ꜰɪɴᴅ ᴛʜᴇ ᴄᴏᴍᴘᴏᴜɴᴅ ɪɴᴛᴇʀᴇꜱᴛ ᴏɴ ₱₇₀,₀₀₀ ꜰᴏʀ ᴛᴡᴏ ʏ ᴇᴀʀꜱ ᴀᴛ ₄% ᴘᴇʀ ᴀɴɴᴜᴍ ᴡʜᴇɴ ᴄᴏᴍᴘᴏᴜɴᴅᴇᴅ ꜱᴇᴍɪ - ᴀɴɴᴜᴀʟʟʏ ᴇᴍᴍᴀɴᴜᴇʟ ᴛᴏᴏᴋ ᴀ ʟᴏᴀɴ ꜰᴏʀ ʜɪꜱ ᴡᴇᴅᴅɪɴɢ ꜰʀᴏᴍ ᴀ ʙᴀɴᴋ ꜰᴏʀ ₉ ᴍᴏɴᴛʜꜱ ᴀᴛ ₄% ᴘᴇʀ ᴀɴɴᴜᴍ
ꜰɪɴᴅ ᴛʜᴇ ᴄᴏᴍᴘᴏᴜɴᴅ ɪɴᴛᴇʀᴇꜱᴛ ᴏɴ ₱₇₀,₀₀₀ ꜰᴏʀ ᴛᴡᴏ ʏ ᴇᴀʀꜱ ᴀᴛ ₄% ᴘᴇʀ ᴀɴɴᴜᴍ ᴡʜᴇɴ ᴄᴏᴍᴘᴏᴜɴᴅᴇᴅ ꜱᴇᴍɪ - ᴀɴɴᴜᴀʟʟʏ ᴇᴍᴍᴀɴᴜᴇʟ ᴛᴏᴏᴋ ᴀ ʟᴏᴀɴ ꜰᴏʀ ʜɪꜱ ᴡᴇᴅᴅɪɴɢ ꜰʀᴏᴍ ᴀ ʙᴀɴᴋ ꜰᴏʀ ₉ ᴍᴏɴᴛʜꜱ ᴀᴛ ₄% ᴘᴇʀ ᴀɴɴᴜᴍ
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
ꜰɪɴᴅ ᴛʜᴇ ᴄᴏᴍᴘᴏᴜɴᴅ ɪɴᴛᴇʀᴇꜱᴛ ᴏɴ ₱₇₀,₀₀₀ ꜰᴏʀ ᴛᴡᴏ ʏ ᴇᴀʀꜱ ᴀᴛ ₄% ᴘᴇʀ ᴀɴɴᴜᴍ ᴡʜᴇɴ ᴄᴏᴍᴘᴏᴜɴᴅᴇᴅ
ꜱᴇᴍɪ - ᴀɴɴᴜᴀʟʟʏ
ᴇᴍᴍᴀɴᴜᴇʟ ᴛᴏᴏᴋ ᴀ ʟᴏᴀɴ ꜰᴏʀ ʜɪꜱ ᴡᴇᴅᴅɪɴɢ ꜰʀᴏᴍ ᴀ ʙᴀɴᴋ ꜰᴏʀ ₉ ᴍᴏɴᴛʜꜱ ᴀᴛ ₄% ᴘᴇʀ ᴀɴɴᴜᴍ ᴄᴏᴍᴘᴏᴜɴᴅᴇᴅ
Qᴜᴀʀᴛᴇʀʟʏ. ꜰɪɴᴅ ᴛʜᴇ ᴄᴏᴍᴘᴏᴜɴᴅ ɪɴᴛᴇʀᴇꜱᴛ ɪꜰ ʜᴇ ʟᴏᴀɴꜱ ᴀɴ ᴀᴍᴏᴜɴᴛ ᴏꜰ ₱₃₀₀.₀₀₀.
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