38546130
Description
Flashcards by Juliana Abedes, updated more than 1 year ago
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Created by Juliana Abedes
over 1 year ago
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| Question | Answer |
| In order to buy a new gadget, Maria decided to borrow Php 5 000 at an annual simple interest rate of 5%. After two years, how much interest does she need to pay? | P500 |
| When invested at an annual interest rate of 7%, the amount earned Php11 200 of simple interest in two years. How much money was originally invested? | P80000 |
| As preparation for John's college studies, his parents want to save an amount of Php 200 000 after 3 years. If they decide to deposit in a bank offering an annual simple interest rate of 2.5%, how much do they need to deposit now? | 186046.511 |
| Jose deposited Php 1000 today in a bank providing 3% simple interest per year. He wants to have savings worth Php 450 in the future. If he will not withdraw any amount. how long must he wait? | 15 years |
| What is the present value of Php25 000 due in 5 years if money is worth 10% compounded annually? | P15523.03 |
| How much money should you save in a bank that pays 1.5% compounded annually so that you will have Php100 000 after 4 years? | P942184.23 |
| Mr Cruz invested Php 150 000 at 10% compounded annually. He plans to get this amount after 4 years for his son's college education. How much will he get? | P219615 |
| Mrs Cruz wants to have her investment to grow to Php400 000 in 5 years. How much should she invest in an account that pays 5% compounded annually? | P313410.47 |
| A time deposit account in a bank yields 5.5% compound interest annually. Alice invested Php350 000 for 4 years in this savings account. How much interest will she gain? | P83588.63 |
| Find the future value and the interest if Php5 000 is invested at 5% compounded annually for 3 years? | P5788.13 |
| Find the future value and the interest if Php5 000 is invested at 5% compounded semi- annually for 3 years? | P5798.47 |
| Find the future value and the interest of Php2 000 after one year at 3% interest rate compounded. With its designated interest a. quarterly b. Monthly c. Daily | a. P2060.68 Ic= P8-.68 b. P2060.83 Ic= P60.83 c. P2060.91 Ic= P60.91 |
| To have a capital for a small food business, Jane borrowed Php 10 000 at 2% interest rate compounded quarterly. How much does Jane need to pay after 2 years? | P10407.07 |
| Find the present value of Php 2 000 after 4 years at 10% interest rate compounded a. semi-annually b. quarterly monthly | a. P1353.68 b. P1347.25 c. P134.86 |
| How much Karen should invest in a fund earning 10% compounded quarterly if she wants to accumulate Php200 000 in 5 years? | P122054.19 |
| How long will it take Php1 000 to earn Php300 if the annual interest rate is 12% compounded semi- annually? | 2.25 years |
| At what interest rate compounded quarterly will Php10 000 accumulate Php20 '000 in 10 years? | 6.99 % |
| Suppose Karen would like to save Php3,000 at the end of every month in a fund that gives 9% compounded monthly. How much is the amount of future value of her savings after 6 months? | P18340.89 |
| Suppose you deposit Php1,000 at the end of every month for 2 years in a bank account providing 5% annual interest compounded monthly. What is the worth of your account at the end of 2 years? | P25185.92 |
| Suppose Karen would like to know the present value of her monthly deposit of Php3,000 when interest is 9% compounded monthly. How much is the present value of her savings at the end of 6 months? | P17536.79 |
| Find the present value of the ff annuities: a. An ordinary annuity with regular quarterly payments worth Php1,000 at 3% annual interest rate compounded quarterly at the end of 4 years. | P15024.31 |
| Find the present value of the ff annuities: b. An ordinary annuity with regular monthly payments worth Php2,500 at 6% annual interest rate compounded monthly at the end of I and a half year. | search mo net |
| Karen borrowed Php100 000. She agrees to pay the principal plus interest by paying an equal amount of money each year for 3 years. What should be her annual payment if interest is 8% compounded annually? | P38803.35 |
| Ken borrowed Php200,000 payable in 2 years. To repay the loan, he must pay an amount every month with an interest rate of 6% compounded monthly. How much should he pay every month? | search mo net |
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