Answer:
1. Amount of Interest:
5 000 x 0.05 = 250
Total Amount of Due:
5 000 x 1.05 = 5 250
2. Amount of Interest:
8 560 x 0.07(2) = 8 560 x 0.14
= 1 198.4
8 560 x [1 + 0.07(2)] = 8 560 x (1 + 0.14) = 8 560 x 1.14
= 9 758.4
3. Amount of Interest:
10 000 x 0.10(3) = 10 000 x 0.30
= 3 000
10 000 x [1 + 0.1(3)] = 10 000 x (1 + 0.3) = 10 000 x 1.3
= 13 000
4. Amount of Interest:
25 600 x 0.12(4) = 25 600 x 0.48
= 12 288
25 600 x [1 + 0.12(4)] = 25 600 x (1 + 0.48) = 25 600 x 1.48
= 37 888
5. Amount of Interest:
50 800 x 0.15(0.5) = 50 800 x 0.075
= 3 810
50 800 x [1 + 0.15(0.5)] = 50 800 x (1 + 0.075) = 50 800 x (1.075)
= 54 610
Step-by-step explanation:
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Answers & Comments
Answer:
1. Amount of Interest:
5 000 x 0.05 = 250
Total Amount of Due:
5 000 x 1.05 = 5 250
2. Amount of Interest:
8 560 x 0.07(2) = 8 560 x 0.14
= 1 198.4
Total Amount of Due:
8 560 x [1 + 0.07(2)] = 8 560 x (1 + 0.14) = 8 560 x 1.14
= 9 758.4
3. Amount of Interest:
10 000 x 0.10(3) = 10 000 x 0.30
= 3 000
Total Amount of Due:
10 000 x [1 + 0.1(3)] = 10 000 x (1 + 0.3) = 10 000 x 1.3
= 13 000
4. Amount of Interest:
25 600 x 0.12(4) = 25 600 x 0.48
= 12 288
Total Amount of Due:
25 600 x [1 + 0.12(4)] = 25 600 x (1 + 0.48) = 25 600 x 1.48
= 37 888
5. Amount of Interest:
50 800 x 0.15(0.5) = 50 800 x 0.075
= 3 810
Total Amount of Due:
50 800 x [1 + 0.15(0.5)] = 50 800 x (1 + 0.075) = 50 800 x (1.075)
= 54 610
Step-by-step explanation:
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