Assuming the bank charges simple interest, 50,000 pesos will accumulate to 57,500 at rate i per annum after a certain number of years t. Find the accumulated value of 80,000 pesos at a rate of four fifths as great as the simple interest rate invested for a term thrice as long.
Assuming the bank charges simple interest, 50,000 pesos will accumulate to 57,500 at rate i per annum after a certain number of years t. Find the accumulated value of 80,000 pesos at a rate of four fifths as great as the simple interest rate invested for a term thrice as long.
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
Problem 1PS
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Assuming the bank charges simple interest, 50,000 pesos will accumulate to 57,500 at rate i per annum after a certain number of years t. Find the accumulated value of 80,000 pesos at a rate of four fifths as great as the simple interest rate invested for a term thrice as long.
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