If Christine borrowed P 75 000 from the bank at an interest rate of 3.5%, how much is the interest in 8 months? A. 1500 B. 1750 C. 2 000
If Christine borrowed P 75 000 from the bank at an interest rate of 3.5%, how much is the interest in 8 months? A. 1500 B. 1750 C. 2 000
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 2STP
Related questions
Question
![If Christine borrowed P 75 000 from the bank at an
interest rate of 3.5%, how much is the interest in 8
months?
A. 1500
B. 1750
C. 2 000
Answer:
If P 27 500 is the present value of P 30 000 due at the end
of 18 months, find the discount rate.
A. 5.56%
B. 5.6%
C. 5.75%
Answer:
How long will it take for P 150 000 to amount to P 180 575
if the discount rate is 5%?
A. 3 years, 4 months and 19 days
B. 3 years, 3 months and 19 days
C. 3 years, 4 months and 20 days
Answer:](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F1d5c9751-ca3e-4c57-bdf2-fb6942f3fd34%2F45df972d-9ada-41ea-bc15-5bcd14ac2076%2F1ges1i9_processed.jpeg&w=3840&q=75)
Transcribed Image Text:If Christine borrowed P 75 000 from the bank at an
interest rate of 3.5%, how much is the interest in 8
months?
A. 1500
B. 1750
C. 2 000
Answer:
If P 27 500 is the present value of P 30 000 due at the end
of 18 months, find the discount rate.
A. 5.56%
B. 5.6%
C. 5.75%
Answer:
How long will it take for P 150 000 to amount to P 180 575
if the discount rate is 5%?
A. 3 years, 4 months and 19 days
B. 3 years, 3 months and 19 days
C. 3 years, 4 months and 20 days
Answer:
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