Answered step by step
Verified Expert Solution
Question
1 Approved Answer
>Suppose you borrowed * PHP37,500 for 3 years at 0.75% monthly simple interest rate. How much interest will you pay at due time? O PHP10,
>Suppose you borrowed * PHP37,500 for 3 years at 0.75% monthly simple interest rate. How much interest will you pay at due time? O PHP10, 125 O PHP6, 138 O PHP35, 183 O PHP47,625 If you start a bank account with * PHP72,500 and your bank compounds the interest quarterly at an interest rate of 8.8% per annum, how much money do you have at the year's end ? O PHP 77,697.85 O PHP 78,784.53 O PHP 77,991.24 O PHP 79,093.64
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