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1. A cash of P300,000 is deposited to an account paying at 5% simple interest. How much is the account after five years? 2. A
1. A cash of P300,000 is deposited to an account paying at 5% simple interest. How much is the account after five years? 2. A P15,000.00 savings account earned P1,400.00 interest in 3 years. What was the rate of interest given? 3. Accumulate P6,600.00 for 3 years at 5.5% compounded semiannually. 4. How much money should be invested in an account that earns 5% interest, compounded semiannually in order to have P25,500.00 in 33 years. 5. Calculate the maturity value of a simple interest, a 10-month loan of P25,000.00 if the interest rate is 3.75%
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