12.) Find the simple interest on a loan of P65,000.00 if the loan is given at a rate of 8% andis due in 6 years and 3 months. A. P3,250.00 B. P31,200.00 C. P32,500.00 D. P46,800.00 13.) Jamaico made a loan of P20,450.00 from a bank that charges 3% simple interest. How much must he pay the bank after 2 years? C. P32,720.00 D. P42,127.00 A. P1,227.00 B. P21,677.00 14.) At what interest rate compounded semi-annually will P15,000.00 accummulate to P25,000.00 in 10 years? A. 2.05% C. 4.05% B. 2.59% D. 5.17% 15.) ABC University anticipates additional expenses of P367,800.00 for a new equipment needed for offering a new course 5 years from now. How much should be invested in an account thal earns 12% compounded monthly? A. P62,427.83 C. P202,455.37
12.) Find the simple interest on a loan of P65,000.00 if the loan is given at a rate of 8% andis due in 6 years and 3 months. A. P3,250.00 B. P31,200.00 C. P32,500.00 D. P46,800.00 13.) Jamaico made a loan of P20,450.00 from a bank that charges 3% simple interest. How much must he pay the bank after 2 years? C. P32,720.00 D. P42,127.00 A. P1,227.00 B. P21,677.00 14.) At what interest rate compounded semi-annually will P15,000.00 accummulate to P25,000.00 in 10 years? A. 2.05% C. 4.05% B. 2.59% D. 5.17% 15.) ABC University anticipates additional expenses of P367,800.00 for a new equipment needed for offering a new course 5 years from now. How much should be invested in an account thal earns 12% compounded monthly? A. P62,427.83 C. P202,455.37
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
answer 13-15 please
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% andis due in 6
years and 3 months.
A. P3,250.00
C. P32,500.00
B. P31,200.00
D. P46,800.00
13.) Jamaico made a loan of P20,450.00 from a bank that charges 3% simple interest. How much must he
pay the bank after 2 years?
A. P1,227.00
C. P32,720.00
B. P21,677.00
D. P42,127.00
14.) At what interest rate compounded semi-annually will P15,000.00 accummulate to
P25,000.00 in 10 years?
А. 2.05%
В. 2.59%
C. 4.05%
D. 5.17%
15.) ABC University anticipates additional expenses of P367,800.00 for a new equipment needed for
offering a new course 5 years from now. How much should be invested in an account that earns
12% compounded monthly?
C. P202,455.37
D. P668,181.05
A. P62,427.83
B. P165,344.63
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