A loan of P5,000 is made for a period of 15 months, at a simple interest rate of 15%, what future amount is due at the end of the loan period ?

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What do you call any particular raw material or primary product such as cloth, wool, flour, coffee, etc ?

A. Utility B. Necessity C. Commodity D. Stock...

The monthly demand for ice cans being manufactured by Mr. Camus is 3200 pieces. With a manual operated guillotine, the unit cutting cost is P25.00. An electrically operated hydraulic guillotine was offered to Mr. Camus at a price of P275,000.00 and which cuts by 30% the unit cutting cost. Disregarding the cost of money, how many months will Mr. Camus be able to recover the cost of the machine if he decides to buy now ?

A. 10 months B. 11 months C. 12 months D. 13 months...

You borrow P3,500.00 for one year from a friend at an interest rate of 1.5% per month instead of taking a loan from a bank at a rate of 18% per year. How much lesser you will pay by borrowing the money from the bank ?

A. P 62.44 B. P44.55 C. P54.66 D. P37.56...

What type of depreciation is due to the reduction of the physical ability of an equipment or asset to produce results ?

A. Functional depreciation B. Design depreciation C. Physical depreciation D. Demand depreciation...

What do you call a one-time credit against taxes ?

A. Due credit B. Tax credit C. Credible credit D. Revenue credit...