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Determine the exact simple interest on ₱1,000,000 invested for the period from October 24, 1997 to January 7, 2002; if the rate of interest is 14%.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Determine the exact simple interest on ₱1,000,000 invested for the period from October 24, 1997 to January 7, 2002; if the rate of interest is 14%.

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