Find the maturity value and interest if Php 10,000.00 is deposited in a bank at 2% compounded quarterly for - Brainly.ph (2024)

FAQs

Find the maturity value and interest if Php 10,000.00 is deposited in a bank at 2% compounded quarterly for - Brainly.ph? ›

Now plugging your given into this: P = 10,000, r = 2% or 0.02 in decimal form, n = 4, since it is compounded quarterly, t = 5 years. So maturity value = A = 10,000(1 + (0.02)/4)^(4x5) = Php 11,048.96. Thus the interest = maturity value - principal = 11,048.96 - 10,000 = Php 1,048.96.

Answer: The maturity value is ₱11,048.96 and the compound interest is ₱1,048.96.

Given: P = 12,000 j = 15% or 0.15 m= 4 T= 4 years n = tm = 4 (4) = 16 i = j/m = 0.15/4 = 0.0375 F= P (1 + i )n F = 12,000 ( 1 + 0.0375)16 F = 12, 000 ( 1.0375)16 F = 12, 000 (1.802227807) F = 21, 626.73 will be the maturity value.

The maturity value formula is V = P x (1 + r)^n. You see that V, P, r and n are variables in the formula. V is the maturity value, P is the original principal amount, and n is the number of compounding intervals from the time of issue to maturity date. The variable r represents that periodic interest rate.

The principal amount of 40,000 takes 2.33 years to reach 51,200 with a simple interest of 0.12.

Now plugging your given into this: P = 10,000, r = 2% or 0.02 in decimal form, n = 4, since it is compounded quarterly, t = 5 years. So maturity value = A = 10,000(1 + (0.02)/4)^(4x5) = Php 11,048.96. Thus the interest = maturity value - principal = 11,048.96 - 10,000 = Php 1,048.96.

=Rs. 10,800. Hope this helps you!!

Interest = A - P Interest = 14,059.91 - 12,000 Interest ≈ 2,059.91 So, the interest earned in 4 years on 12,000 deposited in an account paying 4% compounded semi-annually is approximately 2,059.91.

The future value of $10,000 with 6 % interest after 5 years at simple interest will be $ 13,000.

The future value of $10,000 on deposit for 2 years at 6% simple interest is $11200.

What is the formula for interest? ›

The formula for calculating simple interest is: Interest = P * R * T. P = Principal amount (the beginning balance). R = Interest rate (usually per year, expressed as a decimal). T = Number of time periods (generally one-year time periods).

Computing Interest and Maturity Dates

Interest is calculated by taking the Principal of the Note times the Interest Rate times Time. Time is calculated as a ratio of # days the Note is outstanding divided by 360 days. The Maturity Date of the note is the date the principal and interest of the note are due and payable.

In finance, maturity or maturity date is the date on which the final payment is due on a loan or other financial instrument, such as a bond or term deposit, at which point the principal (and all remaining interest) is due to be paid.

$interest = ( $principal * $rate * $time ) / 100; echo "Simple Interest: $interest" ; ?>

Answer. where P is the principal amount, r is the rate of interest, and t is the time in years. Therefore, the simple interest for Php 50,000.00 invested at a rate of 12% for 4 years is Php 24,000.00.

How long will Php 70,000 amount to Php 84,000 with simple interest rate of 4% per annum? A. 0.5 yrs.

Therefore, the present value of Rs. 10000 due in 2 years at 5% p.a. compound interest when the interest is paid on a yearly basis is Rs. 9070.

I=A−P=11,025−10,000=Rs. 1,025. Find the amount and the compound interest on Rs 10000 at 5% per annum, for 2 years compounded annually.

=Rs. 10000(1+102×100)2(1+102×100)=Rs. 12705.