1. Arah borrowed of Php 14,000 from a cooperative and paid a Php 800-interest in a year. What was the simple interest rate? 2. What is the maturity value of a Php 40,000 loan after 3 years if the rate of interest is 6% per annum?
1. Arah borrowed of Php 14,000 from a cooperative and paid a Php 800-interest in a year. What was the simple interest rate? 2. What is the maturity value of a Php 40,000 loan after 3 years if the rate of interest is 6% per annum?
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter7: Exponents And Exponential Functions
Section: Chapter Questions
Problem 68SGR
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1. Arah borrowed of Php 14,000 from a cooperative and paid a Php 800-interest in a year. What was the simple interest rate?
2. What is the maturity value of a Php 40,000 loan after 3 years if the rate of interest is 6% per annum?
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