Determine the simple interest rate if an investment of Php65,000.00 accumulates to Php100,000.00 in 45...
70.2K
Verified Solution
Link Copied!
Question
Algebra
Determine the simple interest rate if an investment of Php65,000.00 accumulates to Php100,000.00 in 45 months. Round off answer to two decimals.A) 12.17%B) 12.18%C) 14.35%D) 14.36%
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!