# Loan 4

Mr. Santos borrowed Php.18,000 at 1.5% interest for one year. What was the total amount he paid for the end of the 1-year term?

### Correct answer:

Tips for related online calculators

Our percentage calculator will help you quickly calculate various typical tasks with percentages.

Do you want to convert time units like minutes to seconds?

Do you want to convert time units like minutes to seconds?

#### You need to know the following knowledge to solve this word math problem:

#### Units of physical quantities:

#### Grade of the word problem:

## Related math problems and questions:

- A vendor 3

A vendor borrowed PHP 150,000 from their cooperative. The rate of interest was 11.5% a year. How much interest does he pay to the bank at the end of one year? - Mr. Cruz

Mr. Cruz borrowed 21,600 euros for three years at 16 2⁄3% compounded annually. At the same time, Mr. Santos borrowed the same Amount at Simple Interest for the same period and at the same interest rate. Who Pays more and how much? - Interest 6043

Mr. Vysoky took out a mortgage on the house. He borrowed a total of 2 million for ten years. The interest rate was 2.3%. How much will Mr. Vysoky pay in total if the interest rate does not change? - Edmond

Edmond Santos borrowed USD 20,000 for 18 months at 6 1/2 % per year. Find the APR (Annual Percentage Rate) if he repaid the loan monthly. The answer is: Note: APR is expressed as a percentage representing the actual yearly cost of funds over a loan term. - Borrowed 42101

Zuza borrowed a certain amount from the bank, with the proviso that she would return 15,000 euros a year. The annual interest rate was set at 4.5%. How much did Zuza borrow? - Interest 8369

Mr. Novák borrowed € 3,500 from the bank with an annual interest rate of 14%. He repaid the loan after a year. How much did he pay to the bank? - Mr. Brown

Mr. Brown invested 15,000 euros in the bank for an annual term deposit. After the first year, he gained 600 euros. What was the annual interest rate of his deposit? - Installment 38011

We borrowed CZK 150,000 at a monthly interest rate of 2%. At the end of each month, interest is added, and we immediately pay an installment of CZK 30,000. How much will we owe in 5 months? - Deposit is pesos

Sally deposits Php.22,000 in her savings account. If the bank pays 1.5% interest per year, how much will she receive at the end of the year? - Deposited 64034

At the beginning of the year, Mišek's father opened a bank account in which he deposited 1,800 euros. At the end of the year, he had 1,845 euros in his bank account. What was the annual interest rate in percent? - Mr. Vojta

Mr. Vojta put in the bank 35000 Kč. After a year of the bank, he was credited with an interest rate of 2% of the deposit amount. How, then, will Mr. Vojta be in the bank? - Account operations

My savings of PHP 90,000 in a bank earns 6% interest in a year. If I deposit an additional PHP 10,000 at the end of 6 months, how much money will be left if I withdraw PHP 25,000 after a year? - Annual interest

A loan of 10 000 euros is to be repaid in annual payments over ten years. Assuming a fixed 10% annual interest rate compounded annually, calculate: (a) the amount of each annual repayment (b) the total interest paid. - Ordering 4452

Mr. Milan bought a new bicycle. The Milan he chose was out of stock, so he had to order it. When ordering, he paid a deposit of 110 euros, which is 40% of the total price. How many euros did Mr. Milan's bike cost? - Melanie

Melanie invests a total of $21,500 in two accounts. The first account earned a rate of return of 15% (after a year). However, the second account suffered a 10% loss in the same time period. At the end of one year, the total amount of money gained was $225 - What amount

What amount of money will be required to repay a loan of $30000 on June 1, 2008? If the loan was made on September 1, 2001, at the interest rate of 14% compounded quarterly. - Savings

The depositor regularly wants to invest the same amount of money in the financial institution at the beginning of the year and wants to save 10,000 euros at the end of the tenth year. What amount should he deposit if the annual interest rate for the annua