One hundred twenty days after borrowing money, Liz pays an interest of Php 215.00. How much did she borrow if the simple interest rate is 5 5/8 % 2.) Find the actual and approximate time from December 19, 2020, to June 6, 2021. Show the two  solution 3.) Using the four methods, find the interest on Php. 4,400 at 5 4/5 % simple interest from September 9, 2020 to April 19, 2021

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A: Part 1: Borrowed Amount = P125,000 Interest Rate = 11% Time period = 24 months

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A: Equivalent amount distributes present worth into equivalent uniform value over its useful life.

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A: Finance charge is calculated by multiplying simple interest rate by the value of the borrowed…

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Q: Rosel applied for a cash loan with an amount of P100,000.00 to be paid using ordinary simple…

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A: Concept of Bank Loan  Bank borrowing and amortisation

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A: Loan amount = 200,000 Monthly interest = 2% Number of monthly payments = 30

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A: Explanation : When we are calculating the Compounded Interest calculation Monthly Compounding…

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A: we will only answer the first question, for the remianing questions, kindly resubmit the question…

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Q: Stephanie borrows Php77,000 for 10 months at an interest rate of 12% per year. Find the interest…

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Q: George borrowed $1,500 from Sally on April 13, 2018. George repaid the loan on September 20, 2018,…

A: Given Information: Principal amount = $1,500 Interest = $60

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A: Solution:- Given, 1). Received money = Php 18,000 Promised to pay = Php 22,750

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A: Banker's discount is the discount amount calculated on the future value of payable.

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A: Whenever we need to borrow funds for the business, it can be from internal members or from outside…

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A: Here amount borrowed  = 12,000 and interest amount = 4473.60

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A: Simple interest is interest calculated on the principal portion of a loan or the original…

Q: Engr. De Robles borrowed Php 10,000 from a bank and promised to pay the amount for 1 year. But he…

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