The exact simple interest of P5000 invested from June 21, 1995 to December 25, 1995 is P100. What is the rate of interest?
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- The exact simple interest of P7,000 invested from April 28, 2002 to December 25, 2002 is P700. What is the rate of interest?What is the future amount of P10,000 if interest is computed using exact simple interest for the period from January 15, 1994 to November 28, 1998, if the rate of interest is 22%.The exact simple interest of P5200 invested from June 21, 1992 to December 25, 1995 is P1,991. What is the rate of interest in %? Express your answer in 2 decimal places.
- The exact simple interest of P7,000 invested from April 28, 2002 to December 25, 2002 is P700. What is the rate of interest? percent=? round 2 decimal placeSuppose $100 was deposited at the EOY 2011 and $220 was withdrawn at the EOY 2020, emptying the account. Find the annual interest rate.If beginning and ending interest receivable were P16,000 and P5,000, respectively. Total interest income for the period amounted to P52,000, how much would be the amount of interest collections for the period?a. P31,000 c. P52,000b. P41,000 d. P63,000
- Determine the exact simple interest on P500,000 invested for the period from January 15,1996 to October 12,1996, if the rate interest is 9.8%. Round 2 decimal placeAnswer the following simple interest problem using the provided formula ONLY. Show your complete solution. 3. Simple Interest Determine the accumulated amount using exact simple interest on P10,000.00 (pesos) for the period from January 20, 1990 to November 28 of the same year at 15% interest rate.Determine the ordinary simple interest on P1200 for the period from January 16 to November 26, 1992, if the rate of interest is 24%. Note the year 1992 is a leap year.
- Compute the interest rate if future value (FV) = $8011, present value (FV) = $2685, and number of years (t) = 6.Calculate the simple interest rate. (Round your answer to one decimal place.) P = $9100, I = $440, t = 1 yearIf $1900 earned simple interest of $56.22 in 3 months, what was the simple interest rate?