Answer the following question with a solution. Complete the table below. Show your solution foreach item. Write your answer on a piece of paperSimple interestInterest rate Number of periods interestFinal amountPrincipal13, 008 pesos12, 000 pesos2.8 %1,008 pesos65, 500 pesos3.5%2.5 years47, 457.50 pesos 23, 150 pesos5 years24, 307.50 pesoCompound interest2 years3 уears24, 020 pesos0.1%48.06 pesos41.30 pesos36.50 pesos4.8 pesos25, 000 pesos6.25%6 years

Simple interest is referred to as the easy as well as quick method for the calculation of an…

Complete the table below. Show your solution for each item. Write your answer on a piece of paper Simple interest Final amount Principal Interest rate Number of periods interest 13, 008 pesos 12, 000 pesos 2.8 % 1,008 pesos 65, 500 pesos 3.5% 2.5 years 47, 457.50 pesos 23, 150 pesos 5 years 24, 307.50 peso Compound interest 24, 020 pesos 0.1% 2 years 48.06 pesos 41.30 pesos 36.50 pesos 3 years 4.8 pesos 25, 000 pesos 6.25% 6 years