Interest Rate Calculations and Evaluations
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ScribdTranslationsInterest Rate Calculations and Evaluations
Translated by
ScribdTranslationsMARITZA MURILLO UMAÑA
CODIGO: 81624
PROJECT EVALUATION
INTEREST EXERCISES - INTEREST RATE
An investment of $14,400,000 earns $2,092,800 in interest in 8 months.
Calcule: a) La tasa de interés simple anual, b) La tasa efectiva del periodo.
R/. 21,8 % anual, 14,533% en 8 meses.
Value (I) Interests/8 number (I) Interest/ Rate of
present months period monthly interest
interest monthly
$ 14,400,000 $ 2,092,800 8 $ 261,600 0.018166666
(i) Rate (I) Effective rate Effective rate
of interest/ of the period
interest annual
annual (%)
0.218 21.80 0.145333333 14.5333333
How long will a loan of $4,500,000 take to produce $253,130?
simple interest, if the interest rate is 45%? A/. 0.1250025 years.
P= $4’500.000
I= $253.130
i= 45%
n = 253.130/4,500,000 = 0.125002469133802 Years
How long will it take for a certain amount of money to double if invested at
40% de interés simple. R/. 2,5 años.
P= $1,000,000
F= $2’000.000
i= 40%
n = (2,000,000 / 1,000,000)^(1/0.4) = 2.5 Years
4) Abigail invested a total of $65,000,000 in two different banks. In the Bank
Popular invested part of the $65,000,000 in a savings account that pays
payable yields at maturity for a term of 91 days and at an interest rate
of 19.35%. In Davivienda, he invested the rest with liquidable yields at the
maturity of 91 days and an interest rate of 21.8%. If at the end of the term, the
The total interest was $3,458,000, what was the amount invested in each of the
banks?. Take a year of 360 days. R/. $ 20,000,000 in Banco Popular and $
45,000,000 in Davivienda.
Banco Popular = 19.35% = X
Banco Davivienda = 21.8% = Y
I=$3,458,000
VP=$65.000.000
n=91
$3,458,000 = (x∗0.1935∗ 91/360) + (y∗ 0.218∗ 91/360
$65.000.000 = x + y
$65,000,000
$3,458,000 = ($65,000,000 - y∗0.1935∗ 91/360) + (y∗ 0.218∗ 91/360
$3,458,000 = ($65,000,000 - y)∗0.0489125) + (y∗0.055105556
$3,458,000 = $3,179,312.50 - 0.0489125y + 0.055105556y
$3,458,000 - $3,179,312.5 = -0.0489125y + 0.055105556y
$278,687.5 = y(0.00619306)
y= $45.000.000 (44.999.997)
x = $65,000,000 - $45,000,000
x= $20,000,000 The amount invested in the Popular bank was $20,000,000 and in
Davivienda was $45,000,000
How much will a merchant pay for a credit granted to him by a factory?
sweets and chocolates, when purchasing for $3,500,000 with a 25-day term, if they charge you
a monthly interest rate of 3%? A/. $3,587,500.
P= $3’500.000
n = 25 Days
i = 3%M
I = 4,200,000 * 0.025 * 1 = 105,000
An employee obtains a loan from their company for $4,200,000 to
buy appliances and agree to settle the loan two years later.
There is an agreement that while the debt exists, it will pay monthly interest of
2,5% mensual. ¿Cuánto deberá pagar de intereses cada mes?. R/. $ 105.000
P= $4’200.000
i= 2.5% Monthly
I= 4’200.000*0.025*1=105.000
A person buys a stove on credit that has a cash price of $
1,765,000. Agreement to give an initial payment of $500,000 and final payment 3
months later. If you agree to pay an interest rate of 42% on the balance,
How much will it have to pay in 3 months? A/. $ 1,397,825.
CASH=$1,765,000
CREDITO= $500.000
P= 1’265.000
n = 3 MONTHS
i = 3.5% MONTHLY
F= 1,265.000 (1+0.035*3)= 1,397.825
A person signs a promissory note for a debt of $7,498,000 at 4
months of term. If the normal interest rate is 2.8% per month and the rate of
the late interest is 65%, calculate the total amount to be paid if the document is
canceled 25 days before expiration. R/. $ 8,676,227.39.
P= $7’498.000
n= 4 MONTHS
i= 2.8%
MORA= 65%
MORA= 25 DIAS
I= 7’498.000*0.65/12*25/30= 338.451.388888889
F = 7,498,000(1 + 0.028 * 4) + 338,451,388.8888888889 = 8,676,227.39
Mr. Milton García signs a promissory note for a loan of $7,000,000.
rate of 45% for a period of 90 days. Agrees to pay an interest rate.
moratorium equal to 25% more than the normal rate. Calculate the moratorium interest and the
total amount to be paid if the document is settled 12 days after the date
due date. R/ $ 131,250 and $ 7,918,750.
i = (0.0375 * 0.25) + 0.037 = 4.6875%
I = 7,000,000 * 0.046875 * 12 / 30 = 131.250
F = 7,000,000(1 + 0.0375 * 3) + 131,250 = 7,918,750
10) Isabel invested $5,500,000 in a financial institution for a term of 28 days. If at
maturity received $5,620,000, a) what yield was obtained?, b) what rate of
interés anual ganó?. R/ $ 120.000 y 31.42%.
I= 5’620.000-5’500.000=120.000
i = ((5,620,000 / 5,500,000 - 1) * 28) * 360 = 28.05% ANNUAL
11) A computer costs $3,250,000 cash. A student is
agreement to provide a down payment of 25% of the price in cash and the rest in 90 days
days, with a 15% surcharge on the cash price. What interest rate
simple annual pays the student? A/. 80% annual.
i = 487.500 / 2,437.500 * 0.25 = 80% ANNUAL
12) Luis obtains a loan for the amount of $7,500,000 for two and a half years.
term and a simple interest rate of 2.6% per month. How much will he pay for
What is the concept of interest? How much will be paid at the end of the term for the loan?
received?. R/. $5,850,000 and $13,350,000.
I= 7’500.000*0.026*30=5’850.000
F=7,500,000(1+0.026*30)= 13,350,000