woman borrowed P3,000 to be paid after 16 years with interest at 12% compounded semiannually and P5,000 to be paid after 3 years at 12% compounded monthly. What single payment must she pay after 3 years at an interest rate of 16% compounded quarterly to serile the two obligations? Ans P12. 627.59 10. Mr.J de la Cruz borrowed money from a bank. He received from the bank P1.342 and promise to repay P1,500 at the end of 9 months. Determine the simple interest rate and the corresponding discount rate or often referred to as the "Banker's discount." Ans 11.7% 10.53% 1. Aman deposits P50,000 in a bank account at 6% compounded monthly for 5 years. If the inflation rate of 6.5% per year continues for this period will this effectively protect the purchasing power of the original principal Ans No: P49 225