1.

Find the simple discount at 8% on 15,000 on March 8, 2014, if the debt is

repaid on March 8, 2017.
2. Find the discount of 38,000 due at the end of 4 years at 7% simple discount.
3. Give the discount if one borrows 14,700 at 8% simple discount for 2 years
and 9 months.
4. Find the simple discount at the rate of 9% of a debt of 9,900 which due at
the end of 11 months.
5. How much interest will be collected in advanced from a loan of 34,000 for 5
years if the discount rate is 14%?
6. A non-interest bearing note for 16,100 will be due at the end of 4 years. It
was discounted at 6% 180 days before due date. Find the discount.
7. At a simple discount rate 10%, find the discount on 6,350 borrowed on
January 13, 2015, if the debt is repaid on July 13, 2016.
8. Nia Sirug borrowed 28,000 from Isabel who charged a discount rate of 11%
for 3 years. How much interest will be collected in advance from the loan?
9. At 16% simple discount, find the present value of 32,000 which is due at the
end of 150 days. What is the discount on the 32,000?
10.What is the bank discount of a 18,250 note at a 14.7% discount rate for 185
days?
11.Mac-mac loaned his father Mark Anthony 50,000 for 6 months at 7.9%. The
note was dated October 10, and Mac-mac discounted it on December 15 at
9.7%. Find the discount and proceeds.
12.For her new business, Merle Salmorin borrowed 180,000 from Crity Taedo
on February 14 at 6.2% for 270 days. Cristy discounted the note at the SSCR
Bank on May 1 at 8.7%. How much did the bank earn? How much did Cristy
receive?
13.Joselito Gando loaned 40,000 for 100 days at 9.5%. After 45 days he took
the note to the bank to discount it at 10.8%. What is the amount of discount
and proceeds?
14.On April 7, Francisco Riodique received a 210-day note with a face value of
32,000, at 6.9% interest per year. On July 21, the firm discounts the note at
the bank. Find the discount and proceeds to Francisco if the bank discount
rate is 8.6%.
15.WSS Inc. received a 250,000 promissory note for 180 days at 11% simple
interest from one of its customers. After 120 days, WSS Inc. needed cash so it
discounted the note at the Thrift Bank at a discount rate of 12%. What are
the proceeds WSS Inc. will receive from the discounted note?
16.RFS Printing Press received a 130,000 promissory note at 10.3% simple
interest for 90 days from one of its client. On day 50, RFS discount the note at
the AUS Commercial Bank at a discount rate of 14%. What was the maturity
value of the note?
17.GMS Trading received a 375,000 promissory note at 9.7% simple interest for
11 months from one of its customers. After 7 months, the note was
discounted at the SSS Bank at a discount rate of 13.8%. What were the
proceeds GMS will receive from the discounted note?

18.RRS Company accepted a 420,700, 9.6%, 150-day note dated August 1 from
SJS Corporation in settlement of a past bill. On November 6, RRS discounted
the note at Rural Bank at 11.5%. What are the notes maturity value and
bank discount?
19.Accumulate 12,300 for 2 years and 9 months at 6 % simple discount.
20.Find the amount of loan for 2 years and 6 months at 9% simple discount rate
if its proceeds are 27,000.
21.How much should Shiela Sirug borrow to have 37,600 today if she promised
to pay it in 4 years at 7.4%?
22.A man needs 52,000 as proceeds. It is obtain able from a bank that charges
a discount rate of 8% per annum, but prefers that the note be non-interest
and non-discount bearing. Find how much the face of the note should be for 2
years and 6 months.
23.How much should one borrow for 3 years and 3 months at 8.1% simple
discount if he needs 39,250 now?
24.How much should one borrow for 1 year and 6 months at 7% simple discount
if he needs 26,500 now?
25.How much would Mrs. Sirug ask for, if she needs 72,000 cash which will be
repaid 3 years and 9 months with 8% simple discount?
26.A man needs 90,000, and it is obtainable from a bank that charges 9.5%
interest, collected in advance, but prefers that the promissory note be noninterest bearing. Find the face of the note that the man must sign in order to
obtain 90,000 as proceeds, for a 4 year note without interest.
27.Ethel Cruz signed a 26,000 simple discount promissory note at the Central
Bank of the Philippines. The discount rate is 12.9%, and the note was made
on January 16 for 120 days. What proceeds will Ethel receive on the note?
28.A man wants to get 93,000 cash with a loan to be repaid in 7 months. If he
borrows the money from a financial institution that charges a 7.6% discount
rate. What size of loan should he ask for?
29.Determine the discount interest rate if 17,000 is the present value of
19,200 due in 20 months.
30.At what simple discount rate is 15,800 the present value of 17,100 if the
amount is due in 10 months?
31.If 11,000 is the proceeds of 14,250 due in 11 months, what is the simple
discount rate?
32.If 10,200 is the present value of 13,000 due at the end of 15 months, find
the discount interest rate.
33.Determine the discount rate if 24,650 is the proceeds of a loan of 33,400
due in 2 years and 9 months.
34.If the proceeds of a loan of 7,000 will be paid with 8,600 at the end of 2
years and 6 months, what is the simple discount rate?
35.Geraldine Briones applied a 45,100 loan. After deducting the interest in
advance, she received 38,400. If the loan was to be paid at the end of 9
months, at what rate was the interest charged?
36.The simple discount on 8,150 for 12 months is 1,250. Determine the rate.

