Determine the proceeds If the interest in advance is to bededucted for a loan worth P 250 000 due after 2 yearswith a discount rate of 10 1/4%.A. P 196 750B. P 198 750C. P 200 750Answer:Mrs. Garcia borrowed some money at the rate of 4% perannum for the first year, at the rate of 6% per annum forthe next 2 years, and at the rate of 7.5% per annum for theperiod beyond 3 years. If he pays a total interest of P 15750 at the end of 5 years, how much money did heborrow?A. P 50 706.45B. P50 806.45C. P50 906.45Answer:How long will it take for P 75 000 to earn P 15 000 if therate of interest is 6.5%?A. 3 years and 28 daysB. 3 years, I month and 28 daysC. 3 years and 25 daysAnswer:

Interest means the extra amount which we received because of investment made and will be paid in…

Answered: Determine the proceeds If the interest…

Determine the proceeds If the interest in advance is to be deducted for a loan worth P 250 000 due after 2 years with a discount rate of 10 1/4%. A. P 196 750 B. P 198 750 C. P 200 750 Answer:

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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Question

Determine the proceeds If the interest in advance is to be
deducted for a loan worth P 250 000 due after 2 years
with a discount rate of 10 1/4%.
A. P 196 750
B. P 198 750
C. P 200 750
Answer:
Mrs. Garcia borrowed some money at the rate of 4% per
annum for the first year, at the rate of 6% per annum for
the next 2 years, and at the rate of 7.5% per annum for the
period beyond 3 years. If he pays a total interest of P 15
750 at the end of 5 years, how much money did he
borrow?
A. P 50 706.45
B. P50 806.45
C. P50 906.45
Answer:
How long will it take for P 75 000 to earn P 15 000 if the
rate of interest is 6.5%?
A. 3 years and 28 days
B. 3 years, I month and 28 days
C. 3 years and 25 days
Answer:

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