Mr. Lopez is receiving a bonnet P15, 000 every three months as an employee. He decided to invest his bonuses in an investment having a simple rate of interest of 10% per annum. How much his simple interest amount at the end of 2016 if he started investing at the beginning of January 2014

Mr. Lopez is receiving a bonnet P15, 000 every three months as an employee. He decided to invest his bonuses in an investment having a simple rate of interest of 10% per annum. How much his simple interest amount at the end of 2016 if he started investing at the beginning of January 2014

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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