3.1 Simple Interest

3. Determine the interest and maturity value of a simple interest note signed on October 29, 2008 and due February 11, 2009. The note has a face value of Php 10,000 and an interest rate of 16.5% per annum. Discounting Notes Example 1 Mike bought office furniture from Jay and gave him a Php 50,000 bank discount note due on ................
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