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Refer to this word problem ) Determine the exact and ordinary nterest on P15,800 at 12% from January 9, 2018 to June 24, 2018. Note: 2018 is not a leap year.

Refer to this word problem ) Determine the exact and ordinary nterest on P15,800 at 12% from January 9, 2018 to June 24, 2018. Note: 2018 is not a leap year.

Essentials Of Investments
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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(Refer to this word problem ) Determine the exact and ordinary interest on P15,800 at 12% from January 9, 2018 to June 24, 2018. Note: 2018 is not a leap year. Time considered for ordinary interest (express the answer in fraction form; e.g. 100/366) Your answer Exact interest (express the answer rounded to two decimal places: e.g. Php123.45 or Php153.00) Your answer Ordinary interest (express the answer rounded to two decimal places: e.g. Php123.45 or Php153.00)
Transcribed Image Text:(Refer to this word problem ) Determine the exact and ordinary interest on P15,800 at 12% from January 9, 2018 to June 24, 2018. Note: 2018 is not a leap year. Time considered for ordinary interest (express the answer in fraction form; e.g. 100/366) Your answer Exact interest (express the answer rounded to two decimal places: e.g. Php123.45 or Php153.00) Your answer Ordinary interest (express the answer rounded to two decimal places: e.g. Php123.45 or Php153.00)
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