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

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 1P
icon
Related questions
Question
100%

-ANSWER THE PROBLEM IN THE PICTURES.

-IT'S ONLY THREE QUESTION.

-HELP ME PLEASE. I'M BEGGING YOU PLEASE.

 

-THANK YOU IN ADVANCE.

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?
P 4,163.53
P 3,333.33
O P 3,433.54
O P 3,512.63
Transcribed Image Text: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? P 4,163.53 P 3,333.33 O P 3,433.54 O P 3,512.63
How much interest is earned when an amount of P 250,000 is invested
with an annual interest rate of 10% for 3 years?
O P 75, 000
O P 39, 310
P 64, 500
P 72, 450
A sum of money at simple interest amounts to P 2,240 in 2 years and to P
2,600 in 5 years. What is the principal amount?
P 1,500
O P 2,000
O P1,000
P2, 500
Transcribed Image Text:How much interest is earned when an amount of P 250,000 is invested with an annual interest rate of 10% for 3 years? O P 75, 000 O P 39, 310 P 64, 500 P 72, 450 A sum of money at simple interest amounts to P 2,240 in 2 years and to P 2,600 in 5 years. What is the principal amount? P 1,500 O P 2,000 O P1,000 P2, 500
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 7 steps

Blurred answer
Knowledge Booster
Managing Debt
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.
Recommended textbooks for you
EBK CONTEMPORARY FINANCIAL MANAGEMENT
EBK CONTEMPORARY FINANCIAL MANAGEMENT
Finance
ISBN:
9781337514835
Author:
MOYER
Publisher:
CENGAGE LEARNING - CONSIGNMENT
Principles of Accounting Volume 1
Principles of Accounting Volume 1
Accounting
ISBN:
9781947172685
Author:
OpenStax
Publisher:
OpenStax College
Principles of Accounting Volume 2
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College
Financial Accounting Intro Concepts Meth/Uses
Financial Accounting Intro Concepts Meth/Uses
Finance
ISBN:
9781285595047
Author:
Weil
Publisher:
Cengage
EBK CFIN
EBK CFIN
Finance
ISBN:
9781337671743
Author:
BESLEY
Publisher:
CENGAGE LEARNING - CONSIGNMENT
Corporate Fin Focused Approach
Corporate Fin Focused Approach
Finance
ISBN:
9781285660516
Author:
EHRHARDT
Publisher:
Cengage