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Suppose you want to invest php 10, 000.00 in the bank for 6 years. The Land bank of the Philippines (LBP) offers 12% annual simple interest rate per year. Banco De Oro offers 12 % compounded annually. Compute its simple interest at 6 years.

Suppose you want to invest php 10, 000.00 in the bank for 6 years. The Land bank of the Philippines (LBP) offers 12% annual simple interest rate per year. Banco De Oro offers 12 % compounded annually. Compute its simple interest at 6 years.

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Simple and compound interest 

Suppose you want to invest php 10, 000.00 in the bank for 6 years. The Land bank of the Philippines (LBP) offers 12% annual simple interest rate per year. Banco De Oro offers 12 % compounded annually. Compute its simple interest at 6 years. O 3600 O 4800 6000 O 7200 SLIDESMANIA.CO
Transcribed Image Text:Suppose you want to invest php 10, 000.00 in the bank for 6 years. The Land bank of the Philippines (LBP) offers 12% annual simple interest rate per year. Banco De Oro offers 12 % compounded annually. Compute its simple interest at 6 years. O 3600 O 4800 6000 O 7200 SLIDESMANIA.CO
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