Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Activity 2 Directions: Complete the table below by solving the unknown quantities in each row Principal (P) Rate Time in Simple Interest (1)
Activity 2 Directions: Complete the table below by solving the unknown quantities in each row Principal (P) Rate " Time in Simple Interest (1) Future Value (F) P10,500.00 8% 5 years (1) (2) 98,000.00 (3) 4 years (4) P135,000.00 (5) 12% 5 years and 3 months (6) P400,000.00 P250.000.00 4.5% P15.400.00 (8) P42,540.00 7.25% 10 months (9) (10) Activity 3 Answer the following problems involving simple interest Wite your complete solutions and answers on a 1 whole sheet of paper. 1. Find the simple interest on a loan of P85,000.00 if the loan is given at a rate of 4% and is due in 6 years and 4 months? 2. How much money will you have after 5 years if you deposited P30,000.00 in a bank that pays 8% simple interest?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started