Using the four methods, find the interest on 6,700 from October 29, 1992 to March 10, 1993 at 7 5/8% simple interest. Find the ordinary interest and amount on 2,200 at 4 3/8% simple interest from September 9, 1990 to April 16,1991.
Using the four methods, find the interest on 6,700 from October 29, 1992 to March 10, 1993 at 7 5/8% simple interest. Find the ordinary interest and amount on 2,200 at 4 3/8% simple interest from September 9, 1990 to April 16,1991.
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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Using the four methods, find the interest on 6,700 from October 29, 1992 to March 10, 1993 at 7 5/8% simple interest.
Find the ordinary interest and amount on 2,200 at 4 3/8% simple interest from September 9, 1990 to April 16,1991.
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