📘 finance

1. **State the problem:** We need to find (a) the annual rate of interest for a compound interest loan given the amounts at the start, after 1 year, and after 2 years.

1. Stating the problem: Emma wants to find the amount of money to invest now (principal), so that it grows to 33,400 after 5 years with a compound interest rate of 6.9% per annum.

1. **Problem statement:** A customer buys a coffee machine with monthly instalments of R 527 for 60 months. The machine is insured at 13.8% per annum based on the cash price of R 2

1. **Stating the problem:** You buy a TV for 800 and agree to pay in 18 equal monthly payments with an interest rate of 1.5% per month on the unpaid balance. We need to find the mo

1. **State the problem:** You bought a TV for 800 sh and will pay it off in 18 equal monthly payments. Each month, interest of 1.5% is applied to the unpaid balance. 2. **Find the

1. **State the problem:** You borrow 5000 and agree to repay in 36 equal monthly payments with a monthly interest rate of 1% (12% annual compounded monthly). Find the monthly payme

1. **Problem 1:** How much interest will ₱26,700 earn at 3% interest per annum for 4 years? 2. **Given:**

1) Problem 1: Calculate the simple interest earned on a savings deposit. Given:

1. **Problem Statement:** Create a financial plan using compound interest to save for a retirement fund over 30 years.

1. The problem is to understand how money grows using different financial methods: simple interest, compound interest, and annuities. 2. **Simple Interest:** Money grows linearly o

1. **Stating the problem:** Sophie saves 200 at the end of each month for 6 years with an interest rate of 0.250% per month compounded monthly. 2. **Identifying variables:**

**Problem Statement:** Sophie saves 200 at the end of each month. The bank pays 0.250% interest compounded monthly. Find the amount of money she will have at the end of 6 years.

1. Problem 2: Find the present value of an annuity of 3000 every 6 months for 4 years, with interest rate 5% compounded semi-annually. 2. Given: $R=3000$, $r=0.05$, $t=4$, $m=2$. T

1. Stating the problem: We are given that the simple interest on 1750 at 4% per annum is some amount. We need to find the simple interest on 3750 for the same time period at some r

1. The problem involves computing tax based on the provided taxable income and tax rate table. 2. Given taxable incomes include Shs 85,3500, Shs 11,500, Shs 81,150, and Shs 35,500.

1. To determine if it was a profit or loss, we need to know the purchase price and the selling price of the stock. 2. Calculate the difference: $\text{Difference} = \text{Selling P

1. **State the problem:** You have 200 shares of stock and you sell all at P550 per share. The broker charges a 2.1% commission. Find the amount you receive after paying the commis

1. Let's state the problem: You want to buy 200 shares at P500 each with a 2.1% commission charged by the broker. 2. Calculate the cost of the shares without commission:

1. **State the problem:** You want to find the time $t$ it takes for an investment of P1200 to grow to P1728 at an annual interest rate of 20% compounded annually.

1. We are given that $P=25000$, the annual interest rate $r=0.08$, compounded quarterly (4 times per year), for $t=5$ years. 2. The formula for compound interest is $$A = P\left(1

1. The problem is to calculate the interest earned on an investment of 1000000 at an interest rate of 10% per annum for a duration of six months. 2. First, convert the annual inter