Answered: 1. Find the total simple interest on…

Business

Management

1. Find the total simple interest on P12,500 at 8% for 2 years.

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Question

1. Find the total simple interest on P12,500 at 8% for 2 years.

2. Find the total simple interest on P12,500 at 8% for 9 months.

3. How long will it take P80,000 to accumulate to P96,000 at 8% simple interest rate?

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