What is the simple interest on ₱ 30,000 for six months at a simple interest rate of 12% (b) What is the compound interest if the same investment is compounded quarterly? (c) Obtain the difference.
What is the simple interest on ₱ 30,000 for six months at a simple interest rate of 12% (b) What is the compound interest if the same investment is compounded quarterly? (c) Obtain the difference.
Chapter4: Time Value Of Money
Section4.17: Amortized Loans
Problem 1ST
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- (a) What is the simple interest on ₱ 30,000 for six months at a simple interest rate of 12% (b) What is the
compound interest if the same investment is compounded quarterly? (c) Obtain the difference.
Note: please find also the compound amount and compound interest
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