Economics Flashcards

1
Q

Compute the simple interest due on P5,000 for 3 years at a rate of 10%.

A

P1,500

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

Engr. Marquez borrowed from a loan firm at a simple interest of 10%. At the end of 2 years he will pay P41,400 which consists of the principal plus the total interest. How much is the interest?

A

P6,900

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

In buying a computer disk, the buyer was offered the options of paying P250 cash at the end of 30 days or P270 at the end of 120 days

A
How well did you know this?
1
Not at all
2
3
4
5
Perfectly