Directions: Solve the following problems. 1. Glenda owes the bank some money. åt 4% per year. Afer fialka year, she paid PHP220.00 as interest. How much money does she owe the bank? 2. Martin takes a loan of PhP250,000 to buy a used truck at the rate of 9% simple interest. Calculate the annual interest to be paid for the loan amount.

Directions: Solve the following problems. 1. Glenda owes the bank some money. åt 4% per year. Afer fialka year, she paid PHP220.00 as interest. How much money does she owe the bank? 2. Martin takes a loan of PhP250,000 to buy a used truck at the rate of 9% simple interest. Calculate the annual interest to be paid for the loan amount.

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter6: Saving And Investing

Section6.1: Why Save?

Problem 6R

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