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2 years ago

1. What is the maturity value of P12,500 if it is invested at 15% simple interest for 250 days using ordinary interest?

Business

1 answer:

hram777 [196]2 years ago

8 0

Answer:

$13,784.25

Explanation:

Simple interest = P x R x T

(P12,500 x 15 × 250) / 100 × 365 = $1284.25

Value = $1284.25 + P12,500 = $13,784.25

I hope my answer helps you

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