Matemáticas Financieras

Universidad Panamericana

01. SIMPLE INTEREST

HOMEWORK

1. Find the simple ordinary and simple exact interest on a $500 loan during 90 days at
8.5% simple annual rate. 360 - 10.6250
365 - 10.4795

2. Find the simple ordinary and exact interest on a $600 loan for 118 days at 16%
annual rate. 360 - 31.4667
365 - 31.0356

3. Find the maturity value of a loan of $2,500 for an 18 months period at 12% annual
simple interest. 2,950

4. Find the value at maturity of a $1,200 loan during 120 days at 8.5% annual ordinary
simple interest. 1,234

5. What is the total amount that must be repaid in 64 days if a person borrowed
$10,000 at 15% exact simple interest? 10,263.0137

6. If a person requested a loan of $10,000 and agreed to repay $12,000 in six months,
what was the annual simple interest rate? 40%

7. What is the annual simple interest rate required:

a. For $1,000 to grow to $1,420 in 2.5 years. 16.8%
b. To double a certain amount of money in 8 years 12.5%
c. For $500 to earn $10 in two months. 12%

8. How long will it take for $1,000: (express the solution in months and years)
a. To earn $100 at 15% simple interest. 0.6667 years; 8 months
b. To grow to $1,200 at 13.5% simple interest. 1.4815 years 17.7778 months

9. Find the accumulated amount of:

a. $500 at 11% during 60 days (ordinary) 509.1667
b. $1,000 at 15% during 55 days (ordinary) 1,022.9167

10. Calculate the discounted value of:

a. $500 payable in 82 days at 9% (exact) 490.0908
b. $1,000 payable in 55 days at 15% (exact) 977.8969

11. What is the total amount accumulated in an investment of:

a. $5,100 in 6 months at a simple interest rate of 9%? 5,329.5000
b. $580 in 120 days at a simple exact interest rate of 18%? 614.3233

Academia de Finanzas
Escuela de Empresariales