24. Which of the following is the base unit of time over which an interest rate is calculated? Interest Period Discount Rate Compounding Period Compounding Rate 25. Simple interest of P1,235 is owed...


24. Which of the following is the base unit of time over which an interest rate is calculated?<br>Interest Period<br>Discount Rate<br>Compounding Period<br>Compounding Rate<br>25. Simple interest of P1,235 is owed on a loan of P9,500 after four years and four months. What is<br>the annual interest rate?<br>2%<br>2.5%<br>3.5%<br>3%<br>

Extracted text: 24. Which of the following is the base unit of time over which an interest rate is calculated? Interest Period Discount Rate Compounding Period Compounding Rate 25. Simple interest of P1,235 is owed on a loan of P9,500 after four years and four months. What is the annual interest rate? 2% 2.5% 3.5% 3%

Jun 08, 2022
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