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Find the ordinary interest on P 25 000 at 3.25% simple interest for 75 days. A. P 165. 27 B. P 167. 27 C. P 169. 27

Find the ordinary interest on P 25 000 at 3.25% simple interest for 75 days. A. P 165. 27 B. P 167. 27 C. P 169. 27

Essentials Of Investments
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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Find the ordinary interest on P 25 000 at 3.25% simple interest for 75 days. A. P 165. 27 B. P 167. 27 C. P 169. 27 Answer: What is the simple discount rate if the proceed is P 75 000 from a loan of P 100 000 payable in 5 years? A. 5% B. 5.5 % С. 6% Answer: How much should be invested today in a fund that pays 4 1/2 % simple interest in order to have P 150 000 in 4 years? A. P127 118.64 B. P125 118.64 C. P123 118.64 Answer:
Transcribed Image Text:Find the ordinary interest on P 25 000 at 3.25% simple interest for 75 days. A. P 165. 27 B. P 167. 27 C. P 169. 27 Answer: What is the simple discount rate if the proceed is P 75 000 from a loan of P 100 000 payable in 5 years? A. 5% B. 5.5 % С. 6% Answer: How much should be invested today in a fund that pays 4 1/2 % simple interest in order to have P 150 000 in 4 years? A. P127 118.64 B. P125 118.64 C. P123 118.64 Answer:
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