A loan of 50,000 Php is to be paid in 3 years at the amount of 65,000 Php. What is the simple interest?

Elementary Algebra
17th Edition
ISBN:9780998625713
Author:Lynn Marecek, MaryAnne Anthony-Smith
Publisher:Lynn Marecek, MaryAnne Anthony-Smith
Chapter3: Math Models
Section3.2: Solve Percent Applications
Problem 3.39TI: Areli invested a principal of $950 in her bank account with interest rate 3%. How much interest did...
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A loan of 50,000 Php is to be paid in 3 years at the amount of 65,000 Php. What is the simple
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