Economics Flashcards
1
Q
Compute the simple interest due on P5,000 for 3 years at a rate of 10%.
A
P1,500
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
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
