Determine the exact simple interest on P 5,000.00 for the period from June 102015 to November 21, 2020 if the rate of interest is 21%O P5,730.41P5,722.01P5,733.61O P5,727.79A contractor can buy trucks for P950,000 each or rent them for P1,500 per

Simple Interest is calculated using the following formula: = Principal * Rate * Time

Answered: Determine the exact simple interest on…

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter5: The Time Value Of Money

Section: Chapter Questions

Problem 41P

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Determine the exact simple interest on P 5,000.00 for the period from June 10 2015 to November 21, 2020 if the rate of interest is 21% P5,730.41 O P5,722.01 O P5,733.61 P5,727.79