Please answer these: 1. What is the (a) ordinary simple interest and (b) exact simple interest on P 1,000,000.00invested at exactly four (4) years with an interest rate of 11%?2. Josh lend P 1,000.00 to Tim with a simple interest of 10% per year for the next five(5) years. Draw the cash flow diagram for Josh, where he received P 1,100 pesos onthe 5th year.3. Tim borrowed P 15,000.00 from Dave and will pay P 18,150.00 with a simple interestrate of 3% per annum. How many years did Tim borrowed the money from Dave?4. Six (6) years from now, the value deposited in a bank is P 210,300.00. What is thedeposited amount if the bank has an interest rate 0.25% per year compoundedcontinuously?5. Tim borrowed P 11,000.00 from Edward and will pay P 17,663.60 after 7 years. Howmuch is the interest rate if the interest is compounding annually?

Ordinary simple interest takes in account 360 days in a year while exact simple interest takes in…

Answered: 1. What is the (a) ordinary simple…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter11: Capital Budgeting Decisions

Section: Chapter Questions

Problem 3PB: Use the tables in Appendix B to answer the following questions. A. If you would like to accumulate...

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1. What is the (a) ordinary simple interest and (b) exact simple interest on P 1,000,000.00 invested at exactly four (4) years with an interest rate of 11%?