Michael needs Php 10,000 for the renovation of their house. If he will apply for a discounted one year loan at a simple interest rate of 10% per year, how much should he apply for?
Michael needs Php 10,000 for the renovation of their house. If he will apply for a discounted one year loan at a simple interest rate of 10% per year, how much should he apply for?
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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- Michael needs Php 10,000 for the renovation of their house. If he will apply for a discounted one year loan at a simple interest rate of 10% per year, how much should he apply for?
a. 11,000.00
b. 11,111.11
c. 10,000.00
d. 10,785.62
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