37.What is the interest rate of a simple discount note for 15,160, at a bank
discount rate of 11.7% for a period of 125 days?
38.Shiela Tandoc signed a 110,000 simple discount promissory at a savings
bank discount rate of 10.6%. If the term of the note was 160 days, what is the
discount rate of the note?
39.How long will 26,200 accumulate to 29,000 if the discount is 7%?
40.How long it will take for 15,700, if the discount rate is 10%?
41.When will 18,125 be the present value of 20,250 if the discount rate is
12%?
42.How long should 65,000 be discounted to have proceeds of 50,000 at 13%
simple discount rate?
43.When should 24,700 be due if its present value is 22,900 at a simple
discount rate of 8 %?
44.The discount on 40,300 is 3,750 at 6%. When is the amount due?
45.If the discounted value of 37,000 is 34,100 at a simple discount rate of
12%, when will it due?
46.In what time will it take for 18,200 to become 20,200, if the discount rate is
9%?
47.For a loan of 48,000, Menerizza Valenzuela receives 44,300. If the discount
rate is 5%, when is the loan due?
48.Find the term of a loan whose proceeds and maturity value are 80,000 and
respectively, at a discount interest rate of 13%?
49.Accumulate 23,800 for 8 years at 10% compounded quarterly.
50.Find the amount due if 46,000 is invested at 8% compounded semi-annually
for 4 years.
51.To what sum of money will 71,200 accumulate in 2 years and 9 months at
7% compounded annual ly?
52.On February 14, 2014, Adonis Samson borrowed 60,250 at 7% compounded
semi-annually. How much does he still owes for June 14, 2019?
53.Determine the final amount and interest if 29,400 is invested at 12%
compounded quarterly for 3 years.
54.On March 6, 2013, a man borrowed 40,500 and promised to pay the
principal and interest at 13% compounded annually on September 6, 2016.
How much will he pay?
55.Find the compound amount and interest on 230,000 for 4 years and 6
months at 9% compounded bimonthly.
56.Five years ago a trust fund amounting to 345,000 was invested at 15%
compounded semiannually. Find the amount in the fund now.
57.Philip Cheng inherited 1,500,000 on the day he became 35 years old. Under
the specifications of the will the money was placed in a trust fund that earned
interest at 12.8% compounded quarterly. What amount was in the fund on
Philips fortieth birthday?
58.The sum of 700,000 was invested for 4 years at 8.4% interest compounded
bimonthly. How much was in the fund at the end of four years?
59.Find the present value of 35,000 due in 4 years if money is worth 9%
compounded annually.

