Tuklasin ang mundo ng kaalaman at mga sagot mula sa komunidad sa IDNStudy.com. Magtanong ng anumang bagay at makatanggap ng mga maalam na sagot mula sa aming komunidad ng mga propesyonal.
1. CHAPTER 2 Interest and Money-Time Relationship Solved Supplementary Problems Problem 2.1 What is the annual rate of interest if P265 is earned in four months on an investment of P15, 000? Solution: Let ‘n’ be the number of interest periods. Thus, on the basis of 1 year (12 mo.), the interest period will be, Hence, the rate of interest given by the formula, i = , is computed as i = ( )( ) = 0.053 or 5.3% Thus, the annual rate of interest is 5.3% 2-2.A loan of P2, 000 is made for a period of 13 months, from January 1 to January 31 the following year, at a simple interest of 20%. What is the future amount is due at the end of the loan period? Solution: ( ) ( ) ( ) Answer: 2-3.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. Given: Future worth: F = P20, 000 Number of interest period: n = Simple interest i = 12% Solution