Determine the interest to be deducted in advance if P 50 000 is due after 6 months with a discount rate of 6 1/2%. A. P1 625 B. P1 725 C. PI 825 Answer:
Determine the interest to be deducted in advance if P 50 000 is due after 6 months with a discount rate of 6 1/2%. A. P1 625 B. P1 725 C. PI 825 Answer:
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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Transcribed Image Text:Determine the interest to be deducted in advance if P 50
000 is due after 6 months with a discount rate of 6 1/2%.
A. P1 625
B. P1 725
C. PI 825
Answer:
Find the exact interest on P 105 000 at 5% simple interest
for 90 days.
A. PI 294. 50
B. P1 294. 52
C. P1 294. 54
Answer:
Chichi borrowed P 50 000 from a bank. He paid an
interest of P1 500 for 5 months, at what rate was the
interest charged?
A. 7.5%
B. 7.2%
C. 7%
Answer:
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