At what rate percent per annum will the simple interest on a sum of money be 2/5 of the amount in 10 years. O 1% O 2% O 3%

Corporate Fin Focused Approach
5th Edition
ISBN:9781285660516
Author:EHRHARDT
Publisher:EHRHARDT
Chapter4: Time Value Of Money
Section4.17: Amortized Loans
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At what rate percent per annum will the simple interest on a sum of
money be 2/5 of the amount in 10 years.
1%
2%
3%
4%
If a 9-month term deposit at a bank a simple interest rate of 9% per
annum, how much will have to be deposited to earn PHP 225 of interest?
O P4,163.53
P 3,333.33
O P 3,433.54
O P3,512.63
Transcribed Image Text:At what rate percent per annum will the simple interest on a sum of money be 2/5 of the amount in 10 years. 1% 2% 3% 4% If a 9-month term deposit at a bank a simple interest rate of 9% per annum, how much will have to be deposited to earn PHP 225 of interest? O P4,163.53 P 3,333.33 O P 3,433.54 O P3,512.63
How much interest is earned when an amount of P 250,000 is invested
with an annual interest rate of 10% for 3 years?
O P 75, 000
O P 39, 310
P 64, 500
P 72, 450
A sum of money at simple interest amounts to P 2,240 in 2 years and to P
2,600 in 5 years. What is the principal amount?
P 1,500
O P 2,000
O P1,000
P2, 500
Transcribed Image Text:How much interest is earned when an amount of P 250,000 is invested with an annual interest rate of 10% for 3 years? O P 75, 000 O P 39, 310 P 64, 500 P 72, 450 A sum of money at simple interest amounts to P 2,240 in 2 years and to P 2,600 in 5 years. What is the principal amount? P 1,500 O P 2,000 O P1,000 P2, 500
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