6. What are the amounts of interest and maturity value of a loan for P20,000 at 6 % compound interest for 3 years?
6. What are the amounts of interest and maturity value of a loan for P20,000 at 6 % compound interest for 3 years?
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Sub part 6-8
Transcribed Image Text:PERFORMANCE TASK NO. 1
Instruction: Solve the following problems. Write your solution in a separate sheet of paper.
1. What are the amounts of interest and maturity value of a loan for P150,000 at 6% simple interest
for 3 years?
2. Angel invested a certain amount at 8% simple interest per year. After 6 years, the interest she
received amounted to P48,000. How much did she invest?
3. Justin borrowed P5,000 at 5% annual simple interest rate. If he decided to pay after 1 year and 3
months, how much should he pay by then?
4. How long will P40,000 amount to P51,200 if the simple interest rate is at 12% per annum?
5. At what simple interest rate per annum will P25,000 accumulate to P33,000 in 5 years?
6. What are the amounts of interest and maturity value of a loan for P20,000 at 6 % compound
interest for 3 years?
7. What amount must be deposited by a 15-year old student in a bank that pays 1% compounded
annually so that after 10 years he will have P20,000?
8. Alet borrowed P15,000 payable with interest that is compounded semi-annually at 9%. How much
must she pay after 3 years?
9. How much must Angel deposit in a bank that pays 0.75% compounded quarterly so that she will
have P200,000 after 15 years?
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