Dustin has P15,000 in cash and he would like to invest in business. His estimates of the year by year receipts and disbursements for all purposes are shown in the table: Year Receipts Disbursements 4 P6000 P1000 5 P6200 P1200 6 P7500 P1500 7 P8800 P1800 Find the interest if money is compounded annually.
Dustin has P15,000 in cash and he would like to invest in business. His estimates of the year by year receipts and disbursements for all purposes are shown in the table: Year Receipts Disbursements 4 P6000 P1000 5 P6200 P1200 6 P7500 P1500 7 P8800 P1800 Find the interest if money is compounded annually.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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.Dustin has P15,000 in cash and he would like to invest in business. His estimates of the year by year receipts and disbursements for all purposes are shown in the table:
Year Receipts Disbursements
4 P6000 P1000
5 P6200 P1200
6 P7500 P1500
7 P8800 P1800
Find the interest if money is compounded annually.
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