At what interest rate will the given principal P earn the given simple interest /in the given term f? 11.P = P175, 000; = 6, 50 t= 5- years 12. P = P50, 000; | = P2, 000; = 8 mos. 13. P = P180, 000; | = P3, 500; † = 15 mos. 14. P = P320, 000; = P7, 000; = 18 mos. 15. P = P2, 050, 000; | = P5, 400; † = 2.8 years
At what interest rate will the given principal P earn the given simple interest /in the given term f? 11.P = P175, 000; = 6, 50 t= 5- years 12. P = P50, 000; | = P2, 000; = 8 mos. 13. P = P180, 000; | = P3, 500; † = 15 mos. 14. P = P320, 000; = P7, 000; = 18 mos. 15. P = P2, 050, 000; | = P5, 400; † = 2.8 years
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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Transcribed Image Text:At what interest rate will th given principal P earn the given simple interest lin the given term f?
11. P = P175, 000; = 6,500 1 = 5- years
12. P = P50, 000; | = P2, 0; t = 8 mos.
13. P = P180, 000; = P3, 500; 1 = 15 mos.
14. P = P320, 000; | = P7, 000; = 18 mos.
15. P = P2, 050, 00; = P5, 400; † = 2.8 years
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