Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 15 3 Points Determine the ordinary simple interest on PHP 5,000 for the period from January 15 to June 20, 2019 if the interest

image text in transcribed

Question 15 3 Points Determine the ordinary simple interest on PHP 5,000 for the period from January 15 to June 20, 2019 if the interest rate is 14%. (A) 301.39 B) 317.18 333.33 (D) 273.23 Question 16 3 Points What is the future worth of$1,000 invested at a rate of 6% simple interest for 2 12 years? A $1,150 B $1,188 C) $1,175 D$1,157

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Public Finance

Authors: Harvey Rosen, Robert Guell, Ted Gayer

9th Edition

0073511358, 9780073511351

More Books

Students also viewed these Finance questions

Question

3. What is my goal?

Answered: 1 week ago

Question

2. I try to be as logical as possible

Answered: 1 week ago