Jezreel borrowed php 250,000 from a bank at 6% discount rate. How much would he received from the bank if he agreed to pay the the amount after 5 years? Simple Interest Quick and easy method of calculating the interest charge on a loan. Determined by multiplying the daily interest rate by the principal by the number of days that elapse between payments. This type of interest usually applies to automobile loans. Even short - term loans. Benefits consumers who pay their loans on time or early each month. Answer: Jezreel would receive ₱175,000 if he agreed to pay the loaned amount of ₱250,000 after 5 years. Solutions: Given: ₱250,000 - amount borrowed from the bank 6% - discount rate 5 years - duration of the loan Solve for the interest. I = Prt I = ₱250,000 x 6% x 5 I = ₱250,000 x .06 x 5 I = ₱250,000 x .30 I = ₱75,000 Given the interest is ₱75,000, find the amount that Jezreel would receive from the bank. P - I = Amount Jezreel would receive from t...
Any Examples of Define Communication? Answer: Example is defined as something or someone that is used as a model. An example of the word "example" is a previously baked pie shown to a cooking class. An example of the word "example" is 2x2=4 used to show multiplication.
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