Krei is required to pay P57,000 in 15 days or P60,000 in 60 days. Find the annual rate of 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 3.42TI: Hang borrowed $7,500 from her parents to pay her tuition. In 5 years, she paid them $1,500 interest...
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Krei is required to pay P57,000 in 15 days or P60,000 in 60 days. Find the annual rate of interest.
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