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Math Invs - Problem Set 1

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Problem Set 1

Jose Arnaldo B. Dris

Department of Mathematics and Physics

Institute of Arts and Sciences

Far Eastern University

josearnaldobdris@gmail.com

December 5, 2015

FEU quiz booklet. Use a BLACK-INK ballpen and BOX your final an-

swers.

(1) Find the unknown quantities for every given set of conditions

in the following table. Assume a simple interest rate model and peso

currency throughout. NOTE : In (g) and (h), use actual time.

Item P r t I F

(a) 15, 800 10.75% 3, 575

(b) 20, 000 12.25% 1, 200

(c) 9.75% 2.5years 30, 000

(d) 10% 1.5years 50, 000

(e) 20, 000 11.5% 9months

(f ) 10% 1, 500 58, 500

(g) 12% 150days 1, 200

(h) 12, 500 10% 120days

(i) 30, 000 10.5% 55, 000

(j) 11.75% 4, 500 22, 800

(2) Re-compute the missing values in (1g) and (1h) using approxi-

mate time.

1

(a) At what simple interest rate will a sum of money be doubled in

6 years?

25, 000 in 2 years?

(c) A man got a loan of 20, 000 with an interest of 3, 500 in 1.5 years.

What is the interest rate?

the interest rate.

(4) Find the ordinary and exact interest and the amount due on

20, 000 at 15% from January 15 to October 20, 2000 using the

(5) Find the amount if 30, 000 is invested at 14.25% for 100 days using

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