Using the banker’s rule, find the simple interest on 18,000 pesos at 17 ¼% from Feb. 4, 2021 to April 21,2021

College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter8: Sequences And Series
Section8.4: Mathematics Of Finance
Problem 18E
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Using the banker’s rule, find the simple interest on 18,000 pesos at 17 ¼% from Feb. 4, 2021 to April 21,2021

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