If a 9-month term deposit at a bank a simple interest rate of 9% per annum, how much will have to be deposited to earn PHP 225 of interest? O P4,163.53 O P3333.33 O P 3,433.54 O P 3,512.63
If a 9-month term deposit at a bank a simple interest rate of 9% per annum, how much will have to be deposited to earn PHP 225 of interest? O P4,163.53 O P3333.33 O P 3,433.54 O P 3,512.63
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 1P
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