28. P 6000 is borrowed for 75 days at 18% per annum. How much will be due at the end of 75 days? Use exact simple interest. A. P 6221.92 B. P 7221.97 C. P 8223.10 D. P 9221.91
28. P 6000 is borrowed for 75 days at 18% per annum. How much will be due at the end of 75 days? Use exact simple interest. A. P 6221.92 B. P 7221.97 C. P 8223.10 D. P 9221.91
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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Provide a complete solution and answer for the given problem in the attached image.
![28. P 6000 is borrowed for 75 days at 18% per annum. How much will be due at
the end of 75 days? Use exact simple interest.
A. P 6221.92
B. P 7221.97
C. P 8223.10
D. P 9221.91](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F02d4eed7-2bbb-43f1-ab2e-599bdb988616%2F81135df7-d387-49f8-ac9d-9eae63f6df18%2Fpj2sxpf_processed.jpeg&w=3840&q=75)
Transcribed Image Text:28. P 6000 is borrowed for 75 days at 18% per annum. How much will be due at
the end of 75 days? Use exact simple interest.
A. P 6221.92
B. P 7221.97
C. P 8223.10
D. P 9221.91
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