PART III: SOLVING PROBLEM

1. Covid-19 has changed lives of millions around the globe from being an average to below average income. The International Monitary Fund (IMF) is offering to the dying companies, suppose BBN- Company borrowed P5,000,000.00 with an annual interest rate of 3%, calculate the amount of interest the company must pay if the loan period is (a) 2 years and (b) 18 months. erty. As a season .​