Determine the ordinary simple interest on P5,000 for the period from January 15 to June 20, 1993, if the rate of simple interest is 14%. Select one: a. P303.33 b. P333.33 c. P323.33 d. P313.33

Managerial Economics: A Problem Solving Approach
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ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Chapter5: Investment Decisions: Look Ahead And Reason Back
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Determine the ordinary simple interest on P5,000 for the period from January 15 to June 20, 1993, if the rate of simple interest is 14%.
Select one:
a.
P303.33
b.
P333.33
c.
P323.33
d.
P313.33
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