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What amount will you have to pay

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Q1. The KYM Company wants to invest $ 523,000 pesos in the bank that guarantees a simple interest rate of 3.32% quarterly. If the company is considering the 8-month investment. What amount will you receive in the end? How much did you earn from interest?

Q2. Sandra agrees to pay a debt of $ 214,000 pesos at a simple interest rate of 4.65% per year. What amount will you have to pay in 5 months?

Q3. If the company Estrella S.A. obtains $ 10,000 pesos each two-month period for interest on an investment at 11.20% simple interest. What capital did the company invested?

Q4. A simple interest invested capital triples after 6 years. What annual simple interest rate did he earn?

Q5. What will the present value of $ 30,000 pesos be if a simple discount rate of 10% is used? The time before expiration is 6 months.

Q6. Calculate the present value of a promissory note for $ 1,000,000 pesos, if the agreed term was 7 months and the simple interest rate was 15.65%.

Q7. Esmeralda must choose the best bank to invest an amount of money. She will deposit $ 845,000 pesos in Bancomer, at a simple interest rate of 9.45%, for a term of 200 days. Another option is to invest in Santander at 11.20%. Whether to use the exact interest for Bancomer and commercial interest for Santander. Which bank should you choose? Explain your answer.

Reference no: EM133071244

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