Answered: f a nine-month term deposit at a bank…

f a nine-month term deposit at a bank earns a simple interest rate of 9% per annum, how much should be deposited to earn ₱225 of interest?

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter12: Current Liabilities

Section: Chapter Questions

Problem 5Q: If Bergen Air Systems takes out a $100,000 loan, with eight equal principal payments due over the...

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If a nine-month term deposit at a bank earns a simple interest rate of 9% per annum, how much should be deposited to earn ₱225 of interest?

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