5. Mr. Manalac invested P 100,000.00 to a certain business which earns P 20,000.00 every 2 months for 10 years, and at the end of 10 years he will receive his P 100,000.00 investment. Compute the simple rate on the investment per year. 6. The buyer of a set of computer was offered the options of paying P 35,000.00 cash or P 40,000.00 at the end of 2 months. If the buyer agrees to pay at the end of two months, at what rate is he paying simple interest?

5. Mr. Manalac invested P 100,000.00 to a certain business which earns P 20,000.00 every 2 months for 10 years, and at the end of 10 years he will receive his P 100,000.00 investment. Compute the simple rate on the investment per year. 6. The buyer of a set of computer was offered the options of paying P 35,000.00 cash or P 40,000.00 at the end of 2 months. If the buyer agrees to pay at the end of two months, at what rate is he paying simple interest?

Algebra for College Students

10th Edition

ISBN:9781285195780

Author:Jerome E. Kaufmann, Karen L. Schwitters

Publisher:Jerome E. Kaufmann, Karen L. Schwitters

Chapter14: Sequences And Mathematical Induction

Section14.3: Another Look At Problem Solving

Problem 30PS

See similar textbooks