On October 31, 2019, Strongman Samson borrowed P100,000.00 from Pretty Delilah subject to an interest rate of 6% per year until full payment. If Samson is able to pay both the principal and the interest on March 10, 2020, how much should Samson prepare in order to satisfy his agreement with Delilah?
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- Charlie Chaplin borrowed P100,000.00 on October 31 2019 from Mr. Beans and the loan has an interest rate of 6 % per year until full payment. How much should Chaplin pay Bean on March 10, 2020 in order to fully satisfy the obligation?On June 26, 2019, Naomi obtained a loan of P150,000 from a local businessman. The interest rate on the loan was 7.75% and it is to be paid on November 15, 2020. What is the Ordinary simple interest using exact time?1. On November 20, 2021, JD borrowed Php36,500 from Migs. He promised to pay the principal and 11.75% simple interest on September 19, 2022. How much will Migs receive on the said date?
- On July 12, 2019, Veronica borrowed P100,000 and agreed to pay the interest at 7% compounded monthly. How much must she pay if she wanted to discharge this debt on April 12, 2020?Otto Co. borrows money on April 30, 2019, by promising to make four payments of $13,000 each onNovember 1, 2019; May 1, 2020; November 1, 2020; and May 1, 2021. How much money is Otto able to borrow if the interest rate is 12%, compounded semiannually?Heather owes Mark $10.000 payable on September 2021. If money can earn 12 %, what amount should Mark accept in settlement of the debt:A) 30 days before the scheduled payment?B) 90 days before the scheduled payment?
- Kavish loans $15,000 to his business partner on June 1st, 2020. The terms of the loan state that interest of 5% compounded annually will be paid when the loan matures on May 31st, 2022. What is the amount of interest income that Kavish must report in each year from 2020 2022? Show your calculations.3. Mr. Ahmad lent RM2000 to an employee on February 18, 2020, with interest at 7.5%. The debt was repaid on December 24, 2020. How much money will Mr. Ahmad receive on the maturity date?On 12 May 2019, Alaa invested his money in Certificate of Deposit (CD) of Bank TTC, this CD has 5000 $ of face value and 6 percent interest.This CD will mature on 10 December 2019. Calculate the effective rate on his investment in this CD. ( assume 1 year are 365 days)
- Question: On May 1, 2020, Hazel borrowed a sum of money from Far East Bank , payable for 2 years at 8% simple interest. She paid P6,000 for the interest of her loan. Find how much was borrowed by Hazel.ali has invested his money to a CD of Bank TTC on 14 June 2019. The CD matures on 12 October 2019. The CD has a face value of 8000 $ and 7 interest. Calculate the market price of this CD if the market interest rate is 12 percent. ( assume 1 year are 365 days)On May 1, 2020, Hazel borrowed a sum of money from Far East Bank , payable for 2 years at 8% simple interest. She paid P6,000 for the interest of her loan. Find how much was borrowed by Hazel.