Find the ordinary and exact interest at a) approximate and b) actual number of days from May 15, 2021 to October 21, 2021 on P 60,550 at 12 % simple interest .
Find the ordinary and exact interest at a) approximate and b) actual number of days from May 15, 2021 to October 21, 2021 on P 60,550 at 12 % simple interest .
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 ordinary and exact interest at
a) approximate and
b) actual number of days from May 15, 2021 to October 21, 2021 on P 60,550 at 12 % simple interest .
Solve for the following:
a) Ordinary interest at actual time
b) Ordinary interest at exact time
c) Exact interest at actual time
d) Exact interest at approximate time
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