Solve the following problem set in simple Interest. Show your handwritten solution. What is the interest rate if you are to pay P10,000 from a P4000 principal amount after 3 years?

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter9: Sequences, Probability And Counting Theory
Section9.4: Series And Their Notations
Problem 56SE: To get the best loan rates available, the Riches want to save enough money to place 20% down on a...
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Solve the following problem set in simple Interest. Show your handwritten solution. What is the interest rate if you are to pay P10,000 from a P4000 principal amount after 3 years?

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