enry bought an antique watch for P15,000 and sold it 6 months later for P17,750. What mple Interest rate did he earm on this sale? Time is in years OA. O A. 12.50% O B. 36.67% 27 10%

Algebra: Structure And Method, Book 1
(REV)00th Edition
ISBN:9780395977224
Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Chapter7: Applying Fractions
Section7.6: Percents Problems
Problem 8ST
icon
Related questions
Question

Solve all parts it correctly not use excel

Fill in the blanks
Amount to be invested is P54,000 for 198 days at 8 %(eight percent). Using 6% Method, the
total interest(ordinary interest) is PhP
.Answer in whole
number.
Transcribed Image Text:Fill in the blanks Amount to be invested is P54,000 for 198 days at 8 %(eight percent). Using 6% Method, the total interest(ordinary interest) is PhP .Answer in whole number.
Henry bought an antique watch for P15,000 and sold it 6 months later for P17,750. What
simple interest rate did he eam on this sale? Time is in years
OA.
12.50%
O B. 36.67%
O C. 27.10%
Transcribed Image Text:Henry bought an antique watch for P15,000 and sold it 6 months later for P17,750. What simple interest rate did he eam on this sale? Time is in years OA. 12.50% O B. 36.67% O C. 27.10%
Expert Solution
steps

Step by step

Solved in 3 steps with 2 images

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Algebra: Structure And Method, Book 1
Algebra: Structure And Method, Book 1
Algebra
ISBN:
9780395977224
Author:
Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:
McDougal Littell
Holt Mcdougal Larson Pre-algebra: Student Edition…
Holt Mcdougal Larson Pre-algebra: Student Edition…
Algebra
ISBN:
9780547587776
Author:
HOLT MCDOUGAL
Publisher:
HOLT MCDOUGAL