2. Suppose Jun invested in a bank that gives a 5% interest rate per annum of 5%, an amount earned P150,000 in 5 years. How much money was originally invested? 3. How long will P50,000 amount to P100,000 if the simple interest rate is 5% per annum? 4. John invested P150,000 in a bank after 20 years. He earned P50,000. What is the interest rate?

2. Suppose Jun invested in a bank that gives a 5% interest rate per annum of 5%, an amount earned P150,000 in 5 years. How much money was originally invested? 3. How long will P50,000 amount to P100,000 if the simple interest rate is 5% per annum? 4. John invested P150,000 in a bank after 20 years. He earned P50,000. What is the interest rate?

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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hello please answer all the question given, i can't submit again so please do help me. I really need this to be answered. thank you and Godbless.

2. Suppose Jun invested in a bank that gives a 5% interest rate per annum of
5%, an amount earned P150,000 in 5 years. How much money was originally
invested?
3. How long will P50,000 amount to P100,000 if the simple interest rate is 5%
per annum?
4. John invested P150,000 in a bank after 20 years. He earned P50,000. What
is the interest rate?

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