Question: SHOW THE COMPLETE ANSWER AND BOX THE FINAL ANSWER. 1. How many years would it take for money to triple in value at 20% per

SHOW THE COMPLETE ANSWER AND BOX THE FINAL ANSWER.

1. How many years would it take for money to triple in value at 20% per year simple interest?

2. Determine the exact simple interest on P85,000.00 for the period from February 13 to October 28, 2020 if the rate of interest is 16%.

3. If Philips Manufacturing wants its investments to double in value in 4 years, what rate of return would it have to make on the basis of simple interest?

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