Activity 2 Simple Discount Solve the following. Show your solution. 1. Find the proceeds of P 50 000 due at the end of 8 months if the discount rate is 10 %%? 2. Find the discount interest if F =P 14...

Compute forSIMPLE DISCOUNT.

Extracted text: Activity 2 Simple Discount Solve the following. Show your solution. 1. Find the proceeds of P 50 000 due at the end of 8 months if the discount rate is 10 %%? 2. Find the discount interest if F =P 14 000, d = 8% and t = 9 months. 3. Discount (or find the present value of) P 20 000 for 150 days at a discount rate of 7%. 4. Accumulate P 50 000 for 3 years and 9 months at 7 2% simple discount. 5. How long will it take for P 20 500 to amount to P 30 000, if the discount rate is 5 4/5%? 6. ABC bank charges 10 4% for discounting loans. If Aldrin agrees to repay P55 000 after 7 months, how much does he receive now?


Extracted text: 7. If P 25 000 is the present value of P 30 500 due at the end of 16 months, find the discount rate. 8. Mary needs P 100 000 on June 12, 2018, and will settle the loan on February 12, 2019. What is the size of the loan she should borrow from Mr. Sotto who charges 5% discount rate? 9. Find the amount due on December 5, 2019, if the present value on October 5, 2019 is P 50 000 at 4% simple discount. 10. If P 11 200 is the present value of P 13 700 due at the end of 16 months, find a. discount interest rate b. simple interest rate