1. Find the difference between the simple interest and compound interest on a savings account deposit of P50000 at 10% per annum for 3 years.

Corporate Fin Focused Approach
5th Edition
ISBN:9781285660516
Author:EHRHARDT
Publisher:EHRHARDT
Chapter4: Time Value Of Money
Section4.17: Amortized Loans
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1. Find the difference between the simple interest and compound interest on a savings account
deposit of P50000 at 10% per annum for 3 years.
Transcribed Image Text:1. Find the difference between the simple interest and compound interest on a savings account deposit of P50000 at 10% per annum for 3 years.
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