Mr. Anderson borrowed Php 2,000,000.00 for his Fish business. The effective rate of interest is 10%. The loan is to be repaid in full after one year. How much is to be paid after one year? How much is to be paid after one year?
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Asked:
December 2022
A businessman saves Php 6, 000 every 6 months in a bank that pays 0.25% compounded monthly. How much will be her savings after 8 years?