（Use simple interest and compound interest separately for each question）

7. The borrower is about to take a loan in the amount of UAH 1.5 million. With a return of UAH 2 million in half a year. Determine the interest rate on the loans, on the basis of which it can choose the bank.

8. The borrower is going to take a bank loan for 9 months with the return of UAH 1.5 million. The interest rate on loans is 18% per annum. Determine the amount of the loan that the borrower can take?

9. The borrower is about to take a bank loan on June 25, with repayment on September 1 of the same year with the amount of UAH 1 million. The bank rate on loans is 17% per annum. Determine the amount of the loan that can be taken by the borrower.

10. When issuing a loan for six months at 18% per annum, commissions are 2% of the loan amount. Determine the profitability of the credit transaction, taking into account the deducted commissions.

11. The firm has concluded an agreement with the bank on the granting of a loan in the amount of 200 thousand UAH. The term of 2 years under the following conditions: for the first year the loan fee is 20% per annum for a simple rate, and in each next half a year the loan percentage increases by 1%. Calculate the amount of debt at the end of 2 years.

12. The loan agreement provides for the issuance of a loan in the amount of 150 thousand UAH. The term of 3 years under the following conditions: for the first year, the loan fee is 18% per annum, and in each subsequent quarter the loan interest rate increases by 1.5%. Calculate the amount of debt at the end of the 3rd period.

Answer rating: 100% (QA)

7 To determine the interest rate on the loan we can use the formula for simple interest Interest Principal Rate Time Given Principal P UAH 15 million Return A UAH 2 million Time T 05 year We need to f... View the full answer