A man deposited 5,000 in a bank at a rate of 10% per annum for 8 months

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A man deposited ₱5,000 in a bank at a rate of 10% per annum for 8 months and 25 days. Find the ordinary simple interest.
Group of answer choices

₱368.05

₱358.05

₱348.05

₱338.05

What is the present worth?
Group of answer choices

Difference between future worth and interest

Amount of money with the interest

The final amount of money

Sum of future worth and interest

Related Book For answer-question

Spreadsheet Modeling & Decision Analysis A Practical Introduction to Management Science

ISBN: 978-0324656633

5th edition

Authors: Cliff T. Ragsdale

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Posted Date: Jan 06, 2023 05:58 AM

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A man deposited 5,000 in a bank at a rate of 10% per annum for 8 months

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Spreadsheet Modeling & Decision Analysis A Practical Introduction to Management Science

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