and at the end of 1year 8 months, the total amount was $50,000. Find the rate percent per annum.

Q3. Find the purchase price of a 91-day treasury bill that matures at $5000 if the T-bill is sold to yield an annual interest rate of 4.5%.

Q4. Find the maturity value of an interest-bearing promissory note that matures in 160 days. The face value of the note is $1560, and the stated interest rate is 7%.

Q5. A secured line of credit:

1. is backed up by pledged assets
2. is not backed up by pledge assets
3. has a higher interest rate than an unsecured line of credit
4. has a lower limit than an unsecured line of credit

Q6. What is the due date of a $1300, five-month note with interest at 7% dated February 3, 2017?

Q7. A 91-day Canada T-bill with a face value of $10 000 yields an annual rate of return of 3.15%. If the T-bill was issued on March 1, 2017, what is the maturity date?

EQUATION FOR REFERENCE

1. Accumulated value S= P (1+rt)FUTURE VALUE, T=month/12
2. Present Value - P=S/ (1+rt)
3. Before focal date, compute future value - S=P(1+rt)
4. Calculate amount of interest - I=Prt, T=month/12
5. How many months to earn interest - T=I/Pr
6. Maturity Value - S=P (1+rt), t=?

NOTE: When calculating the exact number of days to determine the leap year (366 or 365days a year), just USE to Google search and type: example: How many days from Jan 25, 2016 to Oct 30, 2016 = 279days