How long will it take for P10,000 to earn P1,250 interest invested at 10%?

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 2P
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How long will it take for P10,000 to earn P1,250 interest invested at 10%?
DiscountP9,000 for 9 months at a discount rate of 8%.
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