P50,000 is borrowed for 5 years at an annual interest rate of 6%. How much is the interest?

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 3PB: Use the tables in Appendix B to answer the following questions. A. If you would like to accumulate...
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this is a sub-part questions so please do answer. thank you!
ps. please do answer atleast 3 questions.

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Directions: Read and Solve the following problem.
1. P50,000 is borrowed for 5 years at an annual interest rate of 6%. How much
is the interest?
2. Suppose Jun invested in a bank that gives a 5% interest rate per annum of
5%, an amount earned P150,000 in 5 years. How much money was originally
invested?
3. How long will P50,000 amount to P100,000 if the simple interest rate is 5%
per annum?
4. John invested P150,000 in a bank after 20 years. He earned P50,000. What
is the interest rate?
Transcribed Image Text:What's More Directions: Read and Solve the following problem. 1. P50,000 is borrowed for 5 years at an annual interest rate of 6%. How much is the interest? 2. Suppose Jun invested in a bank that gives a 5% interest rate per annum of 5%, an amount earned P150,000 in 5 years. How much money was originally invested? 3. How long will P50,000 amount to P100,000 if the simple interest rate is 5% per annum? 4. John invested P150,000 in a bank after 20 years. He earned P50,000. What is the interest rate?
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