Question
1.A loan company charges P30 interest for a one-month loan of P1200. Find the annual interest rate they are charging. 2. To buy a computer,
1.A loan company charges P30 interest for a one-month loan of P1200. Find the
annual interest rate they are charging.
2. To buy a computer, Jewel borrowed P25,000 at 9% interest for 2 years. How much
money did she have to pay back?
please include explanation on how the final answer get.
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Managerial Accounting
Authors: John J Wild, Ken W. Shaw, Barbara Chiappetta
7th edition
1260482936, 978-1260482935
