Answered: A certain investment earns P2,000 in 18…

A certain investment earns P2,000 in 18 months at a rate of 8% simple interest. How much is the principal investment? P1,758.71 P1,875.71 P1,785.71 P1,785.17

EBK CFIN

6th Edition

ISBN:9781337671743

Author:BESLEY

Publisher:BESLEY

Chapter4: Time Value Of Money

Section: Chapter Questions

Problem 7PROB

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Question

A certain investment earns P2,000 in 18 months at a rate of 8% simple interest. How much is the principal investment?

P1,758.71
P1,875.71
P1,785.71
P1,785.17

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