Find the Interest and the amount on P 8,700 at 9% for 2 monthsSelect the correct response:|= P 8700 and A = P 8,500|= P8,700 and A+ P15, 650O 1 = 2mos and A = P5,560O 1= P 130. 50; A =8,830. 50

The interest amount can be calculated with the help of simple interest rate equation. The future…

Answered: Find the Interest and the amount 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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General Instruction: Use Yellow paper for your computation and answer. Task 1. Compute the interest of the following: 1. P25,000 at 6% simple interest for 1 year. 2. P30,000 at 9.5% simple interest for 90 days. 3. P60,000 at 12.5% simple interest for 2 years and 6 months.
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Find the Interest and the amount on P 8,700 at 9% for 2 months Select the correct response: O 1= P 8700 and A = P 8,500 O I= P8,700 and A+ P15, 650 O 1- 2mos and A - P5,560 O I-P 130. 50; A -8,830. 50