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Simpleinterestsolution To Assignment

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270 views19 pages

Simpleinterestsolution To Assignment

Simple

Uploaded by

james escriba
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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1. If you borrowed money from your friend with a simple interest of 12 %, find the present worth of (150,000; which is due at the end of 7 months. Giver fi =S0-QO p= eo ca. & zt a iS fg “eX GS eB yRED: pe 46, REIZ Pp? cow OW Fe Prt GO = P:(212YC x é) +P 2. A price tag of 111200 is payable in 60 days but if paid within 30 days it will have a 3% Gisee unt. Find the rate of interest. nao Frahm, 2 eo 20 Kod tes = page —t——— Lp = Dogs g {Bo 4 = 3% tes -ta = b= BW r = Ssdys pate op ere” (7 Aa $200.08) = FO Cerin. + = /20D- 26 =.) pa Prt |r=a7oh\ T_ 36 y= PC Pe [4eF &) ped 3. It is the practice of almost all banks in the Philippines that when they grant a loan, the interest for one year is automatically deducted from the principal amount upon release of money to a borrower. Let us, therefore, assume that you applied for a loan with the bank and the (180,000.00 was approved at an interest rate of 14% of which (111,200.00 was deducted and you were given a check of 168,800.00. Since you have to pay the amount of 180,000.00 one year after, what then will be the effective interest rate? ee fp 0.000, 2 weturron err - “ ~ Fa L r= |47o Tet 2 . Zo. M2022 TP eee erp ~ cEeae = @ ‘ oe fe = 07622 4.22), devect ete off]ectite jante(et VAS offect ve in 4. A businessman wishes to earn 7% on his capital after the payment of taxes. If the income from an available investment will be taxed at an average rate of 42%, what minimum rate of return, before payment of taxes, must the investment offer be justified? cen s Ke 7% rere hz o > Ix = AZ fe r 3 ~e@o- d r- a por of cera. Cr Phot = p ore oo? | T/- 0.92) _ oo Sse T= [et + bx 7 = LEED < —_o07 P - Se =O/2) or RIG 5. A 14,000 is borrowed for 75 days at 16% per annum simple interest. How much will be due at the end of 75 days? ensn a Ts Pre pr ys 4 = 7 4008 fe p (ert) p= 4% = <|,000( /+- 642) oe Fis ete 32 ator”) Fe P+ RL 6. Agnes Abanilla was granted a loan of (120,000 by her employer CPM Industrial Fabricator and Construction Corporation with an interest of 6% for 180 days on the principal collected in advance. The corporation would accept a promissory note for (20,000 non-interest for 180 days. If discounted at once, find the proceeds on the note. clen co to ee = precede = P RD qd = G/o 4 = 120 dy peel. precede OLWTION « Ppracedk

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