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Simple & Compound Interest. Can you help mee? Solution on this problem is needed For numbers 11 - 15 use the problem below: Shirley is
Simple & Compound Interest. Can you help mee? Solution on this problem is needed
For numbers 11 - 15 use the problem below: Shirley is planning to invest P 150,000.00. San Jose Rural Bank is offering 1.15% compounded semi - annually, while Taysan Cooperative Bank offers 1.25% compounded monthly. 11. How much will be the maturity value after 5 years if he borrows from San Jose Rural Bank? a. P 158,851.63 b. P 207,660.68 c. P 367,071.88 d. P 376,716.66 12. How much will be the maturity value after 5 years if he borrows from Taysan Cooperative Bank? a. P 159,668.97 b. P262,812.30 c. P 376,431.54 d. P 386,221.32 13. What will be the interest after 5 years if he borrows from San Jose Rural Bank? a. P 26,716.66 b. P 17,071.88 c. P 12,339.32 d. P 8,851.63 14. What will be the interest after 5 years if he borrows from Taysan Cooperative Bank? a. P 36,221.32 b. P 16,431.54 c. P 9,668.97 d. P 2,812.53 15. Which bank offers the smaller interest? a. Both b. None c. San Jose Rural Bank d.Taysan Rural BankStep by Step Solution
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