I. Complete the table. Fil in the blanks of the table involvinga simple interest.PRINCIPALRATETIMEINTERESTP8,0001)7 monthsP210P15, 0004. 8%2)P3003)4. 5%4 monthsP500P1, 0004)1 year and 3 monthsP70P4, 5000. 25%5 and haf year5)

Solution 1: Interest = P*R*T P210 = P8,000 * R * 7/12 Rate = P210*12/(8000*7) = 4.50%

Answered: A. Complete the table. Fil in the…

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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A. Complete the table. Fil in the blanks of the table involving a simple interest. PRINCIPAL RATE TME NTEREST P8, 000 7 months P210 P15, 000 4. 8% 2) P300 3) 4. 5% 4 months P500 P1, 000 4) 1 year and 3 months P70 P4, 500 0. 25% 5 and haf year 5)