PROBLEM 1. What is the annual rate of interest is P655 is earned in four months on an investment ofP16,000?PROBLEM 2. A loan of P5,000 is made for a period of 13 months, from January 1-January 31 thefollowing year, at a simple interest rate of 20%. What future amount is due at the end of the loanperiod?PROBLEM 3. If you borrow money from your friend with simple interest of 12%, find the present worthof P20,000 which is due at the end of nine months.PROBLEM 4. Determine the exact Simple interest on P5000 for the period from Jan. 15 to Nov. 28, 1992,if the rate of interest is 22%

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PROBLEM 1. What is the annual rate of interest is P655 is earned in four months on an investment of P16,000?

ENGR.ECONOMIC ANALYSIS

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ISBN:9780190931919

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Publisher:NEWNAN

Chapter1: Making Economics Decisions

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Question

PROBLEM 1. What is the annual rate of interest is P655 is earned in four months on an investment of
P16,000?
PROBLEM 2. A loan of P5,000 is made for a period of 13 months, from January 1-January 31 the
following year, at a simple interest rate of 20%. What future amount is due at the end of the loan
period?
PROBLEM 3. If you borrow money from your friend with simple interest of 12%, find the present worth
of P20,000 which is due at the end of nine months.
PROBLEM 4. Determine the exact Simple interest on P5000 for the period from Jan. 15 to Nov. 28, 1992,
if the rate of interest is 22%

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