Dan invested Php 25,000 in a time deposit account that earns 1.25% simple interest rate for 30 days. Before deducting the withholding tax, how much interest will he earn from the bank after 30 days.
Dan invested Php 25,000 in a time deposit account that earns 1.25% simple interest rate for 30 days. Before deducting the withholding tax, how much interest will he earn from the bank after 30 days.
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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Transcribed Image Text:Dan invested Php 25,000 in a time deposit account that earns 1.25% simple interest rate for 30 days. Before deducting the
withholding tax, how much interest will he earn from the bank after 30 days.
O Php 25.68
O Php 205.48
O Php 256.85
O Php 20.58
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