{"id":50,"date":"2023-11-02T06:19:04","date_gmt":"2023-11-02T06:19:04","guid":{"rendered":"https:\/\/openbook.ums.edu.my\/financialmathematicsineconomics\/chapter\/2-5-review-exercises\/"},"modified":"2024-09-25T08:32:24","modified_gmt":"2024-09-25T08:32:24","slug":"2-5-review-exercises","status":"publish","type":"chapter","link":"https:\/\/openbook.ums.edu.my\/financialmathematicsineconomics\/chapter\/2-5-review-exercises\/","title":{"raw":"2.5 Review Exercises","rendered":"2.5 Review Exercises"},"content":{"raw":"&nbsp;\r\n<ol>\r\n \t<li style=\"text-align: justify;\">At what rate of simple interest will $1200 accumulate interest of $72 in 6 months?<\/li>\r\n \t<li style=\"text-align: justify;\">Eighty days after borrowing money, a person pays back exactly $850. How much was borrowed if the $850 payment includes principal and simple interest at 9 \u00be %?<\/li>\r\n \t<li style=\"text-align: justify;\">Find the present value at 12% simple discount of $1000 due in 5 months. What is the simple discount?<\/li>\r\n \t<li>\r\n<p style=\"text-align: justify;\">A bank charges 12% simple interest in advance. A borrower needs $2000 cash, to be repaid with interest in 9 months. What size loan should he ask for, and how much interest will he pay?<\/p>\r\n<\/li>\r\n<\/ol>\r\n[h5p id=\"9\"]","rendered":"<p>&nbsp;<\/p>\n<ol>\n<li style=\"text-align: justify;\">At what rate of simple interest will $1200 accumulate interest of $72 in 6 months?<\/li>\n<li style=\"text-align: justify;\">Eighty days after borrowing money, a person pays back exactly $850. How much was borrowed if the $850 payment includes principal and simple interest at 9 \u00be %?<\/li>\n<li style=\"text-align: justify;\">Find the present value at 12% simple discount of $1000 due in 5 months. What is the simple discount?<\/li>\n<li>\n<p style=\"text-align: justify;\">A bank charges 12% simple interest in advance. A borrower needs $2000 cash, to be repaid with interest in 9 months. What size loan should he ask for, and how much interest will he pay?<\/p>\n<\/li>\n<\/ol>\n<div id=\"h5p-9\">\n<div class=\"h5p-iframe-wrapper\"><iframe id=\"h5p-iframe-9\" class=\"h5p-iframe\" data-content-id=\"9\" style=\"height:1px\" src=\"about:blank\" frameBorder=\"0\" scrolling=\"no\" title=\"Chapter 2 Review Exercises\"><\/iframe><\/div>\n<\/div>\n","protected":false},"author":43,"menu_order":5,"template":"","meta":{"pb_show_title":"on","pb_short_title":"","pb_subtitle":"","pb_authors":[],"pb_section_license":""},"chapter-type":[49],"contributor":[],"license":[54],"class_list":["post-50","chapter","type-chapter","status-publish","hentry","chapter-type-numberless","license-cc-by-sa"],"part":39,"_links":{"self":[{"href":"https:\/\/openbook.ums.edu.my\/financialmathematicsineconomics\/wp-json\/pressbooks\/v2\/chapters\/50","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/openbook.ums.edu.my\/financialmathematicsineconomics\/wp-json\/pressbooks\/v2\/chapters"}],"about":[{"href":"https:\/\/openbook.ums.edu.my\/financialmathematicsineconomics\/wp-json\/wp\/v2\/types\/chapter"}],"author":[{"embeddable":true,"href":"https:\/\/openbook.ums.edu.my\/financialmathematicsineconomics\/wp-json\/wp\/v2\/users\/43"}],"version-history":[{"count":3,"href":"https:\/\/openbook.ums.edu.my\/financialmathematicsineconomics\/wp-json\/pressbooks\/v2\/chapters\/50\/revisions"}],"predecessor-version":[{"id":268,"href":"https:\/\/openbook.ums.edu.my\/financialmathematicsineconomics\/wp-json\/pressbooks\/v2\/chapters\/50\/revisions\/268"}],"part":[{"href":"https:\/\/openbook.ums.edu.my\/financialmathematicsineconomics\/wp-json\/pressbooks\/v2\/parts\/39"}],"metadata":[{"href":"https:\/\/openbook.ums.edu.my\/financialmathematicsineconomics\/wp-json\/pressbooks\/v2\/chapters\/50\/metadata\/"}],"wp:attachment":[{"href":"https:\/\/openbook.ums.edu.my\/financialmathematicsineconomics\/wp-json\/wp\/v2\/media?parent=50"}],"wp:term":[{"taxonomy":"chapter-type","embeddable":true,"href":"https:\/\/openbook.ums.edu.my\/financialmathematicsineconomics\/wp-json\/pressbooks\/v2\/chapter-type?post=50"},{"taxonomy":"contributor","embeddable":true,"href":"https:\/\/openbook.ums.edu.my\/financialmathematicsineconomics\/wp-json\/wp\/v2\/contributor?post=50"},{"taxonomy":"license","embeddable":true,"href":"https:\/\/openbook.ums.edu.my\/financialmathematicsineconomics\/wp-json\/wp\/v2\/license?post=50"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}