1. A man deposited P25,000 in a bank with interest at 8% compounded monthly for 3 years. After 3 years, he added P12,000 at 6% compounded quarterly for 5 years with. If an inflation rate during the...


1. A man deposited P25,000 in a bank with interest at 8% compounded monthly for 3<br>years. After 3 years, he added P12,000 at 6% compounded quarterly for 5 years with. If<br>an inflation rate during the last 5 years is 2.5% per year, what will be his money's worth<br>in 8 years from now in today's pesos.<br>2. Mr. Reyes borrowed money from a bank. He received from the bank P2,158 and<br>promises to repay P2500 at the end of 15 months. Determine the rate of interest for one<br>year.<br>3. A man deposits P45, 000 in a bank account at 6% compounded monthly for 5 years.<br>If the inflation rate of 8.5% per year continues for this period, will this effectively<br>protect the purchasing power of the original principal?<br>4. If P15000 with an interest rate of 8% compounded monthly is payable in 2.4 years.<br>What will be the interest rate if P16520 will be collected if paid in 1 year.<br>5. Price tag of P2500 is payable in 60 days. A 3% discount is offered if paid in 30 days.<br>What is the rate of interest?<br>

Extracted text: 1. A man deposited P25,000 in a bank with interest at 8% compounded monthly for 3 years. After 3 years, he added P12,000 at 6% compounded quarterly for 5 years with. If an inflation rate during the last 5 years is 2.5% per year, what will be his money's worth in 8 years from now in today's pesos. 2. Mr. Reyes borrowed money from a bank. He received from the bank P2,158 and promises to repay P2500 at the end of 15 months. Determine the rate of interest for one year. 3. A man deposits P45, 000 in a bank account at 6% compounded monthly for 5 years. If the inflation rate of 8.5% per year continues for this period, will this effectively protect the purchasing power of the original principal? 4. If P15000 with an interest rate of 8% compounded monthly is payable in 2.4 years. What will be the interest rate if P16520 will be collected if paid in 1 year. 5. Price tag of P2500 is payable in 60 days. A 3% discount is offered if paid in 30 days. What is the rate of interest?

Jun 07, 2022
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