Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 05, 2024

ASAP NEED STEP BY STEP SOLUTION ACTIVITY 1 Directions: Read the problem carefully and solve what is being asked using the simple interest formula. 1.

ASAP NEED STEP BY STEP SOLUTION
ACTIVITY 1 Directions: Read the problem carefully and solve what is being asked using the simple interest formula. 1. Find the interest and amount on P5,000 at 6% simple interest for 5 years? 2. How long will it take for P800 to earn P240, if it is invested at 6 -:-% simple interest? 3. Zoeren barrowed P150,000for 5 years and 5 months and paid P21,000 interest. What was the simple interest rate? ACTIVITY 2 Directions: From the given problem below nd the actual time of the investment using a table and nd the future value of the investment. Problem: Find the maturity value of a P850,000 investment from May 25, 2016 to January 10, 2017 at 7.25% simple interest? Actual time Solution

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access with AI-Powered 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

Recommended Textbook for

Understanding Business Ethics

Authors: Peter A. Stanwick, Sarah D. Stanwick

3rd Edition

1506303234, 9781506303239

Students also viewed these Mathematics questions

Question

★★★★★

Define a non-interest-bearing note that is discounted at a bank at a specific rate. How are the proceeds computed for a non-interest-bearing note?

Answered: 1 week ago

Question

★★★★★

4. Explain the principles presented in Vygotsky's theory of development, including criticisms of his theory.

Answered: 1 week ago

Question

★★★★★

Jefferson Company acquired equipment on January 2, Year 1, at a cost of $10 million. The equipment has a five-year life, no residual value, and is depreciated on a straight-line basis. On January 2,...

Answered: 1 week ago

Question

★★★★★

The operating system loads into....

Answered: 1 week ago

Question

★★★★★

You purchased 50 shares of Z stock in January 2022 for $40 per share. Each year you received a cash dividend of $0.75 per share. In December of 2026, you sold 50 shares of Z for $60 per share....

Answered: 1 week ago

Question

★★★★★

Exercise 2-7 (Algo) Analyzing account entries and balances LO A1 Use the information in each of the following separate cases to calculate the unknown amount. a. Corentine Company had $170,000 of...

Answered: 1 week ago

Question

★★★★★

Coastal Wineries is a private company looking to seek additional financing for expansion. They have hired your accounting firm for a review engagement. A full audit is not required for the lender....

Answered: 1 week ago

Question

★★★★★

You recently started your new job as a food service worker for a large high school. This week, the ovens and ranges are scheduled for a deep cleaning, but the supervisor who's been training you is...

Answered: 1 week ago

Question

★★★★★

Research a famous physicist and prepare a short biography to share in your portfolio. You can choose to create a short video, a poster, an infographic, a slideshow or other approved applications to...

Answered: 1 week ago

Question

★★★★★

Illustration 11 Mr. PQ has a small trading business for which the following procedures are followed: (1) All collections are deposited with the bank each day. (2) (3) All payments except petty...

Answered: 1 week ago

Previous Question Next Question