Exercises: 1. What is the principal amount if the amount of interest at the end of 2 ½ year is P 4, 500.00 for a simple interest of 6% per annum? Given: Required: Solution:
Exercises: 1. What is the principal amount if the amount of interest at the end of 2 ½ year is P 4, 500.00 for a simple interest of 6% per annum? Given: Required: Solution:
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 5PROB
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Exercises:
1. What is the principal amount if the amount of interest at the end of 2 ½ year is P 4, 500.00 for a
simple interest of 6% per annum?
Given:
Required:
Solution:
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