Quiz 1. Simple Interest, Ordinary and Exact Interest, Exact Time and Approximate Time PDF

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1. Your parents borrowed P20,000.00 and after 6 months they paid your loan with an interest amounting to P2,300.00. Find the interest rate.

2. Your sibling borrowed P15,000.00 at 6% interest for 12 months payable monthly for the same period. Find the amount that he/she will pay every ...

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MATHEMATICS OF INVESTMENT QUIZ 1 1. Your parents borrowed P20,000.00 and after 6 months they paid your loan with an interest amounting to P2,300.00. Find the interest rate.

2. Your sibling borrowed P15,000.00 at 6% interest for 12 months payable monthly for the same period. Find the amount that he/she will pay every month.

3. How long will it take for P21,000.00 at 9% simple interest to earn P7,000?

4. Find the approximate number of days from: a. March 15, 2010 to September 12, 2013

b. July 25, 2005 to May 25, 2006

5. Find the exact number of days from: a. July 14, 2010 to November 25, 2012

b. May 15, 2012 to October 15, 2012

6. Find the exact interest on P20,000.00 at 10% interest rate for 150 days.

7. Find the ordinary interest using approximate number of days on P 40,000.00 at 15% interest from July 4, 2003 to March 16, 2004.

8. Find the principal amount invested on June 16, 2003 to accumulate P4,500.00 at 10% interest on October 14, 2003. ANSWERS (NEXT PAGES)...