1. Catriona's father borrows P80,000.00 from a lending company. At the end of 2 4 years, he has to pay an interest rate of 20%. How much will be pay back to the lending company? 2. If Gemmalyn has P40,000.00 in her savings account and the rate of interest is 4 % a year, how much interest does her money earn? How much money will he have in all? 3. George opens a savings deposit of P38,000.00 in a bank that offers interest on savings at 4% per annum. The bank computes interest every 6 months. If George will deposit P12,000.00 more, how much will his new balance be at the end of 6 months? solve all with solution
