Question: Solve the following problems and show your solution. 1. In a grocery store, a P250.00 case of soft drinks is labeled, Get a 20% discount.

Solve the following problems and show your solution.

1. In a grocery store, a P250.00 case of soft drinks is labeled, "Get a 20% discount." What is the discount? What is the sale price of the case of soft drinks? 2. Jezreel borrowed Php 250 000.00 from a bank at 6% discount rate. How much would he receive from the bank if he agreed to pay the amount after 5 years? 3. What interest rate is equivalent to an 11% discount rate in discounting amounts for 3 years?

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