On March 1, 2015 Mr. A obtains a loan of P1, 500 from Mr. B and signs a note promising to pay the principal and accumulated simple interest at the rate of 5% at the end of 120 days. On May 15, 2015, Mr. B discounts the note at the bank whose discount rate is 6%. What does he receive? A price tag of P 1200 is payable in 60 days but if paid within 30 days , it will have a 3% discount. Find the rate of interest. Discount 1650 for 4 months at 6% simple interest. What is the discount? Find the amount due at the end of 15 months whose present value is P 2, 000 at 5% simple discount? Compute the discount if P2, 000 is discounted for 6 months at 8% simple interest.

On March 1, 2015 Mr. A obtains a loan of P1, 500 from Mr. B and signs a note promising to pay the principal and accumulated simple interest at the rate of 5% at the end of 120 days. On May 15, 2015,...

On March 1, 2015 Mr. A obtains a loan of P1, 500 from Mr. B and signs a note promising to pay the

principal and accumulated simple interest at the rate of 5% at the end of 120 days. On May 15, 2015, Mr.

B discounts the note at the bank whose discount rate is 6%. What does he receive?

A price tag of P 1200 is payable in 60 days but if paid within 30 days , it will have a 3% discount.

Find the rate of interest.

Find the amount due at the end of 15 months whose present value is P 2, 000 at 5% simple

discount?

Compute the discount if P2, 000 is discounted for 6 months at 8% simple interest.

Jun 02, 2022