1.As business owners, provide me details on how a 300,000 pesos loan would be earned from your existing business that earns 15% per annum with a capital of 1,000,000 pesos.

Is it essential for your company to borrow money as of present? explain.

Do a research on different Philippine bank loans to support your point. explain.

please mention what bank in the Phil (yr 2022)

show solution and formula