In buying a cellphone, the buyer was offered the options of paying P 17,500 cash or P 22,200 at the end of 152 days. At what rate is the buyer paying simple interest if he agrees to pay at the end of 152 days? 6. A bill for a cellphone specifies the cost as P 25,400 due at the end of 100 days but offers a 4% discount for cash in 24 days. What is the highest simple interest rate at which the buyer can afford to borrow money in order to take advantage of the discount? 7.
In buying a cellphone, the buyer was offered the options of paying P 17,500 cash or P 22,200 at the end of 152 days. At what rate is the buyer paying simple interest if he agrees to pay at the end of 152 days? 6. A bill for a cellphone specifies the cost as P 25,400 due at the end of 100 days but offers a 4% discount for cash in 24 days. What is the highest simple interest rate at which the buyer can afford to borrow money in order to take advantage of the discount? 7.
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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Question
![In buying a cellphone, the buyer was offered the options of paying P 17,500 cash or
P 22,200 at the end of 152 days. At what rate is the buyer paying simple interest if he
agrees to pay at the end of 152 days?
6.
A bill for a cellphone specifies the cost as P 25,400 due at the end of 100 days but
offers a 4% discount for cash in 24 days. What is the highest simple interest rate at
which the buyer can afford to borrow money in order to take advantage of the discount?
7.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F4b9afa84-0f5f-4b4d-9247-3e63d7361d19%2F7c7b4fdb-6982-4f9b-8b2d-9d5a206cdf5b%2Fhe8m8an_processed.jpeg&w=3840&q=75)
Transcribed Image Text:In buying a cellphone, the buyer was offered the options of paying P 17,500 cash or
P 22,200 at the end of 152 days. At what rate is the buyer paying simple interest if he
agrees to pay at the end of 152 days?
6.
A bill for a cellphone specifies the cost as P 25,400 due at the end of 100 days but
offers a 4% discount for cash in 24 days. What is the highest simple interest rate at
which the buyer can afford to borrow money in order to take advantage of the discount?
7.
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