Ester took a loan of P390,500.00 from xYx Finance Corporation. If the company charges interest at 16% per annum, compounded quarterly, what amount will discharge her debt after three years? 8. Find the difference between the simple interest and the compound interest on P50,000.00 for five years at 6% per annum. Rhob obtained a loan of P250,000.00 from the xYx Bank to renovate his house. If the rate of interest is 8% per annum, what amount will he pay to the bank after three years to discharge his debt? Mikay deposited a sum of P 16,500.00 in a bank for five years, compounded annually at 7% per annum. What amount will she get on maturity?