Question
Ash Ketchum was given a certain amount as a present for his birthday on August 17, 2018. Inslead of spending it, he decided to invest
Ash Ketchum was given a certain amount as a present for his birthday on August 17, 2018. Inslead of spending it, he decided to invest the said amount on a 7% exact simple interest. If the investment will mature in time for his mother's birthday on March 10, 2019 at an amount of P 15,000.00, how much did Ash Ketchum receive on his birthday? (Show complete solution)
- P 14,432.5820
- P 14,355.0079
- P 12,655.3550
- P 17,324.6055
Ash Ketchum was given a certain amount as a present for his birthday on August 17, 2018. Inslead of spending it, he decided to invest the said amount on a 7% exact simple interest. If the investment will mature in time for his mother's birthday on March 10, 2019 at an amount of P 15,000.00, how much did Ash Ketchum receive on his birthday? (Show complete solution)
- P 14,432.5820
- P 14,355.0079
- P 12,655.3550
- P 17,324.6055
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Intermediate Accounting
Authors: Donald Kieso, Jerry Weygandt, Terry Warfield, Nicola Young,
10th Canadian Edition, Volume 1
978-1118735329, 9781118726327, 1118735323, 1118726324, 978-0176509736
