• You borrow Php 5,000 today and must repay a total of Php 4,500 exactly 1 year later. What is the interest amount and the interest rate paid?

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
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Chapter1: Making Economics Decisions
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Engineering Econom

s.com/les/3056044/5CORM_51508648/res/index.ttral
• You borrow Php 5,000 today and must repay a total of
Php 4,500 exactly 1 year later. What is the interest
amount and the interest rate paid?
Calculate the amount deposited 1 year ago to have
P75 now at an interest rate of 25% per year. Also,
calculate the amount of interest earned during this
time period.
Property of STI
IT2007
Weeks 3
( PREV
20カひ 9 m
Transcribed Image Text:s.com/les/3056044/5CORM_51508648/res/index.ttral • You borrow Php 5,000 today and must repay a total of Php 4,500 exactly 1 year later. What is the interest amount and the interest rate paid? Calculate the amount deposited 1 year ago to have P75 now at an interest rate of 25% per year. Also, calculate the amount of interest earned during this time period. Property of STI IT2007 Weeks 3 ( PREV 20カひ 9 m
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