Economy, asked by darwinbalubal15, 1 month ago

1. Would you rather have ₱5,000 promised to you at the end of five years or ₱2,500 now which can possibly earn 15% interest compounded  every year? Why?​

Answers

Answered by ssubhalaxmipanda833
1

Answer:

Discussing interest starts with the principal, or amount your account starts with. This could be a starting investment, or the starting amount of a loan. Interest, in its most simple form, is calculated as a percent of the principal. For example, if you borrowed $100 from a friend and agree to repay it with 5% interest, then the amount of interest you would pay would just be 5% of 100: $100(0.05) = $5. The total amount you would repay would be $105, the original principal plus the interest.

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