Discount ₱15,800 for 11 months at 14.25%simple interest.

Q: Accumulate ₱54,000 at 11.75% interest when compounded semi-annually for 3 years and 5 months

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Q: Assume a 6 month CD purchase for 5,000 pays simple interest at an annual rate of 9.5. How much…

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Q: A newly married couple bought a house for P175,000. They paid 20% down and amortized the rest at…

A: A newly married couple bought a house for P175,000. They paid 20% down payment and amortized the…

Q: Chad Romin Computer Shop borrowed P500,000 on September 23, 2013 with interest due on October 3,…

A: The exact number of days from September 23, 2013 till October 3, 2014 is 376 days.For exact…

Q: The simple interest due on a 2.5-year loan of $8,500 is $1,062.50. Find the monthly payments on the…

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Q: To pay for his debt at 12% compounded semi- annually,Analuz arwena commuted for 8 quarterly payments…

A: Given interest : 12 % compounded semi annually. Total quaterly payments = php 24,491.28 To…

Q: A student loan of R25000 is to be repaid by regular monthly installments over 60 months. If the…

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Q: Find the full amount if Php67, 300 deposited in the bank for 12 years at 3.15% rate

A: first calculate the interest using the formula S.I =PRT where S.I is the simple interest T is the…

Q: Calculate the simple interest due on a 45-day loan of P1,600 if the interest rate is 9%

A: Concept: Here we shall use the formula for simple interest: SI=P×r×t100 Here P is the principal, r…

Q: Find the simple interest paid on a $470 loan at 6.9% annual interest for 3 months

A: Given:The principal amount (P) is $470.The rate of interest (R) is 6.9% per year.The number of terms…

Q: A house and lot has a selling price of PhP 1,960,000. A client made a down payment of PhP 460,000…

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Q: If a nine-month term deposit at a bank earns a simple interest rate of 9% per annum, how much should…

A: Given: The value of r is 9%

Q: Leslie Salazar borrowed P280,000 at a simple interest rate of 9% for one year. Compute for the…

A: Leslie Salazar borrowed P280,000 at a simple interest rate of 9% for one year.

Q: A man borrows GH¢12,000.00 from the bank at 15% per annum for 3 years. Determine the sum of each…

A: Given A man borrows GH¢12,000.00 from the bank at 15% per annum for 3 years. To Determine the sum of…

Q: Accumulate ₱54,000 at 11.75% interest when compounded quarterly for 4 years and 4 months.

A: Solution

Q: Find the simple interest on P6275 at 10% for 6 months.

A: GIVEN: P = $6275, R = 10%, T = 6 months

Q: At the end of 6 months, Mr. White pays Php 12,500.00 per month to the bank for 5 years for the car…

A: Given:  P(Principal amount per month)=$12500 R(Rate of…

Q: what is 2% higher than 3.167% interest rate?

A: Please see the answer in Step 2

Q: What is the simple interest on ₱12,500 at 8% for 9 months?

A: Formula for simple interest is as follows : I = P×R×T Where , P  is principal amount. R is Interest…

Q: Find the compound amount on a loan of php 85,000 at 6% for 5 years compounded quarterly.

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Q: An interest –in-advance collected from an amount of P85, 500 borrowed for 450 days and discount rate…

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Q: Calculate the simple intrest for $2400 borrowed for 2 years at 4% per annum

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Q: A loan of P95,000 is borrowed for 240 days at a simple interest rate of 12.3 percent per year. What…

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Q: Accumulate ₱56,000 for 650 days applying 10.5% exact interest

A: Given: Principal, P=₱56,000            Rate, R=10.5%            Time, T=650 days To find:…

Q: find the lump sum deposited today that will yield the same amount as monthly paymenst of  $100 with…

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Q: Sofia obtained a house of 25-year mortgage for Php2,150,000. If his monthly payment is Php 15,500,…

A: Given that: Sofia obtained a house of 25-year mortgage for Php2,150,000. His monthly payment is Php…

Q: What is the simple interest due on a 120-day loan of Php7000 if the annual interest rate is 5.25%?

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Q: What is the rebate fraction of a 42 month loan paid off after the 16th payment

A: We know that, Rebate fraction= sum of digits for number of payments remaining / sum of digits for…

Q: How long will it take borrower to diminiy₱198,480 if a lender charges 15.65% monthly and monthly…

A: loan amortization formula A=Pr(1+r)n(1+r)n-1 where A is periodic payment P is loan amount r is…

Q: You take out a 7-yr car loan for $25,000 with a 7.5% APR. The fixed monthly payment is $383.46. How…

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Q: Discount P264, 000 for 2.75 years converted quarterly at 10.64%

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Customary Pricing

There are various types of pricing strategies followed in the market. They are psychological pricing, odd pricing, free onboard pricing, customary pricing, prestige pricing, dual pricing, ruling pricing, negotiated pricing, mark up pricing, etc. each one can be explained as follows: 

Multiple Unit Pricing

“Multiple-unit pricing is a practice where a company offers consumers a lower than unit price if a specified number of units are purchased.”