12.) Find the simple interest on a loan of P65,000.00 if the loan is given at a rate of 8% and is due in 6 years and 3 months. A. P3,250.00 C. P32,500.00 B. P31,200.00 D. P46,800.00
12.) Find the simple interest on a loan of P65,000.00 if the loan is given at a rate of 8% and is due in 6 years and 3 months. A. P3,250.00 C. P32,500.00 B. P31,200.00 D. P46,800.00
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![12.) Find the simple interest on a loan of P65,000.00 if the loan is given at a rate of 8% and is due in 6
years and 3 months.
A. $3,250.00
C. P32,500.00
B. P31,200.00
D. P46,800.00](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fe3eec2c2-0a7a-429e-ba21-f1f37da0cebd%2F12ec48e7-38e3-4e55-a493-94b46e2701ca%2Fzzxarpi_processed.jpeg&w=3840&q=75)
Transcribed Image Text:12.) Find the simple interest on a loan of P65,000.00 if the loan is given at a rate of 8% and is due in 6
years and 3 months.
A. $3,250.00
C. P32,500.00
B. P31,200.00
D. P46,800.00
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