Answered: 31. tadori deposited Php 15,000 in the…

31. tadori deposited Php 15,000 in the bank at 85 percent interest per annum. How much interest will she earn after 6 years? A. Pho 9,472.01 C Php 7,650.00 B. Php 7,200.00 D. Php 7,425.00

EBK CFIN

6th Edition

ISBN:9781337671743

Author:BESLEY

Publisher:BESLEY

Chapter4: Time Value Of Money

Section: Chapter Questions

Problem 1PROB

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Question

31. tadori deposited Pho 15,000 in the bank at 85 percent interest per annum. How much interest
will she earn after 6 years?
A. Php 9,472.01
C. Php 7,650.00
B. Php 7,200.00
D. Php 7,425.00

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