A man deposited P2,000 in a bank at a rate of 10% per annum for 10months and 25days. Find the ordinary simple interest. P180.56 P190.56 P170.56 P160.56
A man deposited P2,000 in a bank at a rate of 10% per annum for 10months and 25days. Find the ordinary simple interest. P180.56 P190.56 P170.56 P160.56
Chapter1: Financial Statements And Business Decisions
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![A man deposited P2,000 in a bank at a rate of 10% per annum for 10months and 25days. Find the ordinary simple interest.
P180.56
P190.56
P170.56
P160.56](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fd5313240-a23b-462b-8602-a1c3ab638e6f%2F7a2cf474-ed09-41a4-af68-cfb638424cf0%2Fnf3p8zsc_processed.png&w=3840&q=75)
Transcribed Image Text:A man deposited P2,000 in a bank at a rate of 10% per annum for 10months and 25days. Find the ordinary simple interest.
P180.56
P190.56
P170.56
P160.56
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