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Compute the interest. Round off your final answer up to 2 decimal places. 1. P27,000 at 6.5% simple interest for 1 year. 2. P31,000 at 7.5% simple interest for 50 days. 3. P63,000 at 12.5% simple interest for 3 years and 6 months. 4. P89,500 at 11.5% simple interest for 220 days. 5. 36,000 at 9.7% simple interest for 2 years.

Compute the interest. Round off your final answer up to 2 decimal places. 1. P27,000 at 6.5% simple interest for 1 year. 2. P31,000 at 7.5% simple interest for 50 days. 3. P63,000 at 12.5% simple interest for 3 years and 6 months. 4. P89,500 at 11.5% simple interest for 220 days. 5. 36,000 at 9.7% simple interest for 2 years.

Essentials Of Investments
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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Note: DONT USE EXCEL! Directions: Compute the interest. Round off your final answer up to 2 decimal places. 1. P27,000 at 6.5% simple interest for 1 year. 2. P31,000 at 7.5% simple interest for 50 days. 3. P63,000 at 12.5% simple interest for 3 years and 6 months. 4. P89,500 at 11.5% simple interest for 220 days. 5. 36,000 at 9.7% simple interest for 2 years.
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