1) What is the annual rate of interest if P 255 is earned in four months on an investment of P 14,000? 2

1) What is the annual rate of interest if P 255 is earned in four months on an investment of P 14,000?

2. A loan of P 2,500 is made for a period of 13 months from January 1 to January 31 the following year at a simple interest rate of 20%. What future amount is due at the end of the loan period?

3. If you borrow money from your friends with simple interest of 13%, find the present worth of P 25,000, which is due at the end of nine months.

4. Determine the exact simple interest on P 6,000 for the period from Jan. 15 to Nov. 28, 1992 if the rate of interest is 22%.

5. A man wishes his son to receive P25O,OOO ten years from now. What amount should he invest if it will earn interest of 12% compounded annually during the first 5 years and 12% compounded quarterly during the next 5 years?

6. By the conditions of a will, the sum of P26,OOO is left to a girl to be held in trust by her guardian until it amounts to P44,OOO. When will the girl receive the money if the fund is invested at 8% compounded quarterly?

7. A certain interest rate compounded semiannually, P6OOO will amount to P25,OOO after 1O years. What is the amount at the end of 15 years?