How long should Php2,500 be vested so that it becomes Php6,500 at 4.5% mple interest rate? 8.79 years

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
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Question 4
How long should Php2,500 be
invested so that it becomes Php6,500 at 4.5%
simple interest rate?
4
8.79 years
35.56 years
10.39 years
21.33
years
Transcribed Image Text:Question 4 How long should Php2,500 be invested so that it becomes Php6,500 at 4.5% simple interest rate? 4 8.79 years 35.56 years 10.39 years 21.33 years
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