1. Determine the exact simple interest on ₱500.00
In problem 11, what is the required semi-annual
for the period from January 10 to October 28,
1996 at 16% interest. Excluding January 10 in
the computation. ₱63.83
2. What will be the future money after 14 months,
if the sum of ₱10,000.00 is invested today at a
simple interest rate of 12% per year? ₱11,400
3. Determine the ordinary simple interest on
₱700.00 for 8 months and 15 days if the rate is
15%. ₱74.38
4. Find the nominal rate which if converted
quarterly could be used instead of 12%
compounded monthly. What is the
corresponding effective rate? 0.1212
5. A ₱2,000.00 was originally made at 8% simple
interest for 4 years. At the end of this period
the loan was extended for 3 years without the
interest being paid, but the new interest rate
was made 10% compounded semi-annually.
What is the simple interest after 4 years?
₱2,460.00
6. In problem 5, how much should the borrower
pay at the end of 7 years? ₱3,5370.86
7. A ₱500.00 was deposited at the end of every 3
months for 6 years. If the interest rate is 12%
compounded semi-annually. What is the
interest rate per quarter? 2.96%
8. In problem 7. What is the present worth of the
money? ₱8,504.00
9. A chemical engineer wishes to set up a special
fund by making uniform semi-annual end-of-
period deposit for 20 years. The fund is to
provide ₱100,000.00 at the end of each of the
last five years of the 20-year period. If the
interest is 8% compounded semi-annually, what
is the interest rate for the deposit money? 4%
10. In problem 9, for the withdrawals, what is the
interest rate? 8.16%
11.
deposit to be made? ₱6,193.44
12. In year zero. You invest ₱10,000.00 in a 15%
security for 5 years. During that time, the
average annual inflation is 6%. How much, in
terms of year zero pesos will be in the account
at maturity? ₱15,030
13. How much money should you invest today in
order to withdraw ₱2,000.00 annually for 10
years if the interest rate is 9%? ₱12,835.32
14. At 10% interest rate, how much should you
invest today to be able to withdraw ₱10,000
annually for 10 years? ₱61,445.67
15. If money is worth 8% annually, what annual
payment is required to raise ₱350,000 after 12
years? ₱18,443.26
16. An ordinary annuity has a nominal rate of 6%
compounded semi-quarterly for 8 years. What
is the present worth factor? 50.68
17. A man borrowed ₱15,000 two years ago. The
terms of the loan are 10% interest 10 years with
uniform payments. He just made his second
annual payment. How much principal does he
still owe? ₱13,024
18. The effective rate of 14% compounded semi-
annually is ____. 14.49%
Determine the present worth of the series of
₱4,500.00 quarterly payments that extend over a
period of 8 years if the first payment is due three
months from now and the interest is 9%
compounded
19. Monthly? ₱111,624
20. Continuously? ₱101,499
A man borrowed ₱6,000 from a bank and agreed to
pay the loan at the end of 9 months. The bank
discounted the loan and gave him ₱5,200 in cash.

21. What was the rate of discount? 13.33

22. What was the rate of interest? 15.38%

23. An item costs ₱2,000.00 now. If costs ₱1,200.00

18 years ago, what is the inflation rate per year?
2.88%

24. If the interest rate is 3%, how much is ₱5,000.00

worth in 10 years in continously compounded
account? ₱6,749.29