A person lent P5000.00 to B for 2 years and P3000.00 to C for 4 years on simple interest at the same rate of interest and received P2200.00 in all from both of them as interest. What is the rate on interest per annum?* 5% 7% Option 1 Option 2 7!% 10% Option 3 Option 4
A person lent P5000.00 to B for 2 years and P3000.00 to C for 4 years on simple interest at the same rate of interest and received P2200.00 in all from both of them as interest. What is the rate on interest per annum?* 5% 7% Option 1 Option 2 7!% 10% Option 3 Option 4
Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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