The PHP 65,700 is the present value of PHP 67,500 due in three months. Compute the simple interest. Find out the discount rate.

Managerial Economics: A Problem Solving Approach
5th Edition
ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Chapter5: Investment Decisions: Look Ahead And Reason Back
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The PHP 65,700 is the present value of PHP 67,500 due in three months.

Compute the simple interest.
Find out the discount rate.

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