An employee borrows P60 000 for 7 months at an interest rate of 12% per year. How much is the simple interest?

Grace borrowed P5 000 with a simple interest rate of 2.5%. She will use the money for 3 years and 7 months. How much interest will Grace pay at the end of this period?

Russell invested P50 000 in a bank that pays 8% compounded quarterly for 5 years. How much is his money in the bank after 5 years?

Harvey invested P100 000 in a trust fund that pays 12% compounded semi-annually. How long will it take for Harvey to double his money?

If an amount of P5 000 is deposited into a savings account at an annual interest rate of 5%, compounded monthly, what is the value of the investment after 10 years?

Answer rating: 100% (QA)

ANSWER 1 P4200 2 P44792 3 P7429663 4 6 years 5 P824390 Stepbystep explanation I Simple I... View the full answer