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Jun is investing an amount at 15% simple interest for 3 years. If he intends to have Php 48,200.00 at the end of the term, what must be his principal?

Intermediate Algebra

19th Edition

ISBN:9780998625720

Author:Lynn Marecek

Publisher:Lynn Marecek

Chapter2: Solving Linear Equations

Section2.2: Use A Problem Solving Strategy

Problem 2.53TI: Eduardo noticed that his new car loan papers stated that with a 7.5% simple interest rate, he would...

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Jun is investing an amount at 15% simple interest for 3 years. If he intends to have Php 48,200.00 at the end of the term, what must be his principal?

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