1. Nestor Crus borrowed P3,000 with an interest of 12%. Compute the interest and final amount if he will pay it in a) 3 years b) 8 months c) Days: September 11, 2014 to January 20, 2015 i. Banker's rule Actual, exact time period Approximate, ordinary time period Approximate, exact time period ii. iv.

1. Nestor Crus borrowed P3,000 with an interest of 12%. Compute the interest and final amount if he will pay it in a) 3 years b) 8 months c) Days: September 11, 2014 to January 20, 2015 i. Banker's rule Actual, exact time period Approximate, ordinary time period Approximate, exact time period ii. iv.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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