Question: please help Solve the following problems. Show all pertinent solutions. I} Mr. Juan signed a note of P1000 at 18% rate of interest on March

please help

please help Solve the following problems. Show all pertinent solutions. I} Mr.

Solve the following problems. Show all pertinent solutions. I} Mr. Juan signed a note of P1000 at 18% rate of interest on March 22. At the end ofthe term of the note, he paid an interest of P225. What was the date of maturity ofthe note? 2} A principal was borrowed at 6 and the amotmt of P5.8l2.50 was paid at the end of 2 years. Find the interest and the original amount borrowed. 3} A non-interest bearing 60-day note was discounted at a bank at 12% for 30 days and the bank deducted P50 as the bank diaeount. Find the face value of the note and the proceeds. 4} A certain amount was borrowed 'orn a bank at 9% compounded semiarmualiy for three years. At the end of the loan period P65,l I3.Dl was paid back. 1What amount was originally borrowed

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!