Answered: E5. Determine the ordinary simple…

Business

Accounting

E5. Determine the ordinary simple interest on P10,000 for 11 months and 15 days if the rate of interest is 6%.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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E5. Determine the ordinary simple interest on P10,000 for 11 months and 15 days if the rate of interest is 6%.

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