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Populaire Word Problems >

At what simple interest rate was Php 312,000 invested if it earned an interest of Php 24, 102 just after 1.5 years?

Solution

A t w ha t s im pl e in t eres t r a t e w a s P h p 312, 000 in v es t e d i f i t e a r n e d an in t eres t o f P h p 24, 102 j u s t a f t er 1.5 ye a rs ?

Solution

Rate : 5.15%

étapes des solutions

Translate the problem into an equation:

24102 = 312000 r \cdot 1.5

Solutionner pour

r, 24102 = 312000 r \cdot 1.5 : r = 5.15%

Rate : 5.15%

Exemples populaires

a man earned 340.00 in one year on an investment that paid a 4% dividend find the amount of money invested mr johnson borrowed 750 for 1 year he hs to pay s6 percent simpe interest how much interest will he pay A man borrows PhP 5 500 for 3 years at a rate of 8% per annum. How much simple interest does he need to pay at the end of 3 years James invests 15,000 at 10% simple interest for 3 years. How much interest did James earn over the 3 years?what sum would accumulate to \5,250 in 8 years at 9% simple interest