Bruno Earth deposited Php 5,000 in a bank paying 9% simple interest for 3 years. How much would he have in his account at the end of three years, assuming that no withdrawal was made?

2) If a person borrowed Php 35,000 from a bank charging 12% simple interest. How much would he pay at the end of 18 months

3)Find the compound amount if Php 7,500 is invested for 8 years and 5 months at 7% compounded semi-annually?

4) How long will it take for Php 600 to accumulate to Php 2,500 at 12% compounded semi-annually?

5) Pepito Manaloto deposited Php 1,500 in a bank with 12% interest compounded quarterly. How much will he have in his account at the end of one year?

Answer rating: 100% (QA)

SOLUTION 1 The simple interest formula is Interest Principal x Rate x Time Substituting the given va... View the full answer