P50,000 is borrowed for 5 years at an annual interest rate of 6%. How much is the interest?

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
icon
Related questions
Question

this is a sub-part questions so please do answer. thank you!
ps. please do answer atleast 3 questions.

What's More
Directions: Read and Solve the following problem.
1. P50,000 is borrowed for 5 years at an annual interest rate of 6%. How much
is the interest?
2. Suppose Jun invested in a bank that gives a 5% interest rate per annum of
5%, an amount earned P150,000 in 5 years. How much money was originally
invested?
3. How long will P50,000 amount to P100,000 if the simple interest rate is 5%
per annum?
4. John invested P150,000 in a bank after 20 years. He earned P50,000. What
is the interest rate?
Transcribed Image Text:What's More Directions: Read and Solve the following problem. 1. P50,000 is borrowed for 5 years at an annual interest rate of 6%. How much is the interest? 2. Suppose Jun invested in a bank that gives a 5% interest rate per annum of 5%, an amount earned P150,000 in 5 years. How much money was originally invested? 3. How long will P50,000 amount to P100,000 if the simple interest rate is 5% per annum? 4. John invested P150,000 in a bank after 20 years. He earned P50,000. What is the interest rate?
Expert Solution
steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Knowledge Booster
Money Management and Achieving Financial Goals
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Essentials Of Investments
Essentials Of Investments
Finance
ISBN:
9781260013924
Author:
Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:
Mcgraw-hill Education,
FUNDAMENTALS OF CORPORATE FINANCE
FUNDAMENTALS OF CORPORATE FINANCE
Finance
ISBN:
9781260013962
Author:
BREALEY
Publisher:
RENT MCG
Financial Management: Theory & Practice
Financial Management: Theory & Practice
Finance
ISBN:
9781337909730
Author:
Brigham
Publisher:
Cengage
Foundations Of Finance
Foundations Of Finance
Finance
ISBN:
9780134897264
Author:
KEOWN, Arthur J., Martin, John D., PETTY, J. William
Publisher:
Pearson,
Fundamentals of Financial Management (MindTap Cou…
Fundamentals of Financial Management (MindTap Cou…
Finance
ISBN:
9781337395250
Author:
Eugene F. Brigham, Joel F. Houston
Publisher:
Cengage Learning
Corporate Finance (The Mcgraw-hill/Irwin Series i…
Corporate Finance (The Mcgraw-hill/Irwin Series i…
Finance
ISBN:
9780077861759
Author:
Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor
Publisher:
McGraw-Hill Education