A bank pays simple interest at the rate of 8% per year for certain deposits. If a customer deposits P10,000 and make no withdrawal for three years what is the interest earned in that period of time? A person borrow P100,000 for a period of 6 months. What simple interest rate is being charged if the amount A that must be paid after 6 months is P104,500? ROBLEM SOLVING: Solve the following problems. Show complete solutions.SCOREIII.DESCRIPTORSSolution is exceptionally clear, thorough, and solved correctly.Solution is generally clear but not all are solved correctly.Solution is not solved correctly.No solution was presented.316 - 20) A bank pays simple interest at the rate of 8% per vear for certain deposits. If a customerdeposits P10,000 and make no withdrawals for three vears, what is the interest earned in thatperiod of time?bs Isqioningod ao ba moigh or no21-25) An amount of P500,000 is invested in a 10-year trust that pays 6% annual simple interest.What is the total amount of the trust fund at the end of ten years?wondst aibnil yd slde algmobeing

A bank pays simple interest at the rate of 8% per year for certain deposits. If a customer deposits P10,000 and make no withdrawal for three years what is the interest earned in that period of time? A person borrow P100,000 for a period of 6 months. What simple interest rate is being charged if the amount A that must be paid after 6 months is P104,500?

A bank pays simple interest at the rate of 8% per year for certain deposits. If a customer deposits P10,000 and make no withdrawal for three years what is the interest earned in that period of time? A person borrow P100,000 for a period of 6 months. What simple interest rate is being charged if the amount A that must be paid after 6 months is P104,500?

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter9: Accounting For Receivables

Section: Chapter Questions

Problem 11MC: Which of the following best represents a positive product of a lower number of days sales in...

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