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SALAMAT Bank offers you two investment plans. The first investment requires you to invest Php 12,000 which pays a simple interest of i 1 per
SALAMAT Bank offers you two investment plans. The first investment requires you to invest Php 12,000 which pays a simple interest of i1 per annum. On the other hand, the second investment requires you to invest Php 20,000 which pays an effective interest rate of 2.5% per annum. SALAMAT Bank promises that the total amount of the two investment plans after 3 years is Php 35,000.
Find an expression for i1 and use the expression to approximate i1
Find an expression for i1 and use the expression to approximate i1
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Answer Step 1 Analysis We need to use simple interest formula to calculate i 1 Amount Principal1...
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
