Mr. Y invested $1,000 during the year 2009. After ten years, hesold the investment for $ 1,600 in 2019. Calculate the return onthe investment if compounded yearly.A. 4.11%B. 4.21%C. 4.01%D. 4.81%A loan of P5,000 is made for a period of 15 months, at a simpleinterrate of 15%, what future amount is due at the end of theloan period?A. 5,937.50B. 5,873.20C. 5,712.40D. 5.690.12

To calculate the return on an investment after ten years, the compound interest formula will be…

Answered: Mr. Y invested $1,000 during the year…

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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