Category: Economics problem

Solution: How much will be repaid if the loan is paid back in one lump sum?

Solution: How much is the actual rate of interest?

Solution: What then will be the effective interest rate of a loan?

Solution: What is the cash price of the television set bought by Annie?

Solution: Find the present worth of P50,000 which is due at the end of 7 months

Solution: What will be the future worth of P25,000 after 12 months?

Solution: Find the proceeds of the promissory note of Agnes Abanilla

Solution: Find the rate of return annually of a deposit of P110,000.00

Solution: How much will be due at the end of 75 days?