At what interest rate will P120,000 earn P37,800 interest after 3 ½ years? A 9 % B) 8% 10% D) 7%

College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter1: Equations, Inequalities, And Mathematical Modeling
Section1.6: Other Types Of Equations
Problem 9ECP: You deposit $2500 in a long-term investment in which the interest is compounded monthly. After 5...
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Question 26
At what interest rate will P120,000 earn P37,800 interest after 3 ½ years?
A
9 %
8%
10%
7%
Transcribed Image Text:Question 26 At what interest rate will P120,000 earn P37,800 interest after 3 ½ years? A 9 % 8% 10% 7%
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