16 %Accumulate P9,000 for 30 days at(Use Ordinary Method)Select the correct response:P9,125P8,875P9000P 1252 13

Principal amount (P) = P 9,000 Interest rate (r) = 16 2/3% = 16.6666666666667% Period (n) = 30 Days

Answered: 2 16 % Accumulate P9,000 for 30 days at…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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2 16 % Accumulate P9,000 for 30 days at (Use Ordinary Method) Select the correct response: P9,125 P8,875 P9000 P 125