four methods was first ordinary interest for actual time, second ordinary interest for approximate time, third exact interest for actual time, fourth was exact interest for approximate time

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter7: Percents
Section7.7: Simple And Compound Interest
Problem 1E
icon
Related questions
icon
Concept explainers
Question
Practice Pack

Q) How to solve this problem the four methods was first ordinary interest for actual time, second ordinary interest for approximate time, third exact interest for actual time, fourth was exact interest for approximate time

1. Find the interest on P45,500 at 5 3/7% from January 17,1997 to November 26, 1997 using the four methods.
Transcribed Image Text:1. Find the interest on P45,500 at 5 3/7% from January 17,1997 to November 26, 1997 using the four methods.
Expert Solution
video

Learn your way

Includes step-by-step video

steps

Step by step

Solved in 4 steps

Blurred answer
Knowledge Booster
Application of Algebra
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, algebra and related others by exploring similar questions and additional content below.
Recommended textbooks for you
Holt Mcdougal Larson Pre-algebra: Student Edition…
Holt Mcdougal Larson Pre-algebra: Student Edition…
Algebra
ISBN:
9780547587776
Author:
HOLT MCDOUGAL
Publisher:
HOLT MCDOUGAL