Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

4. Accumulate P 50 000 for 3 years and 9 months at 7 12% simple discount. Answer: 5. How long will it take for P

image text in transcribed
image text in transcribed
4. Accumulate P 50 000 for 3 years and 9 months at 7 12% simple discount. Answer: 5. How long will it take for P 20 500 to amount to P 30 000, if the discount rate is 5 4/5%%? Answer: 6. ABC bank charges 10 1% for discounting loans. If Aldrin agrees to repay P 55 000 after 7 months, how much does he receive now

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Directed Algebraic Topology And Concurrency

Authors: Lisbeth Fajstrup, Eric Goubault, Emmanuel Haucourt, Samuel Mimram, Martin Raussen

1st Edition

3319153986, 9783319153988

More Books

Students also viewed these Mathematics questions

Question

Briefly describe what are expenses?

Answered: 1 week ago

Question

What is impulse buying? (p. 319)

Answered: 1 week ago

Question

What is an annuity?

Answered: 1 week ago