Determine the ordinary and exact simple interest on P5,000.00 for the period from January 15 to June 201993 if the rate of simple interest is 14%.Ordinary Simple Interest is P Blank 1Exact Simple Interest is P Blank 2Blank 1Add your answerBlank 2Add your answer

Principal amount = P 5,000.00 Interest rate = 14% Period from January 15 to June 20 = 156 Days

Answered: Determine the ordinary and exact simple…

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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Determine the ordinary and exact simple interest on P5,000.00 for the period from January 15 to June 20 1993 if the rate of simple interest is 14%. Ordinary Simple Interest is P Blank 1 Exact Simple Interest is P Blank 2 Blank 1 Add your answer Blank 2 Add your answer