Arel machinery went bankrupt and liquidated its company. But some money remained in the company's term bank account , A sum of money standing in the bank with a simple interest of 25% per year is withdrawn as 255 TL with interest after 20 months.Accordingly, how much TL is the principal deposited in the bank

Arel machinery went bankrupt and liquidated its company. But some money remained in the company's term bank account , A sum of money standing in the bank with a simple interest of 25% per year is withdrawn as 255 TL with interest after 20 months.Accordingly, how much TL is the principal deposited in the bank

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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