1. A loan of Php 300, 000 is to be repaid in full after 5 years. If the interest rate is 9% per annum.

How
much should be paid after 5 years?

2. For a purchase of a house and lot worth Php 2,500,000, the bank requires 15% down payment, find
the mortgage amount?

3. A car dealer offers a 15% down payment to purchase a car. How much is the mortgage amount if the
cash value of the car is Php 1, 450, 000?

4. If a house is sold for P1,900,000 and the bank requires 30% down payment, how much is the
mortgage amount?

5. A house costs P250,000 and you give 15% down payment. What is the amount of your mortgage?

6. Mr. Tharn got a Php 900, 000 loan for the expansion of his business payable monthly in 6 years. How
much is the monthly amortization if the rate is 14% compounded monthly?

7. A consumer loan worth Php 50, 000 is to be repaid in 12 months at 7% convertible monthly. How
much is the monthly payment?

8. A loan of P800,000 is to be repaid in full after 6 years. If the interest rate is 12% per annum. How much
should be paid after 6 years?

9. Alden borrowed P1,200,000 for the purchase of a car. If his monthly payment is P30,000 on an 9-year
mortgage, find the total amount of interest.

10. A consumer loan worth P100,000 is to be repaid in 12 months at 11% convertible monthly. How
much is the monthly payment?