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Subject:AccountingPrice: Bought3
1. Nancy borrowed P24, 000 from the State Bank to buy a scooter. If the rate of interest is 10% per annum compounded annually, what payment will she have to make after 2 years 3 months?
2. Abby invested P16,000 at 2¹/?% per annum compounded quarterly. How much will she gain atthe end of 2 years?
3. Mike borrowed P36, 000 from a finance company at 10% per annum, compounded half-yearly. What amount of money will discharge his debt after 1¹/?years?
