Question
SHOW THE COMPLETE ANSWER AND BOX THE FINAL ANSWER. 1. How many years would it take for money to triple in value at 20% per
SHOW THE COMPLETE ANSWER AND BOX THE FINAL ANSWER.
1. How many years would it take for money to triple in value at 20% per year simple interest?
2. Determine the exact simple interest on P85,000.00 for the period from February 13 to October 28, 2020 if the rate of interest is 16%.
3. If Philips Manufacturing wants its investments to double in value in 4 years, what rate of return would it have to make on the basis of simple interest?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Macroeconomics
Authors: David Colander
8th edition
978-0078004407, 78004403, 978-0077247171, 77247175, 978-0077307110