60.In order to accumulate 63,000 in 4 years, how much should one invest now
at 15% compounded quarterly?
61.Imelda Roque bought a component from a friend and paid 10,000 cash and
agreed to pay 15,000 two years later. At 15% compounded semiannually,
find the cash value of the component.
62.If money is invested at 18% compounded bimonthly, find the present value of
7,800 due at the end of 3 years and 6 months.
63.An obligation of 27,300 is due February 28, 2017. What is the value of this
obligation on November 28, 2014 at 12% compounded semiannually?
64.In buying a car, Rojen Mae Yap pays 160,000 cash and agrees to pay
540,000 for 5 years at 16% interest compounded quarterly. Find the cash
value of the car.
65.A note with maturity value of 42,560 is due in 4 years and 9 months. What
is the present value at 5.6% compounded semiannually?
66.In his will a San Sebastian College alumnus appointed a trust company to
handle his estates. The company was instructed to set aside a sum in a
separate account sufficient to pay his alma matter 10,000,000 at the end of
30 years. What sum should the company deposit in the separate account if it
earns 7.5% converted semiannually?
67.A man can buy a lot for 4,600,000 cash or for payments of 3,500,000 down
payment and 2,500,000 in 3 years. If he can earn 8% converted quarterly on
his money which plan is better?
68.A piece of property can be purchased for 10,000,000 cash or 11,950,000 in
12 months. Which is better plan for the buyer money is worth 12%
compounded monthly? Give the cash equivalent of the savings made by
adopting the better plan.
69.A certain sum of money is invested at 4 years at 10% compounded quarterly.
If the sum is 31,700, find the compound interest.
70.Four years ago, the original amount in a fund was 90,000. The interest rate
is 12.4%. Find the interest compounded semiannually.
71.Grace Ac-ac invested 160,000 at 13% compounded annually. At the end of
15 years, what is the compound interest?
72.For a sum of money to double itself in two decades, what must be the rate of
interest converted semiannually?
73.If the money supply increased from 1.45 trillion in 2000 to 2.13 trillion in
2015, what was the annual compounded rate of increase?
74.Determine the interest if 16,800 is invested at 12% compounded quarterly
for three years.
75.Find the compound interest on 30,000 at the end of 6 years at 9%
compounded semiannually.
76.Find the interest charged on a loan of 50,250 for 4 years at 8% compounded
annually.
77.If money is worth 11% converted semiannually, find the interest of 80,000
due at the end of 3 years.
78.If 62,000 is invested at 15% compounded quarterly, find the compound
interest in 5 years.

79.Find the rate compounded annually if 18,000 accumulates to 22,000 in 4

years and 3 months.
80.At what rate compounded semiannually will 19,700 accumulates to 25,000
in 4 years and 9 months?
81.For some of money to double itself in 4 years, what must be the rate of
interest converted quarterly?
82.At what rate compounded bimonthly does 47,000 earn 4,600 at the end of
6 years?
83.The sum of 45,000 invested on April 16, 2014 amounts to 60,000 on July
16, 2015. At what rate compounded annually is interest computed?
84.What nominal rate compounded bimonthly will triple the amount of 11,200
in 8 years?
85.Christopher Flores who invested at 39,900 had 44,700 returned to him 4
years later. At what rate of interest converted quarterly did his money earn?
86.A sari-sari store established 2013 had sales of 100,000 that year. If this
amount was invested and expected to be 210,000 in 6 years, what must be
the rate of interest if it is compounded semiannually?
87.A loan of 78,000 was repaid after having been owed for 11 years. Te
payment totaled 120,000. If compounded quarterly, what rate of interest
was paid?
88.Princess Zamora invested 670,000, she let the principal and interest
accumulate for 6 years to a total of 1,150,000. What annual rate of interest
compounded semiannually did she receive on this investment?
89.In how many months will money become three times itself at 9%
compounded quarterly?
90.Ignacio Katapang invested 93,600. This will amount to 110,000 in how
many years at 9.3% compounded annually?
91.How long will it take an investment to increase at least 50% in peso value if
the interest rate is 6% converted quarterly?
92.Find the time required to triple the money if interest is compounded annually
and the interest rate is 8.7%.
93.A child 7 years old is left 3,500,000. Under the condition of the will, the
money is to be invested until it amounts to 5,000,000. If the money is
invested at 7.5%, how old will be the child be when the 5,000,000 is
received? (Give the answer in the nearest birthday.)
94.How long it will take for 27,000 to accumulate to 30,500 at 18%
compounded bimonthly?
95.A principal of 9,180 was placed in an investment which gives the interest of
12% compounded monthly. How long will it get the amount of 15,000?
96.Geraldine Briones had 700,000 on a trust fund which earns 14% converted
semiannually. She plans to put up an electronic business as soon as the fund
contains an amount of 1,000,000. On what date will that amount be
available?
97.How long will it take 16,000 to amount 20,000 at 18% compounded
bimonthly?

98.An investment of 60,800 increases to 83,200, if invested at 15%

compounded monthly. Find the term of the investment.