Determine the simple interest rate if an investment of Php65,000.00 accumulates to Php100,000.00 in 45...

70.2K

Verified Solution

Question

Algebra

image

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!
Become a Member

Other questions asked by students