Solve the following: Show your complete solution. 1. Mr. Jules Macapagal invested P15,000 in a financial...

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Solve the following: Show your complete solution. 1. Mr. Jules Macapagal invested P15,000 in a financial institution for 18 months at 10% simple interest. How much money will he have at the end of the term? 2. Nancy has received P65,000 as her 14th month bonus and intends to invest the said amount for 2 ½ years. At what rate must she invest the amount to receive the P80,000 at the end of 2% years? 3. Phoebe invested a certain amount of money at a rate of 14% for 9 months. Her money earned an interest of P2,625. How much money did he invest? 4. Find the exact and approximate time from August 15, 2011 to May 10, 2013. 5. Find the ordinary and exact interest of the amount Php15,000 using the (a)approximate and (b) actual number of days from October 3, 2003 to March 30, 2004 at 12.5% simple interest. TYPE OF INTEREST Ordinary interest at actual number of days Ordinary interest at approximate number of days Exact interest at actual number of days Exact interest at approximate number of days SOLUTION COMPUTED VALUE 6. Find the ordinary and exact interest at 20 % % p.a. simple interest on Php 35,000 for 360 days. Solve the following: Show your complete solution. 1. Mr. Jules Macapagal invested P15,000 in a financial institution for 18 months at 10% simple interest. How much money will he have at the end of the term? 2. Nancy has received P65,000 as her 14th month bonus and intends to invest the said amount for 2 ½ years. At what rate must she invest the amount to receive the P80,000 at the end of 2% years? 3. Phoebe invested a certain amount of money at a rate of 14% for 9 months. Her money earned an interest of P2,625. How much money did he invest? 4. Find the exact and approximate time from August 15, 2011 to May 10, 2013. 5. Find the ordinary and exact interest of the amount Php15,000 using the (a)approximate and (b) actual number of days from October 3, 2003 to March 30, 2004 at 12.5% simple interest. TYPE OF INTEREST Ordinary interest at actual number of days Ordinary interest at approximate number of days Exact interest at actual number of days Exact interest at approximate number of days SOLUTION COMPUTED VALUE 6. Find the ordinary and exact interest at 20 % % p.a. simple interest on Php 35,000 for 360 days.

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ANSWER 1 Using the formula for simple interest Simple Interest Principal Rate Time where Principal is the amount invested Rate is the interest rate per year and Time is the time in years In this case ... View the full answer