A man deposited P2,000 in a bank at a rate of 10% per annum for 10months and 25days. Find the ordinary simple interest. P180.56 P190.56 P170.56 P160.56

EBK CONTEMPORARY FINANCIAL MANAGEMENT
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ISBN:9781337514835
Author:MOYER
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Chapter5: The Time Value Of Money
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A man deposited P2,000 in a bank at a rate of 10% per annum for 10months and 25days. Find the ordinary simple interest.
P180.56
P190.56
P170.56
P160.56
Transcribed Image Text:A man deposited P2,000 in a bank at a rate of 10% per annum for 10months and 25days. Find the ordinary simple interest. P180.56 P190.56 P170.56 P160.56
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