35,000 invested on April 16, At what rate compounded quarterly is interest computed?

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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this is a compound interest problem. do this typewritten, please. I will upvote. thank you. no upvote for handwritten

The sum of P35,000 invested on April 16, 2009 amounts to P58,300 on
July 16, 2013. At what rate compounded quarterly is interest computed?
Solution:
4
Transcribed Image Text:The sum of P35,000 invested on April 16, 2009 amounts to P58,300 on July 16, 2013. At what rate compounded quarterly is interest computed? Solution: 4
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