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?
Did you find an error or inaccuracy? Feel free to write us. Thank you!
Thank you for submitting an example text correction or rephasing. We will review the example in a short time and work on the publish it.
Tips for related online calculators
You need to know the following knowledge to solve this word math problem:
Related math problems and questions:
- Beginning 31671
At the beginning of the year, Mr. Novák borrowed CZK 30,000 for two years with an interest rate of 11.8%. He will repay the debt at once after two years. The bank pays interest once a year, always at the end of the year. How much does Mr. Novák have to re
- 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?
- 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?
- 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?
- 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?
- 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?
At the beginning of the year, Michael'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?
- 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?
- 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?
- Relationship) 38031
We borrowed CZK 50,000. The annual interest rate was 6%. We have to repay the entire debt in 5 years. How much will we pay? (use the compound interest relationship).
- Borrowed 2676
Erik borrowed 50 euros from his mother for four months at a rate of 5% p. a. (per year). How much does he have to return?
- Principal and interest
Peter put € 270 principal into the bank, and at the end of the year, the account was € 282. To what annual interest rate had Peter deposited money in the bank?
- Obtained 31531
On 1 March, Mr. Závora obtained a loan from the bank for CZK 70,000 for four months. The interest rate is 9.5%. How much will he repay to the bank?
- Entrepreneur 7971
Tatrabanka offers deposits with an annual interest rate of 3.6%. How much EUR must an entrepreneur deposit in Tatrabanka so that at this interest rate, after the end of the year, the bank will credit him with €1,000 interest on the deposit?
- Present value
A bank loans a family $90,000 at a 4.5% annual interest rate to purchase a house. The family agrees to pay the loan off by making monthly payments over 15 years. How much should the monthly payment be in order to pay off the debt in 15 years?
Shuyen wanted to save some money. She deposited Php.300 in a bank that pays 0.5% interest per annum. After nine months, she needed the money to buy some gifts. How much will she be able to get if he withdraws all her money from the bank?
- You take
You take out Php 20000 loan at a 5% interest rate. If the interest is compounded annually, a. Give an exponential model for the situation b. How much Will you owe after ten years?