12 A debtor borrowed P12.700 and after 4 vears, paid back the loan with an 8% interest. How much was the interest paid? 13. Christopher Flores borTowed a certain principal from bank with interest at 7% per he paid back P34,500 to the bank for principal plus interest. How years, much was borrowed? annum. After 3.5

12 A debtor borrowed P12.700 and after 4 vears, paid back the loan with an 8% interest. How much was the interest paid? 13. Christopher Flores borTowed a certain principal from bank with interest at 7% per he paid back P34,500 to the bank for principal plus interest. How years, much was borrowed? annum. After 3.5

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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11. A debt of P29,000 bears simple interest at 7½% per annum. If it is repaid after 5 years, how much should the interest be? 12. A debtor borrowed P12,700 and after 4 years, paid back the loạn with an 8% interest. How much was the interest paid? 13. Christopher Flores borrowed a certain principal from bank with interest at 7% per annum. After 3.5 years, he paid back P34,500 to the bank for principal plus interest. How much was borrowed? 14. Dennis Caballes paid P8,220 interest at 12.6% for 15 month loan. What was the original loan? 15. Antonieta Zoleta borrowed P150,000 from å Universal Bank at 8.2% interest for 4 years. How much will she pay the bank after 4 years?
2. C savings deposit of P7,000 earns a simple interest of 5%. How much is the interest for 9 months? 3. B borrowed from his friend, Mark, P9,000. He repaid the P9,600 after 15 months. What was the simple interest rate?
2. Mr. Dizon borrowed P35,000.00 from the cooperative bank. Find the simple interest if it is to be paid after 5 months with an interest rate of 1.50 %per month.
G. A Man borrowed P5,000 from a bank and agreed to pay the loan at the end of 9 months. The bank discounted the loan gave him P4,000 in cash. CO2 16. What was the rate of discount? a. 2% Б. 12% C. 13% d. none of the above Co2 17. What was the rate of interest? a. 25% CO2 18. What was the rate of interest for one year? a. 3% Co1 19. It is the rate of interest for the same period b. 22% c. 23% d. none of the above b. 34% c. 33% d. none of the above d. none of the above а. d b.r Co1 20. It is measured in today's pesos of a present amount of P. b. PC a. FC c. F d. none of the above
Elmer Martin paid P26,800 on a loan made 4 months before at 92% simple interest. Find the interest generated. 8. 9. If a principal of P13,300 earns interest of P1,500 in 3 years and 6 months, what interest rate is in effect?
An amount was borrowed from a bank at a simple interest rate of 12.41% and paid after 5 years and 7 months. What is the discount rate? If the paid amount is P33,874, how much money was borrowed? If the total accumulated interest is P10,845, what amount was paid?
Luis Rivera has taken out a mortgage loan for $225,000 at 4% for 5 years. What will be the total amount of interest paid? a. $27,706.34 b. $21,7567.33 c. $14,855.65 d. $18,566.47 e. $12,444.66
12. Ms. Smith borrowed P125,000 at 11% stated rate of interest and was to pay back the loan in 24 monthly payments. What is her effective rate of interest? A. 10.56% C. 21.12% B. 18.96% D. 22.00%
4. A loan was made 3 years and 4 months at 12% simple interest rate. The principal amount of loan was paid with P8,000.00 interest. How much is the principal? N. Ccaal i &T
A man deposited P5,000 in a bank at a rate of 10% per annum for 7months and 25days. Find the ordinary simple interest and accumulated amount. O P326.39 O P336.39 P346.39 P356.39
g. Suppose you borrowed Kshs. 30,000 from your bank to finance a start- up business. The bank charges you an interest rate of 8 % and requires you to make 3 equal end of year installments. Required: marks) Compute the installment amount. Compute the interest amount paid in the first year. Compute the ending balance at the end of the first year i. ii. 111. ii.
11. Determine the principal that will earn $294 in 5 years at 6% per annum simple interest. 12. Determine the principal that will carn $200 as simple interest after 8 years at 5% per annum. 13. Mr Frank's bank pays interest at 8e per annum on money he has on deposit. What amount is in his account if the simple interest for 7 months is $42? 14. Calculate the amount of money invested at 11% per annum, when $330 simple interest was collected after

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