4. If you know the simple interest due on a P10 000 loan, explain how you can use that figure to calculate the simple interest due on a P50 000 loan for the same time period and the same interest rate.
4. If you know the simple interest due on a P10 000 loan, explain how you can use that figure to calculate the simple interest due on a P50 000 loan for the same time period and the same interest rate.
Chapter4: Time Value Of Money
Section4.17: Amortized Loans
Problem 1ST
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Question
Transcribed Image Text:4. If you know the simple interest due on a P10 000 loan, explain how you can use that
figure to calculate the simple interest due on a P50 000 loan for the same time period
and the same interest rate.
5. If the principal of a loan is doubled but the time period and interest rate remain the
same, how many times as large is the simple interest due on the loan?
6. If the principal of a loan is tripled but the time period and interest rate remain the
same, how many times as large is the simple interest due on the loan?
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