Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A lent Php 5207 to B for 2 years and Php 5721 to C for 4 years on simple interest at the same rate of

A lent Php 5207 to B for 2 years and Php 5721 to C for 4 years on simple interest at the same rate of interest and received Php 2809 in all from both of them as interest. Find the simple interest rate. Show complete solution

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Using Econometrics A Practical Guide

Authors: A. H. Studenmund

7th edition

013418274X, 978-0134182742

More Books

Students also viewed these Economics questions