GET A PAPER AND PEN TRY THIS OUTI A very good friend borrowed money from you. You lent her P10,000 with the following conditions on charging one-time interest on the full amount: > 1% if she returns the money after a month. > 3 % if she returns it after 6 months > 5% if she returns it after 1 year. How much interest can you collect if your good friend pays you after 2 months ? After 2 years? How much interest can you collect if your good friend pays you after 2 months? After 2 years?

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ISBN:9780470458365
Author:Erwin Kreyszig
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GET A PAPER AND PEN TRY THIS OUTI
A very good friend borrowed money from you. You lent her P10,000 with the following
conditions on charging one-time interest on the full amount:
> 1% if she returns the money after a month.
> 3 % if she returns it after 6 months
> 5% if she returns it after 1 year.
How much interest can you collect if your good friend pays you after 2 months ? After 2
years?
How much interest can you collect if
your good friend pays you after 2
months?
After 2 years?
Transcribed Image Text:GET A PAPER AND PEN TRY THIS OUTI A very good friend borrowed money from you. You lent her P10,000 with the following conditions on charging one-time interest on the full amount: > 1% if she returns the money after a month. > 3 % if she returns it after 6 months > 5% if she returns it after 1 year. How much interest can you collect if your good friend pays you after 2 months ? After 2 years? How much interest can you collect if your good friend pays you after 2 months? After 2 years?
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