Find the simple interest rate of the principal of Php. 15,000 with simple interest of Php. 30,000 for 5 years. а. 30% b. 40% C. 35% d. 45% е. 50%

College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter8: Sequences And Series
Section8.4: Mathematics Of Finance
Problem 2E
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Find the simple interest rate of the principal
of Php. 15,000 with simple interest of Php.
30,000 for 5 years.
а. 30%
b. 40%
C. 35%
d. 45%
е. 50%
Transcribed Image Text:Find the simple interest rate of the principal of Php. 15,000 with simple interest of Php. 30,000 for 5 years. а. 30% b. 40% C. 35% d. 45% е. 50%
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