2. Determine the ORDINARY SIMPLE INTEREST on P700 for 8 months if the rate of interest is 15%.

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
14th Edition
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Chapter17: Long-term Investment Analysis
Section: Chapter Questions
Problem 1E: A firm has the opportunity to invest in a project having an initial outlay of $20,000. Net cash...
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Solve the following problem sets in Simple Interest. Follow GFSAL formatting in your
solution. (Non-anonymous question (Ⓒ)) *
Transcribed Image Text:Solve the following problem sets in Simple Interest. Follow GFSAL formatting in your solution. (Non-anonymous question (Ⓒ)) *
2. Determine the ORDINARY SIMPLE INTEREST on P700 for 8 months if
the rate of interest is 15%.
Transcribed Image Text:2. Determine the ORDINARY SIMPLE INTEREST on P700 for 8 months if the rate of interest is 15%.
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