In how many years will P1,020,000 yield an interest of P132,300 at 7.5% simple interest? A.1 year B. 2 years C. 3 years D. 4 years

Essentials Of Investments
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ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
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Chapter1: Investments: Background And Issues
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In how many years will P1,020,000 yield an interest of
P132,300 at 7.5% simple interest?
A. 1 year
B. 2 years
C. 3 years
D. 4 years
Transcribed Image Text:In how many years will P1,020,000 yield an interest of P132,300 at 7.5% simple interest? A. 1 year B. 2 years C. 3 years D. 4 years
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