An exact simple interest rate of 8.5% per year is applied on a PhP 50,000.00 made on January 7, 2012. If the total amount payable at the end of the loan is PhP 52, 821.72, what is the exact date the loan should be paid?
An exact simple interest rate of 8.5% per year is applied on a PhP 50,000.00 made on January 7, 2012. If the total amount payable at the end of the loan is PhP 52, 821.72, what is the exact date the loan should be paid?
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 exact simple interest rate of 8.5% per year is applied on a PhP 50,000.00 made on January 7, 2012. If the total amount payable at the end of the loan is PhP 52, 821.72, what is the exact date the loan should be paid?
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