Penny wants to borrow P5,000 from her cooperative. The cooperative charges 21% simple interest rate. How much should Penny pay back to the cooperative after 2 years? P=5,000, r= 0.21, t = 2 O P10,000 OP7,100 O P2,000

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
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33 and 34.
Penny wants to borrow P5,000 from her cooperative.
The cooperative charges 21% simple interest rate. How
much should Penny pay back to the cooperative after 2
years?
P-5,000, r = 0.21, t = 2
O P10,000
O P7,100
O P2,000
Transcribed Image Text:Penny wants to borrow P5,000 from her cooperative. The cooperative charges 21% simple interest rate. How much should Penny pay back to the cooperative after 2 years? P-5,000, r = 0.21, t = 2 O P10,000 O P7,100 O P2,000
If you deposited money in Philippine-based bank
named SoftBank, and SoftBank went bankrupt, your
money will be:
used to pay Philippines Deposit Insurance Company
(PDIC).
invested by Philippines Deposit Insurance Company (PDIC)
to various companies.
Ⓒrefunded by the Philippines Deposit Insurance Company
(PDIC) up to P50,000.
Transcribed Image Text:If you deposited money in Philippine-based bank named SoftBank, and SoftBank went bankrupt, your money will be: used to pay Philippines Deposit Insurance Company (PDIC). invested by Philippines Deposit Insurance Company (PDIC) to various companies. Ⓒrefunded by the Philippines Deposit Insurance Company (PDIC) up to P50,000.
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