Mark borrowed 65,000 php from Rhenz under the following conditions: simple interest rate of 2.5%; to be paid 30 months after the loan date. Which of the following corresponds to the interest that Mark has to pay? A 40,625 php B 5,717.75 php 3,560.26 php 4,062.50 php

Algebra and Trigonometry (6th Edition)
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ISBN:9780134463216
Author:Robert F. Blitzer
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ChapterP: Prerequisites: Fundamental Concepts Of Algebra
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Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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Mark borrowed 65,000 php from Rhenz under the following conditions:
simple interest rate of 2.5%; to be paid 30 months after the loan date.
Which of the following corresponds to the interest that Mark has to pay?
A
40,625 php
5,717.75 php
3,560.26 php
D
4,062.50 php
Transcribed Image Text:Mark borrowed 65,000 php from Rhenz under the following conditions: simple interest rate of 2.5%; to be paid 30 months after the loan date. Which of the following corresponds to the interest that Mark has to pay? A 40,625 php 5,717.75 php 3,560.26 php D 4,062.50 php
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