Question:
Solve the following problem, upload your answer via google drive. See to it that you
show your complete solution.
1. Find the actual time and approximate time from Apr. 14, 1995 to Nov. 20, 1995. (
for 5 points )
2. Dina placed Php 18,000 in a 240-day term deposit earning 8.5% per annum. How
much will the bank pay Abel on the maturity date?
3. Find the interest on PHP 65,250 at 9.5% interest from Mar. 12, 2020 to Sept. 15,
2020, using the following: ( for 20 points)
a,) ordinary interest using actual time.
b.) ordinary interest using approximate time.
c.) exact interest using actual time.
d.) exact interest using approximate time.
Answer:
Solve the following problem, upload your answer via google drive. See to it that you
show your complete solution.
1. Find the actual time and approximate time from Apr. 14, 1995 to Nov. 20, 1995. (
for 5 points )
2. Dina placed Php 18,000 in a 240-day term deposit earning 8.5% per annum. How
much will the bank pay Abel on the maturity date?
3. Find the interest on PHP 65,250 at 9.5% interest from Mar. 12, 2020 to Sept. 15,
2020, using the following: ( for 20 points)
a,) ordinary interest using actual time.
b.) ordinary interest using approximate time.
c.) exact interest using actual time.
d.) exact interest using approximate time.
Answer:
