A man deposited P5,000 in a bank at a rate of 10 % per annum for 3months and 25days. Find the accumulated amount. P5159.72 O P5259.72 O P5059.72 • P5359.72
A man deposited P5,000 in a bank at a rate of 10 % per annum for 3months and 25days. Find the accumulated amount. P5159.72 O P5259.72 O P5059.72 • P5359.72
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:A man deposited P5,000 in a bank at a rate of 10% per annum for 3months and 25days. Find the accumulated amount.
O P5159.72
O P5259.72
O P5059.72
P5359.72
ce 365
Aman deposited P3.000 in a bank at a rate of 12% per annum from January 10.1999 to November 18.1999. Find the exact simple interest
at
om LTI Pro
O 267
icrosoft Teams
etings
O 277
O 297
A man deposited P5,000 in a bank at a rate of 10% per annum for 2months and 25days. Find the ordinary simple inte
O P118.06
O P128.06
O P108.06
P138.06

Transcribed Image Text:Question 12
The interest rate is 10%. Find the effective rate of interest if it is paid twice times a year.
O 21%
O 22%
23%
O 24%
Question 13
A finaricing company charges 1.5% every six months on a loan, Find the equivalent effective rate of interest.
• 3.02%
O 2.02%
O 4.02%
O 1.02%
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