It is the amount after t years that the lender will receive from the borrower.

Rate of interest must be converted into ________ before substituting to the formula of finding the interest.

It refers to an interest that is computed based on the principal and interest accumulated every conversion period.

Justin decided to borrow from a bank as the start-up capital of ₱50,000.00 at 7% simple interest rate payable within 5 years. Compute for the interest.

Mrs. Sanchez invested P200,000.00 at 5% compounded annually. She plans to get this amount after 10 years for her daughter's college plan. How much will she get?

Write the percent as a decimal.

4.3%

Starting money = P350.

Interest rate = 2.5%

TIme = 3 years.

How much interest?

You lend P240.00 to your friend. He pays you back P270.00. What interest rate did you charge your friend?

You borrowed P1,690.00 for 5 1/2 years at an interest of 5.7% compounded annually. How much extra did you pay by taking out the loan?

Your 3 year investment of P20,000 received 5.2% interest compounded annually. What is your total return?

Find the period of deferral of semi-annually payments of P10,000.00 for 10 years that will start 3 years from now.

What is the present value of P25,000.00 due in 2 years and 6 months if money is worth 10% compounded quarterly?

Beyonce went to the mall and saw a massage chair that she would have to take a loan out for P6,500.00 to purchase.  The bank said that she could get a simple interest rate of 8% for 5 years.  What is the total amount that Beyonce will pay for the chair?

Jerry borrowed P4,000.00 for 5 years at 6% simple interest rate. How much interest is that?

If P1,000 is invested at 16% interest, compounded annually, for five years, what is the ending balance?

You borrowed P59,000.00 for 2 years at 11% which was compounded annually.  What total will you pay back?