A man required to pay 57500 pesos at the end of 15 days of 60000 pesos at the end of 60 days. Determine the rate of interest per annum.

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter7: Exponents And Exponential Functions
Section: Chapter Questions
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A man required to pay 57500 pesos at the end of 15 days of 60000 pesos at the end of 60 days. Determine the rate of interest per annum.

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