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If a 9-month term deposit at a bank a simple interest rate of 9% per annum, how much will have to be deposited to earn PHP 225 of interest? O P4,163.53 O P3333.33 O P 3,433.54 O P 3,512.63

If a 9-month term deposit at a bank a simple interest rate of 9% per annum, how much will have to be deposited to earn PHP 225 of interest? O P4,163.53 O P3333.33 O P 3,433.54 O P 3,512.63

Essentials Of Investments
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
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If a 9-month term deposit at a bank a simple interest rate of 9% per annum, how much will have to be deposited to earn PHP 225 of interest? P 4,163.53 P 3,333.33 O P 3,433.54 O P 3,512.63
Transcribed Image Text:If a 9-month term deposit at a bank a simple interest rate of 9% per annum, how much will have to be deposited to earn PHP 225 of interest? P 4,163.53 P 3,333.33 O P 3,433.54 O P 3,512.63
How much interest is earned when an amount of P 250,000 is invested with an annual interest rate of 10% for 3 years? O P 75, 000 O P 39, 310 P 64, 500 P 72, 450 A sum of money at simple interest amounts to P 2,240 in 2 years and to P 2,600 in 5 years. What is the principal amount? P 1,500 O P 2,000 O P1,000 P2, 500
Transcribed Image Text:How much interest is earned when an amount of P 250,000 is invested with an annual interest rate of 10% for 3 years? O P 75, 000 O P 39, 310 P 64, 500 P 72, 450 A sum of money at simple interest amounts to P 2,240 in 2 years and to P 2,600 in 5 years. What is the principal amount? P 1,500 O P 2,000 O P1,000 P2, 500
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