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What are the exact and ordinary interests

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Reference no: EM132764618

1.What is the maturity value if P10,000 is invested for 3 years at a rate of 12% per annum?

2.At what interest rate will a sum of money triple itself in 10 years time?

3.How long will it take for P7,000 to have a maturity value of P12,000 if it is invested at 15% interest?

4.How much is the exact interest earned if P4,500 is lent at 12% iterest for 125 days?

5.What is the maturity value of P12,500 if it is invested at 15% simple interest for 250 days using ordinary interest?

6.An amount of P16,250 is invested at 13% simple interest for 275 days.

a.) What are the exact and ordinary interests?

b.) Compare the results from a. How much more interest would you earn if you chose the higher value?

Reference no: EM132764618

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