Using Simple Interest and Compund Interest Instruction : Please answer the question with solution

1. A 100,000 loan has the following deduction; insurance 1% , doc stamp 1.25; svc fee 540. How much is the net proceed of the loan?

2. A principal loan of 500,000 is being availed, and get 488,000 as the net proceeds. Find the percentage that is being charged on the said loan.

3. A loan has a monthly amortization of 7,253.68 in 5 years. How much is the total amount of the loan?

4. Net proceeds of loan is 282,000; principal amount is 300,000. How much is being charged for the loan?

5. A 300,000 salary loan has 5.5 interest per annum and is payable in 4 years. How much is the interest annually?

Instruction Use two decimal place for your answer. Juana bought a house for 898,000 she had a 20% down payment and the balance is payable in 20 years. The interest of the amortized housing loan is 6% per annum. ( Straight line method )

1. How much is the down payment made by Juana?

2. Find the total interest for 1 year

3. Find the total interest paid by Juana?

4. How much is Juanas monthly amortization for her housing loan?

5. Find the interest per month.

Problem 2 Instruction : Used two decimal place for your answer. Juan Tama bought a house for 500,000. He made a 125,000 down payment and the balance in simple interest amortization a 5 3/8% annually interest for 10 years.

1. Find the total interest paid by Juan.

2. Find the total amount of housing loan to be paid in 10 years.

3. What is the percentage of Juan down payment?

4. Find the interest per annum

5. Find Juan Tamas monthly amortization.