Civil Service Exam Reviewer · Simple Interest and Profit/Loss · medium
What is the maturity value of a ₱50,000 loan at 5% simple interest after 9 months?
- ₱1,875
- ₱51,875
- ₱72,500
- ₱52,500
Answer
B. ₱51,875
Solution
I = ₱50,000 × 0.05 × 9/12 = ₱1,875. Maturity value = ₱51,875.
More Simple Interest and Profit/Loss questions
- A motorcycle bought for ₱5,700 was sold for ₱4,275. What was the percent loss?
- An item was sold for ₱10,450 at a 10% profit on cost. How much did it cost?
- A store wants a 40% profit on an item that costs ₱5,300. What should its selling price be?
- What principal will earn ₱29,700 simple interest at 11% per year in 3 years?
- How many years will it take ₱64,000 to earn ₱57,600 at 15% simple interest?
- Find the exact simple interest (365-day year) on ₱69,000 at 10% for 60 days.
- A retailer marks up an item costing ₱1,560 by 50% of cost. What is the marked price?
- A sari-sari store owner buys 72 packs of biscuits at ₱57 each and sells all of them at ₱61 each. What is the total profit?
- What is the maturity value of a ₱39,000 loan at 5% simple interest after 9 months?
- A motorcycle bought for ₱1,800 was sold for ₱1,350. What was the percent loss?