P3,500 was deposited in a bank account 15 years ago. Today it is worth P10,000. Interest is paid weekly. Determine the interest rate paid on this account?
P3,500 was deposited in a bank account 15 years ago. Today it is worth P10,000. Interest is paid weekly. Determine the interest rate paid on this account?
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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P3,500 was deposited in a bank account 15 years ago. Today it is worth P10,000. Interest is paid weekly. Determine the interest rate paid on this account?
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