Interest
A principal of $3,500 was invested at 6% interest for 4 years. What is the total interest earned?
$840
Emma received $600 in interest from an investment of $4,000 after 5 years. What was the interest rate?
3%
A principal of Php 200,500 is invested at 8% for 2 years. What is the final amount?
Php 232580
Tom invested $1,800 at a 6% interest rate and earned $432 in interest. For how many years was the money invested?
4 years
You paid an amount of money 480,000 after 4 years by investing at a 5% interest rate. What is the initial principal amount?
Php 400,000
A homeowner takes a 20,000 loan at 5.5% interest from January 24,2010 to December 24, 2011. Calculate the ordinary interest using actual time.
Php 2135.83
Theresse borrowed money from a bank to start her small business. The loan was for a period of February 5, 2001 to February 7, 2002. After this time, Mia was required to pay 3,150 in interest on the 42,000 principal amount, and the interest was calculated using the exact interest at approximate method. What was the annual interest rate charged by the bank?
7.56%
From April 30, 1999, to February 29, 2000, Jun invested 60,500 at an exact interest rate of 1.5%. Using actual time, how much is the maturity amount?
Php61,260.81
How long if the interest is two-thirds of the principal with the interest of 10%?
6.67 years
Angelica Yulo borrowed money from Carlos Yulo with Php500,000 interest in 365 days. If the total weekly repayment received by Carlos from Angelica is worth Php19,230.76923. How much did Angelica borrow from Carlos?
Php500,000
If you have a business and you plan to loan a Php 150,000 with period from August 30, 2009 to September 30, 2010. How much is the exact interest using approximate time at a rate of 8.8%?
Php 14,104.11
Arielle borrowed 10,000 October 21, 2012 with an interest of 2000. If the loan was due on October 9, 2013, what was the interest rate of Arielle's loan using the ordinary interest method at actual time?
20.40%
Raffy invested his hard earned savings worth 600,000 to 2 different bank. Half of it is to Union Bank while the other half is to BPI. The union bank offers effective interest rate at 3.04% for 1 year while for BPI offers effective rate at .125% for 10 years. How much is the total amount of Raffy received from two banks?
Php612,870
Choose a letter that corresponds to the given question:
Mike Rama takes out a loan of $35,000 at 4.5% interest. Calculate how long did Mike Rama to pay if he paid an amount of $35,385 using the exact interest at approximate time.
a. May 29, 2005 to July 29, 2006
b. July 30, 2006 to September 18, 2007
c. May 2, 2005 to July 30, 2006
d. July 2, 2005 to July 31
C. May 2, 2005 to July 30, 2006 = 88 days
Zhyck deposited funds into a simple interest-bearing savings account. Between April 30, 2000, and April 15, 2005, Php3741.079452 in interest was earned. The interest, which had an annual rate of 0.5%, was calculated using the exact interest at actual time. What was the principal amount of Zhyck's original investment?
Php150,800
After three years at simple interest, the final amount of the principal worth Php 800 plus interest is Php 920. What will the new simple interest be for the same years if the new interest rate rises by 3%?
Php192
For the two accounts, the simple interest of the first account is equal to ⁴/₅ of the original amount after five years. In the same years the simple interest of the second account is equal to 6/5 of the original amount. What is the difference of the interest rate of the two accounts?
8%
Melanie deposited $1,000,000 of his hard-earned funds in two different banks. 3/4 of it is to BDO bank while the remaining portion is to Metrobank. Metrobank offers an effective rate of 9% for three years, whereas BDO Bank gives an effective rate of 10% for one year. What is the total final amount of Melanie received from two banks?
Php1,142,500
Simple interest on a certain sum is ¹⁶/₂₅ of the sum. Find the the time in years where the the time is numerically equal to the rate.
0.8 years
The principal amount was lent at simple interest at 11% per annum for 9/2 years and 7/2 years, respectively. If the interest difference for two periods was Rs. 5500, find the principal amount.
Php50,000
The principal amount of Php 1750 is divided into two parts such that the interests on the first part at 8% simple interest per annum and that on the other part at 6% simple interest per annum are equal. What is the interest accumulated on each part?
Php60
The interest of the principal amount worth Php 3500 is Php 875 after five years of simple interest. If the new final amount is Php 5250, what will be the difference of the new interest rate from the first interest rate?
5%
A simple interest of 2500 is earned by investing a sum of money (principal amount) for 13 years. The interest rate is charged at 4% for the first 3 years, 5% for the next 4 years and 8% beyond 7 years. Find the final amount.
Php5625
A person deposited some amount of money in the bank at simple interest. After 15 years, the final amount became seven times the principal amount. In how many years will the final amount become ten times than principal amount if the interest rate remains the same?
22.5 years or 22 years and 6 months
The principal amount of 2379 is divided into 3 parts so that the final amounts after 2, 3 and 4 years, respectively, are equal. What is the principal amount of the first part if the interest rate is 5% per annum on simple interest?
Php828