A man wishes to accumulate P3,733 after 5 years, 8 months and 28 days. How much should be deposited by the man in a bank if the ordinary simple interest is 15% per annum? 1. A man wishes to accumulate P3,733 after 5 years, 8 months and 28days.How much should be deposited by the man in a bank if the ordinary simpleinterest is 15% per annum?

Given: The accumulated amount is = P3,733 Years = 5, 8 months, and 28 days The interest rate is =…

Answered: A man wishes to accumulate P3,733 after…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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A man wishes to accumulate P3,733 after 5 years, 8 months and 28 days. How much should be deposited by the man in a bank if the ordinary simple interest is 15% per annum?

1. A man wishes to accumulate P3,733 after 5 years, 8 months and 28days.
How much should be deposited by the man in a bank if the ordinary simple
interest is 15% per annum?

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