Question: Please show solution EXERCISES 1. Find the ordinary interest on F 500,000 at 5-% invested from April 1, 2017 to December 24, 2017 using actual
Please show solution

EXERCISES 1. Find the ordinary interest on F 500,000 at 5-% invested from April 1, 2017 to December 24, 2017 using actual time and approximate time. 2. Find the ordinary interest and amount on # 40,000 at 6% simple interest from June 1, 2017 to March 30, 2018 using approximate time. B. Find the simple interest on P20,000 borrowed on May 1 and will be paid after 6 months at 6.25% interest using exact time. 4 . How much money should be invested in a financial institution that pays 3.25% simple interest if the amount at the end of 5 years is P 450,000.00? 5. What amount should be paid on July 5, 2017 on a loan of P 100,000 made on January 25, 2018 with 4.7% simple interest? 6. A businessman borrowed P 2,500,000 for 5 years at 5-% simple interest. What amount must he pay at the end of 5 years? 7. An eligible Pag-IBIG member may borrow up to a maximum of 80% of his total accumulated value (TAV) subject to the terms and conditions of the program. After a strong typhoon, Mang Liloy applied for a calamity loan of P 30,000. The current interest rate for the calamity loan is 5.95% per annum. How much interest does Mang Liloy have to pay at the end of 1 year? 8. What is the accumulated value of P 50,000 for 5 years and 3 months at 6.5% simple interest? 9. How long will it take # 200,000 to amount to half a million pesos if the simple interest rate is 8.25% per annum
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