Suppose you want to invest php 10, 000.00 in the bank for 6 years. The Land bank of the Philippines (LBP) offers 12% annual simple interest rate per year. Banco De Oro offers 12 % compounded annually. Compute its simple interest at 6 years.
Suppose you want to invest php 10, 000.00 in the bank for 6 years. The Land bank of the Philippines (LBP) offers 12% annual simple interest rate per year. Banco De Oro offers 12 % compounded annually. Compute its simple interest at 6 years.
Intermediate Algebra
10th Edition
ISBN:9781285195728
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter11: Exponential And Logarithmic Functions
Section11.2: Applications Of Exponential Functions
Problem 27PS
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Simple and compound interest
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