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Could you please clarify the task ?2 about Plam Co, I mean the answer “Plam Co needs to make an interest payment of 30 million pesos.” I don’t unrestand why 30? I think they should pay 15m, as 300m x 10% / 2 = 15 m
The interest is 10% a year and is therefore 300M x 10% = 30M
It is due to be paid in 6 months time. That does not mean they are only going to pay half the interest it is simply stating when the 30M will be paid.
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