Performance task No.2: SIMPLE INTERESTSDirections: Complete the table below. Show your solution on a separate sheet.1. Find the simple interest on a loan of P65,000 if the loan is given at a rate of20% and isdue in 3 years.2. Amparo invested a certain amount at 10% simple interest per year. After 2years, theinterest she received amounted to P3,000. How much did she invest?3. Miko borrowed P25,000 at 10% annual simple interest rate. How much should he payafter 3 years and 6 months?

1. Calculate the simple interest by the simple interest formula. Where 'P' refers to the principal…

Find the simple interest on a loan of P65,000 if the loan is given at a rate of20% and is due in 3 years. 1. Amparo invested a certain amount at 10% simple interest per year. After 2years, the interest she received amounted to P3,000. How much did she invest? 2. 3. Miko borrowed P25,000 at 10% annual simple interest rate. How much should he pay after 3 years and 6 months?

Find the simple interest on a loan of P65,000 if the loan is given at a rate of20% and is due in 3 years. 1. Amparo invested a certain amount at 10% simple interest per year. After 2years, the interest she received amounted to P3,000. How much did she invest? 2. 3. Miko borrowed P25,000 at 10% annual simple interest rate. How much should he pay after 3 years and 6 months?

Corporate Fin Focused Approach

5th Edition

ISBN:9781285660516

Author:EHRHARDT

Publisher:EHRHARDT

Chapter4: Time Value Of Money

Section4.17: Amortized Loans

Problem 1ST

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