Question

1. The Bank manager is imposing a 10% interest rate on the new salary loan to every account in the BPI Family Bank. (ANSWER SHOULD BE UPPER CASE OR CAPITAL LETTERS) *

Answer 1

Hi, you've asked an incomplete question. However, I inferred you want to know the type of accounting activity involved in this process.

Answer:

CALCULATING

Explanation:

The process of imposing a 10% interest rate of course would require calculating how much cash value is to be deducted from the "new salary loan" of the respective accounts in the "BPI Family Bank".

This process in accounting often involves computing the individual loan amount multiplied by the interest percentage. For example, a 10% interest rate on a salary loan of $2000 would be $\frac{10}{100} * 2000$ = $200