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How much money will you have after 4 years if you deposited P10,000.00 in a bank that pays 6% simple interest? 4. 5. How long will an amount of money triple at a simple interest rate of 1% per annum?

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter11: Capital Budgeting Decisions

Section: Chapter Questions

Problem 8EA: You put $250 in the bank for S years at 12%. A. If interest is added at the end of the year, how...

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How much money will you have after 4 years if you deposited P10,000.00 in a bank that
pays 6% simple interest?
4.
5.
How long will an amount of money triple at a simple interest rate of 1% per annum?

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