Solution-How long did take for deposit to earn an interest

How long did take for deposit to earn an interest

Reference no: EM132729326

Problem 1: Benjamin deposited P600 in a saving account that pays 4% simple interest. How long did it take for his deposit to earn an interest of P72.

Problem 2: What amount was invested for 5 years at 2 ¼ % if it earned interest of P2,500?

Problem 3: At what interest rate will P15,000 earn an interest of P2,500 at 18 years?

Reference no: EM132729326

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How long did take for deposit to earn an interest

Reference no: EM132729326

Reference no: EM132729326

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Accounting Basics Questions & Answers

How much control does fed have over this longer real rate

Coures:- fundamental accounting principles

Accounting problems

Theory of interest - term structure of interest rates

Write a report on internal controls

Prepare the bank reconciliation for company

Cost-benefit analysis

Theory of interest

Liquidity and profitability

What is the expected risk premium on the portfolio

Simple interest and compound interest

Capm and venture capital

Assured A++ Grade

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