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An amount of Php. 200,000.00 is deposited for a period of 8 years. Compute the interest if it was made at a simple interest rate of 18%.

An amount of Php. 200,000.00 is deposited for a period of 8 years. Compute the interest if it was made at a simple interest rate of 18%.

Engineering Fundamentals: An Introduction to Engineering (MindTap Course List)
Engineering Fundamentals: An Introduction to Engineering (MindTap Course List)
5th Edition
ISBN:9781305084766
Author:Saeed Moaveni
Publisher:Saeed Moaveni
Chapter20: Engineering Economics
Section: Chapter Questions
Problem 1P
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An amount of Php. 200,000.00 is deposited for a period of 8 years. Compute the interest if it was made at a simple interest rate of 18%.
Transcribed Image Text:An amount of Php. 200,000.00 is deposited for a period of 8 years. Compute the interest if it was made at a simple interest rate of 18%.
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