Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Michael's father had borrowed Php150.000 from the bank and the rate of interest was 5%. What would the simple interest be if the amount is

image text in transcribed
Michael's father had borrowed Php150.000 from the bank and the rate of interest was 5%. What would the simple interest be if the amount is borrowed fer 1 year? Similarly, calculate the simple interest if the amount is borrowed for 20 months, 36 months. and 120 months

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

Trigonometry

Authors: Mark Dugopolski

3rd Edition

0321899830, 9780321899835

More Books

Students also viewed these Mathematics questions