3. If you borrow money from your friend with simple interest of 12%, find the present worth of P20,000, which is due at the end of nine months. Ans. P18,348.62 4. Determine the exact simple interest on P5,000 for the period from Jan. 15 to Nov. 28, 1992, if the rate of interest is 22%. Ans. P955.74
3. If you borrow money from your friend with simple interest of 12%, find the present worth of P20,000, which is due at the end of nine months. Ans. P18,348.62 4. Determine the exact simple interest on P5,000 for the period from Jan. 15 to Nov. 28, 1992, if the rate of interest is 22%. Ans. P955.74
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Solve questions no.3 and 4, and show a clear and readable solution.
Note: The answer is given on the bottom side of each number, just show the solution on how to get it. Also, please write the given and the required.
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