Question: James invested Php 35, 000 and had Php 39, 250 returned to him 2 years and 9 months later. At what simple interest rate did

James invested Php 35, 000 and had Php 39, 250 returned to him 2 years and 9 months later. At what simple interest rate did his money earn?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

Q:

27. Let alpha = 0.4, beta = 0.2. See the data table below: Period Month Demand (000) 1 January 200 2 February 212 3 March 214 4 April 222 5 May 337 When using exponential smoothing with trend...

Q:

show the complete answer 1. Mr.Tan invested Php 35, 000 and had Php 39, 250 returned to him 2 years and 9 months later. At what simple interest rate did his money earn? 2. Nicole needs to raise Php...

Q:

Hello please answer to the following question. good luck 29. Annuities. You can buy a car that is advertised for $24,000 on the following terms: (a) pay $24,000 and receive a $2,000 rebate from the...

Q:

PLEASE ANSWER ALL THE QUESTIONS... PLEASE 1. Liza has Php250,000 and she wants to invest it for 189 days. She has two options: Option A: invest in an account that pays 4% simple interest rate Option...

Q:

1. At what simple interest rate must $5 000 be invested to accumulate to $20 000 at the end of 10 years? 2. You deposit $15 000 into a savings account. How much will you have saved in the bank after...

Q:

Need help with these discussion postings (in a document) and assignments (all in separate files), all directions are included as well. FINANCE DIRECTIONS Need to provide 1 original post substantial...

Q:

Unit 1 Homework Assignment (2.1, 2.2, 2.3, 2.4) WebAssign Unit 1 Homework Assignment (2.1, 2.2, 2.3, 2.4) (Homework) Current Score : 9 / 40 6/19/15, 8:50 AM Alberto Pena MAT230, section MAT230.90 MOD...

Q:

Do questions 19, 23,27 In Exercises 1520, the principal P is borrowed and the loan's future value, A, at time t is given. Determinethe Joan's simple interest rate, r, to the nearest tenth oft:...

Q:

B. Solve the following problems involving interest. Write the answer on the line provided. Attached the solution on a separate sheet. No solution means wrong answer. 1. A bank offers 3.5% annual...

Q:

Solve the following problems involving interest. Write the answer on the line provided. 1. A bank offers 3.5% annual simple interest rate for a particular deposit. How much interest will be earned if...

Q:

Apple Pay Will Apple pay be a huge success with consumers? Why or why not Why did banks agree to partner with apply for apple pay in the US? Are retailers excited about Apply pay? Why or why not?...

Q:

Charlene Clyde, an accountant for Otto Brothers Limited, discovers that her supervisor, Bob Lusk, made several errors last year. Overall, the errors overstated the companys net income by 20%. It is...

Q:

After the successful offering of shares to the public through the companys IPO ten years ago, PT. KFC is planning their first issuance of corporate bonds for the total amount of Rp. 500 billion with...

Q:

in explaining the unintended effects of banking regulations after the 1 9 8 s financial crisis, the policy

Q:

Draw a class diagram and its relationship based on the following statements. You can use any UML tool/software to represent your class diagram. Do NOT copy and paste your diagram, use the attachment...