Mathematics of Investment Problem Set 2

1. Find the ordinary interest and amount on 2,200php at 4 3/8% simple interest from December 3,
2022 to March 30, 2023 using the actual time.
2. Find the ordinary interest and amount on 3, 150php at 5 2/5% simple interest from November 27,
2022 to May 17, 2023 using approximate time.
3. Find the exact interest and amount on 4,510php at 6 1/5% simple interest from September 11,
2022 to May 21, 2023 using actual time.
4. What amount should be paid on the due date August 9, 2022 on a loan of 4,300php made on April
2, 2023 with 4 4/5% simple interest?
5. What amount should be paid on February 14, 2022 on a loan of 5,090php made on October 7,
2023 with 5 3/5% simple interest?
6. Find the amount due on February 12, 2022 if the present value on September 26, 2022 is 10,200
at 6 7/8% simple interest.
7. Find the present value due on August 10, 2022, if the amount on December 13, 2022, that will
amount to 6,425php on February 26, 2023?
8. Ms. Daphne Rosagas needs 5,500php on August 19, 2022 for her children’s school expenses. She
plans to repay the money on December 6, 2022, what is the size of loan should she request from
the Employees Credit Cooperative if the interest-in-advance is 6 3/8%?
9. A note date October 16, 2022 has a face value of 5,900 and bears interest at 7 3/5% at the end of
180 days. On February 1, 2023 it was discounted at 6 7/8%. Find the proceeds.
10. M.A. Corporation holds the following non-interest-bearing notes. On October 16, 2022 they are all
discounted at a bank that charges 6 ¼% simple discount. Find the total proceeds.
Face Value Date of Note Term of Note
a. 1,050php September 2, 2022 60 days
b. 3,400php September 9, 2022 5 mos.
c. 2,800php September 26, 2023 120 days.
d. 4,400php October 16, 2023 3 mos.