21. A friend lends you P500 for a year with 3% interest. How much interest will your friend earn?

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 9EB: If you invest $15,000 today, how much will you have in (for further instructions on future value in...
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21. A friend lends you
P500 for a year with 3%
interest. How much
interest will your friend
earn?
O P150
O P15
O P30
O P45
Transcribed Image Text:21. A friend lends you P500 for a year with 3% interest. How much interest will your friend earn? O P150 O P15 O P30 O P45
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