Question discussion

The exact simple interest of P5,000 invested from June 21, 1995 to December 25, 1995 is P100. What is the rate of interest?

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The exact simple interest of P5,000 invested from June 21, 1995 to December 25, 1995 is P100. What is the rate of interest?
  • A3.90 %
  • B3.92 %
  • C3.95 %
  • D3.98 %
Correct answer: A

Discussion 1

0
CCommunity
3.90 %