1. J. Santos paid the bank P637.50 interest at 5.5% simple interest for 90 days. How...
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1. J. Santos paid the bank P637.50 interest at 5.5% simple interest for 90 days. How much did J. Santos borrow? 2. A man borrowed P21,000.00 from a credit union. If the interest is P596.25 for 7 months, what rate of interest did the man pay? 3. Mr. R. dela Cruz borrowed P30,000.00 from a bank at 4% simple interest. If he was charged an interest of P1,062.50, how many months did it take him to repay the loan? 4. How long in years will it take for P20,000.00 to amount to P22,750.00 at 5.5% simple interest? 5. Mr. Cruz has a savings deposit and plans to buy a laptop. His interest for the month of June was P300.00 at 6% based on the banker's rule. How much was his outstanding balance on June 1? 6. R. Tolentino borrowed P32,000.00 for 1 year and 7 months. The amount of interest was P3,306.67. What was the rate of interest? 7. A man got a loan of P25,000.00 at 42% based on the banker's rule. If he paid an interest of P750.00, how many days was his loan? 8. It will cost Mr. J. Salcedo P52,000.00 to buy a computer. How much rate of interest will he be charged if the interest is P1,055.00 for 180 days based on the banker's rule? orain you 9. Mrs. Silva borrowed a sum of money from a bank that charges 5.5% simple interest. If she paid an interest of P7,875.00 for 9 months, how much did she borrow? 2 10. Mr. P. Moreno obtained a loan of P55,000.00 to buy a motorcycle at 4% exact interest and paid an interest of P933.15. How many days was the duration of his loan? . . . 1. J. Santos paid the bank P637.50 interest at 5.5% simple interest for 90 days. How much did J. Santos borrow? 2. A man borrowed P21,000.00 from a credit union. If the interest is P596.25 for 7 months, what rate of interest did the man pay? 3. Mr. R. dela Cruz borrowed P30,000.00 from a bank at 4% simple interest. If he was charged an interest of P1,062.50, how many months did it take him to repay the loan? 4. How long in years will it take for P20,000.00 to amount to P22,750.00 at 5.5% simple interest? 5. Mr. Cruz has a savings deposit and plans to buy a laptop. His interest for the month of June was P300.00 at 6% based on the banker's rule. How much was his outstanding balance on June 1? 6. R. Tolentino borrowed P32,000.00 for 1 year and 7 months. The amount of interest was P3,306.67. What was the rate of interest? 7. A man got a loan of P25,000.00 at 42% based on the banker's rule. If he paid an interest of P750.00, how many days was his loan? 8. It will cost Mr. J. Salcedo P52,000.00 to buy a computer. How much rate of interest will he be charged if the interest is P1,055.00 for 180 days based on the banker's rule? orain you 9. Mrs. Silva borrowed a sum of money from a bank that charges 5.5% simple interest. If she paid an interest of P7,875.00 for 9 months, how much did she borrow? 2 10. Mr. P. Moreno obtained a loan of P55,000.00 to buy a motorcycle at 4% exact interest and paid an interest of P933.15. How many days was the duration of his loan? . . .
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1 Santos paid the bank P63750 interest at 55 simple interest for 90 days How much did J Santos borrow 63750 P 0055 365 90 Solving for P P 63750 0055 90 365 P 11000 J Santos borrowed P1100000 2 A man b... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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