Find the exact simple intereston P 10,000.00 for the periodfrom January 12 2016 toNovember 23 2018, if the rateof interest is 22% *O P6,287.43O P6,304.86P6,298.83O P6,233.33оо

Calculate the simple interest of the initial 2 years (SI 2 Year) from January 12, 2016 to January…

Answered: Find the exact simple interest on P…

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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Find the exact simple interest on P 10,000.00 for the period from January 12 2016 to November 23 2018, if the rate of interest is 22% * O P6,287.43 O P6,304.86 O P6,298.83 O P6,233.33