Rodelyn del Rosario borrowed Php 40,500 on May 6, 2015 at a rate of 8.25%. The...
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Rodelyn del Rosario borrowed Php 40,500 on May 6, 2015 at a rate of 8.25%. The loan due on May 6, 2017. Formulas: | = Prt 1 = Prd/365 - Exact Interest for Non-Leap Years I= Prd/366 - Exact Interest for Leap Years 1=Prd/360-Ordinary Interest F=P+I-Maturity/Future Value F= P(1+rt) Maturity/Future Value A. Find the ACTUAL TIME. * Your answer B. Using your ACTUAL TIME, what was the amount of the exact simple interest on the loan? (Hint: 3 different exact interest must be computed to get the total interest) ! Your answer * B. Using your ACTUAL TIME, what was the amount of the exact simple interest on the loan? (Hint: 3 different exact interest must be computed to get the total interest) Your answer C. What was the maturity value on May 6, 2017? Your answer * * Rodelyn del Rosario borrowed Php 40,500 on May 6, 2015 at a rate of 8.25%. The loan due on May 6, 2017. Formulas: | = Prt 1 = Prd/365 - Exact Interest for Non-Leap Years I= Prd/366 - Exact Interest for Leap Years 1=Prd/360-Ordinary Interest F=P+I-Maturity/Future Value F= P(1+rt) Maturity/Future Value A. Find the ACTUAL TIME. * Your answer B. Using your ACTUAL TIME, what was the amount of the exact simple interest on the loan? (Hint: 3 different exact interest must be computed to get the total interest) ! Your answer * B. Using your ACTUAL TIME, what was the amount of the exact simple interest on the loan? (Hint: 3 different exact interest must be computed to get the total interest) Your answer C. What was the maturity value on May 6, 2017? Your answer * *
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