a.) How long will it take for P800 to earn P240, if it is invested at 6 1% simple interest? b.) Loren barrowed P150,000for 5 years and 5 months and paid P21,000 interest. What was
a.) How long will it take for P800 to earn P240, if it is invested at 6 1% simple interest? b.) Loren barrowed P150,000for 5 years and 5 months and paid P21,000 interest. What was
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
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![a.)How long will it take for P800 to earn P240,
if it is invested at 6
1% simple interest?
b.) Loren barrowed P150,000for 5 years and 5
months and paid P21,000 interest. What was
the simple interest rate?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F6c79f5db-561e-40ad-9272-69167f19b3f6%2Fb78773f0-5eba-4072-bf4d-10e24b124970%2Fsyvrmtr_processed.jpeg&w=3840&q=75)
Transcribed Image Text:a.)How long will it take for P800 to earn P240,
if it is invested at 6
1% simple interest?
b.) Loren barrowed P150,000for 5 years and 5
months and paid P21,000 interest. What was
the simple interest rate?
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